Selling a used car is not an easy business at all. Doing the right thing by pitching the right price can get very tricky at times. If you tend to overprice your vehicle then find a buyer becomes very difficult. On the other hand, if you undersell you tend to lose some money which is not at all desirable. So it is always advisable to consult an expert auto consultant while making a deal for used cars. There are a number of parameters based on which the analysis of used cars is done for valuation. Age of the car is a very important aspect which decides the resale value. With increasing age the resale value of the car undergoes depreciation. Day after day the automobile companies are coming up with new models. So the older the car becomes, the more outdated becomes the model. The age of the car also influences its drive-abilities. The speed lag, the suspension, the underneath and the cornering are the drive-abilities. The noise of the engine also an important as it generally tells us a lot about the health of the engine. Various car functions like the AC functions, the central-locking system, the power windows, Lights, indicators, steering, door-locks, and the braking abilities – all of these highly influence the valuation for used cars. Like the interiors, the exterior can also be checked for painting, dents and rusts etc. The age gives rise to another condition which is a deciding the price factor for the Used Cars. The usage, the distance travelled by the car or in other word the number of kilometres the car has travelled and the condition of the car. With increasing age and increase in the number of previous owners, the increase in the usage and the distance travelled is quite natural. And so the price decreases. Well, there are people who do not use their cars very frequently, so there are exceptions. Then there are people who maintain their car very well and as a result the condition of the car remains good, this fetches them a higher value for their used cars. Geography plays an important role and there are a few cars in India which have got a higher value than others. This is mainly because of the road conditions in India. The Mahindra Scorpio/Bolero, the Maruti Suzuki Swift, Honda Amaze, Maruti Suzuki Alto and a few others like this are favorites among Indians and therefore have a higher value during car valuation. The manufacturer company also has a major role to play. A few of the companies have a higher resale value for their cars. The higher segment cars have a much higher depreciation value and do not have a high resale value. Another very important factor which determines the price is the fuel efficiency it provides. The quality of the fuel used, the maintenance of the engine oils which affect the brakes, the clutch, and the overall drive-abilities are very important. A used car having higher fuel efficiency is going to have a higher value.
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December 2017
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