Determinants Of A Car's Value Car valuation can be described as the course of determining the current price of a vehicle based on its condition at that particular time. Normally, car valuation is determined after careful consideration of some factors. In discipline, as a car gets older so does its price depreciates. However, the rarest of cars are very highly priced irrespective of their date of manufacturer. Therefore, the value of an automobile is influenced by some factors. The most common factor used to determine the value of a vehicle is its year of production. Usually, vehicles produced only recently sell much higher than those that were manufactured many years ago. This is due to the fact that a car manufactured a decade ago has been utilized longer than one developed a couple years back. When the two vehicles are compared, the recent one is found to have highly sophisticated and modern systems that make it qualify to be sold at a very high price. A Quick Overlook of Automobiles - Your Cheatsheet Vehicular brands also dictate the value of an automobile. Vehicles manufactured by companies that are well known in many countries fetch higher prices than those produced by local companies. In such an instance, it is the brand name that sells the vehicle and thus makes it be priced higher. Services - Getting Started & Next Steps During car valuation, the physical condition of the automobile is greatly put into consideration. In this case, both its engine and body is analyzed. Any damage to the body of the vehicle would substantially lower the price of the automobile. The better the transmission and mechanical power, the higher the value of the vehicle. Color is also another determinant when it comes to car pricing. Basically, vehicles painted in ordinary colors fetch lower prices. On the other hand, cars that have custom paint work on their bodies are sold at high prices. Mileage is another factor greatly considered when setting the price for an automobile. In discipline, vehicles with low mileage are highly priced as compared to ones that have very high mileage. This is due to the fact that a higher mileage means that a car has been in use for very long. This also means that it has undergone a lot of wear and tear over the years and therefore it does not make much sense to sell it at an extremely high price. Finally, car value is dictated by the level of maintenance that particular vehicle has received from its owner over the years. To ascertain this, the current engine condition of the automobile is counter checked with the service records. Therefore, car value is determined by some factors. Proper use and maintenance of an automobile is the only way that will ensure that it does not completely lose its market value.