Dealer Locator
Please enter a valid postcode

10 Things That May Affect Your Vehicle's Value

The depreciation on used cars can vary quite a lot, especially considering that no two cars are driven the same. Countless factors can affect the value of your used car, those of which have been assessed and organised by Evans Halshaw. Here are our top 10 tips that may help you keep the maximum value of your used car...

1. Age

This is due to depreciation, which unfortunately happens to most cars the older they get. Also, if a newer model or shape has been introduced, your car will depreciate, because it does not mirror the latest version.

Peugeot 508 Fastback 2018

2. Brand

Prestige brands such as Porsche or Audi will ultimately hold their value more than your everyday volume brands such as Vauxhall or Ford for example, who produce many more examples of the same car.

Peugeot 508 Fastback 2018

3. Condition

The poorer the condition, the less value the car holds. For example, the car is considered in poor condition if it has many dents, scratches, extensive damage to the interior or a missing trim piece. Used car buyers desire cars which are in 'mint' condition and will pay extra for a car with very minimal or no damage.

Peugeot 508 Fastback 2018

4. Mileage

The lower the mileage, the more desirable a car is, increasing its value. High mileage cars are more likely to require a costly upkeep in the long run, which is why they are worth less.

Peugeot 508 Fastback 2018

5. Service History

Though a part or mixed service history is important, a full-service history with an approved dealer is what holds the maximum value for your vehicle. Having no service history may extensively decrease your car's value. This is because there is no evidence of its previous maintenance.

Peugeot 508 Fastback 2018

6. Spec

The more features or extras a car has over and above its standard spec will essentially increase the car's value. Everyone loves an extra gadget that will enhance their driving experience!

Peugeot 508 Fastback 2018

7. Number of Owners

A high number of owners suggests that the car is not reliable, or the previous owners did not like it for some reason. This is considered highly unattractive to buyers, which is why it affects its market value. Depending on the age of the car, 1 or 2 previous owners is most desirable.

Peugeot 508 Fastback 2018

8. Rarity

Exclusive and cherished cars such as the BMW 1M for example, can often appreciate in value, even with it being evidently used. If a car is considered rare or had limited production, it is usually worth more, because it is more desirable.

Peugeot 508 Fastback 2018

9. Size

Larger cars with bigger engines tend to depreciate heavier than smaller cars, with fewer people willing to put up with the more expensive running costs.

Peugeot 508 Fastback 2018

10. Reliability

This is usually down to the reputation of the car and/or the brand of the car. Speculation about the unreliability of a car, can affect the value of it. Vice versa, if a car is known to be reliable, it will hold its value.

Peugeot 508 Fastback 2018

If you're interested in selling your car hassle-free, then you can through your local Evans Halshaw dealership. We can also provide you with an indicative figure for your used car beforehand through our online system.

 Sell Your Car

Evans Halshaw Services