When you think about what could affect the value of your car, one would immediately say the year it was built or how many kilometers it has driven. In fact, many different things, positive and negative, can change the value of your car, and even a lot!
What can increase your car’s value
Damages: how much damage the car has? A little or no damage/marks can fetch a high price.
Complete Service History: Potential buyers can see that the car has been regularly serviced and maintained.
Colour: Some colors will certainly be more attractive to future buyers than others. Since different colors are popular on different models, it’s probably not worth spraying on a repaint.
Additional optionals: Extra features like a satnav system, a dash cam, a rear-parking cam, or a multimedia system can get a much higher selling price.
How and where the car is sold: Selling your car through a portal like Confused.com means getting a quick and easy sale, with minimal effort, and possibly a better deal than a private sale.
What can reduce your car’s value
Modifications: Generally, cars that have not undergone modifications are preferred by buyers. Or, they may not discourage potential buyers, but some insurers may refuse to insure a car with certain modifications
Wear: Most people will tend to expect some wear and tear in a used car, a stamp, a stain, or even just a small mark on a bumper. In some cases, when it comes to selling, it may be necessary to replace or repair damaged parts, to facilitate the sale for certain sums.
Broken car parts: Similarly, if a car needs repair or parts replacement, it will have a negative effect on the car’s value.
No updated MOT: Out-of-date car documents, such as no current MOT certificate or gaps in the car’s service history, can have just as bad an effect on a car’s value as physical damage.
Number of previous owners: The more owners a car has had, the less the car will be worth, as a general rule.