26 Jun THESE THINGS MAY AFFECT YOUR CAR RESALE VALUE
If you have madeup your mind to sell your old car and wondering how to get the best value out of it, you need to pay attention to certain things that may affect its price in the resale market. Used cars in raleigh, other cities and brands also have similar factors.
Colour has it all:
You may feel it strange, but your car color might affect its market value. The bright purple color that you picked instantly may not be the fav of potential buyers. Colourslike grey, white, and silver get sold quickly as they are of common interest to the majority of people. Hence, they are sure to find a comfortable place in the resale market.
Model and madein the brand:
Some models have more demand in specific regions and may not be of much preference. For example, in a stud, it was observed that Asians prefer Asian brands like Toyota and Honda more than European brands. Though there is no logical reason for this, sometimes it might be because of aerial affection or some scientific causes like engine ability,mileage, etc. Others are also of the opinion that the spare parts of the cars manufactured in a particular area will not be available in other areas, which is valid to some extent.
Proficiency of post-sale service:
The quality of the service that your car gets from your service provider has to be taken seriously as prospective buyers verify about the kind of service, they get from service centres. They take in to account the rating of the center, and though it is not the seller’s fault, it is his/her responsibility to check the proficiency of the center.
Wear and tear:
The condition of wear and tear of the car depends on various factors. Mileage is one among it. The more you have travelled, the lesser the distance will be, and in return, the lower the resale value.
Generally, cars that have travelledfewer miles will have more mileage and less wear and tear, thereby attracting more buyers.
How old is your car? If it is older than 10 or 12 years old, then it may be challenging to find excellent resale value. Unless and until your vehicle is a vintage or classic vehicle, generally car’s resale value keeps decreasing the more it ages. Financing also might get tricky with older cars.
Whether you are purchasing or selling a vehicle, it is essential to keep a note of factors that affect its purchasing or selling price.