Brad Deery Motors - What Affects My Car's Value? Maquoketa IA When the time comes to sell your old car, you understandably may wonder, "What affects my car's value?" At Brad Deery Motors serving Maquoketa Clinton Davenport Quad Cities, we want you to get the most value out of your trade-in vehicle, so you can expect us to give you a fair offer. A used car’s value is influenced by expected factors, such as its age and condition. However, other factors, such as market conditions and more, may also play a role. Are you ready to dig deeper to uncover what affects my car's value in Maquoketa? Mileage Based on data from the Department of Transportation’s Federal Highway Administration, the average miles traveled in a vehicle ranges somewhere between 10,000 to 15,000 miles per year. Generally, a vehicle’s resale value may suffer if it has more than the average annual miles on the odometer based on its age. On the other hand, vehicles that have significantly lower mileage than average may have a slightly higher resale value. Keep in mind, however, that there is a difference between stop-and-go city driving and highway driving. Stop-and-go driving is far rougher on a vehicle’s overall condition. Condition and Accident History Our customers at Brad Deery Motors who ask, “What affects my car's value in Maquoketa?” are often not surprised to learn that a car’s condition can impact value. At our dealership serving Maquoketa Clinton Davenport Quad Cities, we look at everything from the condition of the fabric to the functionality of technologies, the presence of rust and dents on the exterior and more. To optimize the value of your trade-in, it may be cost-effective to make a few minor repairs before you visit our dealership. As you inquire what affects my car's value, be aware that prior accidents can also impact value. Even if a vehicle has been fully repaired, it may be less appealing to a potential buyer than a vehicle that has a clean history. Another important factor to consider is the vehicle’s features. Factory features, such as power windows and an infotainment system, can optimize value. Aftermarket parts, on the other hand, may lower value because they may not appeal to all buyers. Market Conditions and Fuel Prices Basic economic principles also impact vehicle value. Consider that the value of a used vehicle may be higher when the overall supply of used vehicles is lower. High demand may increase the value of a used vehicle further. A closer look at what affects my car’s value may also reveal that fuel prices play a key role. Consider, for example, that the demand for and value of fuel-efficient cars and electric vehicles may increase when fuel prices are higher. At the same time, the value of large trucks and SUVs may suffer. Reliability and Brand Appeal Many used car buyers are drawn to a specific brand because of its overall reputation. For example, some brands may have a positive reputation for being reliable. These vehicles may be in higher demand, so they may have a higher resale value than other makes and models in the same class. A brand’s reputation for holding its resale value and for being popular among consumers may also impact resale value. How to Maximize Your Car’s Value As you consider what affects my car's value in Maquoketa, understand that there are some steps that you can take to squeeze the most value out of it during the trade. For example, you can:
Provide documentation for all of the auto maintenance services that have been completed throughout your ownership of the vehicle.
Clean the upholstery frequently, including right before you visit our dealership serving Maquoketa Clinton Davenport Quad Cities for the trade.
Focus on keeping mileage down. This can help to improve the value and to minimize the risk of accidents. What Hurts Your Car’s Value? At Brad Deery Motors, our customers often ask about the factors that can decrease value. These include: Dents, dings, rust and scratches Mechanical issues with the suspension, transmission or engine Smoking in the vehicle Signs of poor maintenance, such as worn tires or brakes, burnt headlamp bulbs and more You may have already researched the value of your trade-in vehicle, but you understandably want to get a firm offer. Our team is available to inspect your vehicle as a first step, so reach out to us today to request an offer. Also serving Davenport, Bettendorf Iowa, and Rock Island Illinois. *For general informational purposes. Please contact the dealer for current details. Request more information
