If you are looking to buy or sell a used vehicle, its appraisal can be very helpful. Taking many factors into account, the estimate provides a unique picture of the current value of the vehicle.
Not sure what to expect from the appraisal process? You can look for a service and turn more online traffic into test drives via Price My Car for a free test drive.
Here you can find out what factors affect vehicle ratings.
Mileage and conditions:- One of the main factors that affect a car's rating is the mileage. How many miles a vehicle travels can have a significant impact on how many cars can be sold. The fewer kilometers the car travels, the better.
The average mileage is between 10,000 and 14,000 miles per year. So if the vehicle has traveled less than 10,000 miles, it is considered low mileage. A car that has been traveling more than 14,000 miles per year is considered a long-distance vehicle.
The condition of the vehicle also plays a major role in the assessment. Is it well observed? If modifications have been made to the car, this can also lead to depreciation, such as new wheels and a stereo system.
Current market value:- Another thing that the valuation takes into account is the current market value. If the model is in high demand, it will carry a much higher value than the less popular models. The economic situation will also affect the current price as well as the color of the car.