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What Are the Factors That Affect the Resale Value of Your Car?


The used car market is a big industry today especially after the entry of certified dealers with lots of people opting to buy used cars due to its numerous benefits. The entry of certified dealers ensures that the car you buy is tried and tested based on stringent parameters and does not give you any trouble.

If you are planning to put your car for sale,you should know about few aspects,which impact the resale value.

Brand

The brand name plays an important role in deciding the price of the vehicle. Some brands can easily command 45-60 percent of their value if sold within the first three years. The others only get a maximum of 35% in the same time. This is because fast moving brands have earned the reputation of needing low maintenance and smooth handling. People love to go for them because of the reputation of giving fewer problems.

Colour

Those vehicles that are offered in neutral colours like black, silver or white are easily sold and command a better pricing than flashy, off-beat shades. If you check for the price for used Hyundai Santro Xing in Bangalore for both these neutral colours and offbeat ones, you will find a significant difference between the two.

Mileage

This is an important factor because wear and tear increases with mileage. The more you have driven the car, the price gets lower. If your vehicle is just 3 years old but the meter shows a mileage of 90,000 km as against a four-year-old with just 40,000 km, then the chances of four-year-old getting better price are higher.

All these factors have a great impact on the pricing of the car.

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