Seasonality – Market conditions, time of year, and demand can influence a cars value. For example, there is high demand for convertibles in summer months and high demand for SUV’s on winter months.
Previous Owners – Usually, the less owners a car has had, the higher its value. Cars with less owners generally tend to be maintained more regularly and have a consistent driving history. Whereas, cars with a higher number of previous owners will tend to have been subject to various levels of care and a wide range of driving styles, which may negatively impact the condition of the car.
Service History – A car with a complete service history indicates that the car has been maintained regular, while a missing or incomplete service history may indicate that the car has not been maintained regularly, thus affecting the resale value.
Mileage – Mileage is an important factor when determining the value of a car, as it indicates how much wear and tear the car has been subjected to. There is generally less wear and tear on low mileage cars, therefore it is less likely that these cars will require new parts, and the less the value is likely to have depreciated.
Damage – aesthetic and structural damage can affect the value of a car as it can be expensive to repair. To ensure your quote is accurate, you can disclose any damage to your car during the online valuation process.
Optional Extras – There are several optional extras, fitted when the car was new, that can positively impact the desirability and value of your car. This can include upgraded alloys, metallic paint, built in satnav, and heated seats.
Modifications – There are modifications that can increase the value of your car. However, in most cases, modifications will likely negatively impact a cars value