What factors affect the value of your vehicle?

There are a number of details that you must consider in order not to further reduce the value of your car. 

We know in advance that a car is not usually an investment, since there is the old idea that when the car hits the street for the first time after leaving the dealership, it loses about 20 percent of its value. The premise is not entirely false, although the percentage may be even higher, but do you know what are the factors that affect the value of your vehicle? 

The reality is that the causes abound, but here we are going to list some of the most common. 

Mileage 

This is one of the most common reasons for the price drop in a car, because even if the car is of the current model year, if it has a marked path traveled, it will affect the value of the car. The average “normal” annual mileage traveled is around 20,000 kilometers and if the average is exceeded, it is certain that your car will be worth a little less.

Maintenance 

There are people who do not know the mechanical condition of a vehicle, so the service card is of vital importance. Having the certainty that the maintenance was carried out in a timely manner by a certified workshop, with trained labor is ideal and not having the stamps or receipts are the cause of a decrease in the value of the vehicle. In the event that the car is no longer under warranty and/or the service is not performed at the dealership, it is important to keep the receipts of each entry to the workshop to support that your car leads a healthy life. 

Functioning 

This is perhaps the most obvious reason for a car losing value, as the premise is simple. If your car does not work any system or element is reason for a price drop. Obviously there are failures after failures, so a burnt bulb is not a big problem, but a short circuit would be. Mechanical failures, especially engine failures, are considered serious and an obvious depreciation factor. 

Invoice type 

The invoice of your car is a kind of guarantee of origin, since it not only states the legal ownership of the car, but also that, at least in theory, it is in good condition. Having an insurance bill indicates that the car was heavily damaged and this undoubtedly lowers the value of the car considerably. There are cases in which the depreciation of cars with an insurance bill exceeds 50% of the real value of the car.

Spare parts 

Believe it or not, the after-sales market can be a factor of depreciation, because your car has little availability of spare parts or these are too difficult to obtain or expensive, this affects its value. The reason is simple, a car is bought to be used and the one that spends a lot of time in the workshop without timely repair, is the reason for a drop in the sale price. 

Supply and demand, the specific model of the car, reputation of the make and model, equipment, modifications, general condition of the vehicle and other reasons, are cause for depreciation. 

It is essential to seek to keep our car in ideal conditions, thinking about the future and a possible sale scenario. Even though you already know you won't get back the money you spent, you can cut your losses with good general care. Get cash for car in Brisbane with best value and evaluation.