What factors can affect my car’s value?
Here’s a breakdown of the main factors that can influence your car’s value:
It’s true what they say - as soon as you drive your car out of the dealership, it starts to depreciate. In most cases, the older your car is, the less value it holds. This isn’t always true though - some vintage cars may have higher value based on their make, model, and popularity.
Make and Model
The make of a car is the company that manufactured it, and the model is the specific vehicle model, for example, Volkswagen, Beetle. The make is Volkswagen, and the model is Beetle.
The make and model can influence a car’s value based on factors like reputation.
If you service your car regularly and protect the interior and exterior from damage - it’s likely going to be worth more than the same model that hasn’t.
A car that’s travelled fewer kilometres is usually worth more and plays a big part in its value - simply because it’s been used less over time. In most cases, the higher the mileage and distance travelled, the less value your car holds.