Your car depreciates all the time and you could have little knowledge of how much it is worth. It is reported that cars in Australia depreciate at 14% each year, in the first three years. A car that initially cost $30,000 will worth $20,000 in a few years.
The most common way to determine the value of your car is to use the online estimator. It will provide an estimation of the value of the car, based on the model, year of manufacture, and the make. The estimate does not consider where you are selling your car, as it might sell at a different price according to the local demand. The estimator does not give an account for the mileage but provides a quote based on the kilometres that car could have travelled. Additionally, it provides the value of the extras in your vehicle such as leather seats and GPS.
What influences the worth of a car?
There are varieties of factors that contribute to the value of your car. Below are some of the things to consider when using the estimator.
- Age: The year of manufacturer affects a lot. Typically, the age decreases the value of your car. However, some vintage vehicles may increase in their value.
- Model and make: Some popular models hold their values and are good sellers of the second hand in the market. However, there is no guarantee that your vehicle will maintain its value. It is important to have a common car in Australia that will give you a humble time when selling.
- Mileage: Generally, a car that has great mileage means that it has great wear and tear.
- Colour: Your vehicles colour says a lot and makes a big difference to the value. According to motoring.com.au, common or standard colours might attract car buyers easily. Bold colours attract high prices and may take some time to get a potential buyer.
Cash for used cars Melbourne
You can contact some companies that deal with buying second-hand cars. After contacting them, they will come to your doorstep. They will assess your car and give you a genuine offer. They will take care of the paperwork, vehicle disposal, and contract payouts. They will settle payments through cash, bank cheque or even bank transfer. The exercise will be hassle-free for you. You can contact us for getting the best cash for used cars.
Would you like to find out how much your car is worth? Call us at 0419 049 277 to schedule an appointment for car valuation.