How to calculate the value of a used car?

Whether you're looking for a car or selling yours, it will always be useful to know the basic lessons to value a car, however, this can be much more complicated than it sounds for several reasons.You will find tools to answer the very common question: “How much is my car worth?”

How to calculate the value of a used car?

Depreciation plays a determining role in calculating the value of a used car.As a general rule, we can intuit that a car loses about 30% of its value during its first year of life-even when leaving the agency.Much of this lost value is attributed to taxes on import, to the utility of the company that sells and to other factors that a second-hand buyer no longer covers.From the second year, we can calculate a loss of v between 5% and 10%, depending on the car in question.The rarest cars will lose more value, while the general cars will retain theirs in a better way.

Knowing the age of the car is Only the first step to calculate its residual value.Another important factor is the state of the car; a car that lived under cover most of its life and that received all its services in time and form, and even additional, to one that lived under the ray of the sun and that has one or two pending services is not kept the same., a car in excellent condition retains its value better than one in regular conditions-which is how we find most of the cars used in Mexico.The mileage, although it is no longer as relevant as in other times thanks to technological advances in engines and mechanical components, continue to add a plus to the resale price if it is low or lower than the average, which is around 20 thousand kilometers per year.

How to calculate the value of a used car?

The third step, and the most difficult for most people , is to know the real market value of the car.This means that regardless of what you guide and other stipulative means i ndiquen, we must know what people are really paying for cars similar to ours.This becomes complicated for normal people who are not engaged in the business of buying and selling cars, because these figures are not publicly available, and what What's more, they vary even within the same city according to the area in which we are.

Unless we have a friend or relative working in the business, it is practically impossible to know the real market value of Our car, however, there is a tool that we can use for it.The company VendeTuAuto.com, dedicated to the purchase of used cars for two years, offers on its website a simple quote that we can use to know an approximate value Real market of our car.Thanks to your business model, your quotator does not work according to speculative figures such as guides or books, but they are based on your sales experience before an extensive network of buying and selling professionals of cars to know how much is the most that could attract each version of each car and based on that offer.Knowing this, we can help us place a price on our used car based on the internal quote of VendeTuAuto.

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