What Makes the Price of a Used Car Go Up or Down?

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The topic of discussion about car prices is indeed quite interesting to always discuss. Both the price of new cars and the price of used cars. Used cars are generally cheaper. Some people even get used cars at prices far from the market price of used cars.

What Makes the Price of a Used Car Go Up or Down?

Factors that affect the price of used cars

These different prices are often confusing. Many people are in a dilemma because one used car is much cheaper than another used car, even though both cars have the same type of car and the same year of production. Buyers must of course be observant in determining negotiations with car sellers. Several factors need to be understood so that buyers are satisfied because the price is comparable to the quality of the car. Here are some factors that affect the size of the price of used cars.

Year of manufacture

Cars with the latest year of manufacture generally have a higher price. From the year of manufacture, buyers can estimate the age of the car. A fairly old car certainly has the performance of a new car. However, in certain cases such as classic cars with limited output, it is likely to have a higher value.

Car condition

The mechanical condition of a car will certainly affect its selling value. A car that has regular maintenance will be more expensive than a car that has mechanical problems. Not only the mechanical condition, the selling value of a car is also determined by its physical condition. A car with a physical defect or a collision, scratches, will decrease in value even though its mechanical condition is in good condition.

Mileage (KM)

The mileage of a used car will also affect the selling price. The lower the mileage of a car, the higher the price. Cars with high kilometers can be cheaper because the components are likely to be worn out.

Brand and model

Some car models that have a reputation for reliability and durability since the beginning of production will be easier to maintain a high selling price. For example, Honda, Toyota and BMW. Other cars that have popularity and rarity are also very likely to have a fairly high price.

Availability of spare parts

Used cars whose spare parts are easy to find and affordable tend to have stable market prices in the used market. Cars with rare and hard-to-find spare parts will make it difficult for buyers to maintain their cars. This is why cars with rare spare parts will have a much cheaper selling price.

Color

This may sound a little silly. But there are many people who go to buy a car because of the color. Cars with neutral colors such as white and gray tend to be more in demand. While certain colors such as blue or yellow will be more difficult to sell. However, it is possible that cars with rare colors will get a higher selling price.

Geographical location

The price of used cars will also be influenced by the location of the sale. In mountainous areas, for example, cars with a 4x4 size have a higher price.

Why is this important?

The above factors are important to know. This is to achieve the goal of negotiation when making a car buying and selling transaction. The goal is for the buyer to receive a price that matches the condition of the used car. And the seller also does not mind this. In addition, this can help buyers to be more careful and careful before making a used car buying and selling transaction. Given that used cars definitely have shortcomings. Don't forget to test drive before buying a used car :)

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