So, you have bought yourself a car, driven it about and now you wish to sell it in order to buy something else that has caught your eye. Great, but it isn’t as easy as that – especially if you are expecting to get anything near what you paid for it.
As hard as that might be to believe, I’m afraid it is all too true. It is a known fact that a car loses value as soon as you drive it off the forecourt, much in the same way that a computer or smart phone decreases value the moment you hand over your hard-earned cash and walk out of the store with it.
This isn’t the only thing that can determine what kind of price you can get for your car:
How Well Maintained it is Internally – Have you been looking after the engine? Have you been making sure that everything inside the car is clean and working perfectly? If it isn’t then the buyer will need to spend money on repairing/cleaning hence they will offer a lower price.
How old it is – While some cars will be labelled as ‘classic’ and increase in price, I doubt you own a classic car so its value is bound to drop as the vehicle ages.
Has it Been in an Accident? – Any kind of damage to the outside of your car is bound to diminish the price you are looking for.
These are just a few things to mull over before selling your car. And it doesn’t matter if you live in London or New York these things still need to be considered when trying to get cash for cars.