When selling your car, knowing its value is a must. If you have an accurate idea of how much your car is worth you can use this in negotiations over price helping you get the most money for your motor.
What impacts a car’s value?
A car’s value can be affected by several factors
- Mileage and age
The more miles a car has covered the lower its value. Cars with higher mileage have usually experienced more wear and tear which reduces value.
As a rule of thumb, for every 20,000 miles your car covers it will lose around 20% of its value.
- Make and Model
The reputation of your car’s brand counts for a lot with regards to its resale value. Brands such as Ford and Volkswagen have reputations for being dependable and long lasting which helps their cars retain value better.
- Market demand
The conditions of the market will influence your car’s value, if there is high demand for the make and model of your car it’s value will be higher, if demand is low then value will be lower.
How can I work out the value of my car?
Free Online Valuation
The most straightforward method of determining your car’s value is to use an online valuation tool such as Sell2Swansway. All you need to do is enter your vehicle registration and mileage and they will provide you with an accurate figure for what your car is worth.
Online valuation tools are quick and based off the current market making them not only the fastest method, but also the most accurate.
Compare with other models for sale
A second method for working out your car’s value is to do a bit of market research. Search for your cars make and model on Autotrader, or other car platforms to get and idea of how much cars like yours are selling for. Bare in mind the mileage and maintenance history of these cars as this will also impact their value.
