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Factors that affect value of your old car

If you are looking to sell your car, you might be anxious to know the value you might be getting while selling it. And it’s only obvious to be curious as there is no hard and fast rule to get to know the truth of your vehicle. When you visit various auto wreckers, they can value it at a different rate. Based on the priorities of the cash for cars services, the valuation scheme may differ. However, there are mostly the same factors at play, which affects the value of your old car. And here, we will be discussing all the important factors that affect the value of your old car. After knowing the factors, you can give special attention to it and get the best cash for old cars.

Factors that affect the value of your old car

The resale value of the old car is very sensitive. A minor change in the state of the vehicle can raise or lower the price of the vehicle at a dramatic rate. So before selling your old car, you need to keep an eye on these factors.

The appearance of your vehicle

The way your vehicle looks will have a great influence on its price. All the car buyers first take a look at the interior and exterior appearance of the car before paying the price for it. And it’s quite clear that a car with fewer dents, scratches, rust, and other physical damage gets a better price.

Similarly, if the interiors are clean, upholstery, tires, and electrical/electronic components are well-maintained, the value of the car can get high. So if have a car that you take to the service centers in a regular fashion, you can get a handsome amount for it.

Mileage

Mileage directly reflects how much your car has been used. More mileage means the car has endured greater wear and tear. One can definitely make an assumption regarding the remaining life of the vehicle just by looking at its mileage. So as a rule of thumb, a car with lower mileage gets a big stack of cash.

Brand and model

The brand of the vehicle and the popularity of the model is another influencing factor while making the sale. If the car brand is popular in the territory and if the model has a high sales record, you can expect the car value to be high. This is because more vehicles on the road mean a better service network. So if you own the best-selling Toyota car, there are higher chances that you will get more value than less-renowned cars with similar conditions.

Also, spare parts of the car with a good sales record are easy to find in the market. And if the parts are easily available, the car buyer can extend its service life with timely repair and maintenance. It will be another reason to give you better value for your car.

Age

Along with the passage of time, the popularity of the model decreases. The service life of the model also decreases and finding auto parts for the vehicle starts getting difficult to find. The more obsolete it gets in the market; you will get lesser resale value. So if the car company stops manufacturing the model and its spare parts start getting rare, you start thinking about scrapping your vehicle rather than selling it. But with the vintage cars, it’s a different story.

Ownership history

The value of the car also depends on the number of times it has been resold. If it’s your first resale then your car will worth more. If the ownership has changed multiple times, the same cannot be said.

Similarly, if the vehicle belongs to an office or organization, it will usually have a lower value. In a company, there could be a number of employees or chauffeurs, who could have ridden the vehicle. And the buyers do not prefer that while procuring a vehicle.

Operability

If your automobile is running and still roadworthy, it may have many parts that can be used for other vehicles. Car removalists can make money by selling the auto parts alongside their scrapping business. So they usually come up with good offers for such cars.

But if the car is no longer functioning, the car will be valued taking note of the price of the scrap metals. And that value is usually low. So if your car is no longer operable, you can sell it to scrappers for its scrap metal value. You may not get the best value but you will definitely get something.

Available parts

As mentioned earlier, car removalists pay closer attention to the parts of the vehicle and operability. So if the part inside your vehicle is still intact, it will earn you more money. If the parts are no longer useful, your vehicle will be worth the value of scrap metal.

Weight

Auto wreckers dismantle your vehicle, sell the parts if they are usable and sell the remaining metal parts to the car scrapper company. The weight of the scrap metals plays an important role in this. Higher the weight of the vehicle, the higher will be the payment. So most car removal services value your old car because of its weight and therefore its scrap metal value.

Lake Macquarie Cash for Cars

We also value the car taking note of these factors. But the way we value your car is different than other similar car wreckers. Since we pay top dollar cash for old cars, our value is unbeatable in the industry. So you can rely on us to get the best price for your automobile. We also pay the full amount instantly on the spot.

In addition to the best price, we are also offering free car valuation and the free car removal. And this will save you some bucks while making the sale. Furthermore, we work round the clock and come to buy your vehicle at a time convenient to you. So our process is simple, quick, and hassle-free in every possible way.

Call us today at 0487 002 222 or fill up the Quote form. We will come to pick up your vehicle right away.