The key areas that impact the value of your car are:
Cars with low mileage are typically more valuable. The average U.S. car driver drives between 13,000 to 15,000 miles per year
Chips, dents, and scratches are part of driving. It happens. Being clear and up-front about the condition of your car enables an accurate price to be identified quickly. MotorTango helps you capture the condition of your car through our easy-to-use photo process and online questionnaire.
The value of a car with a full-service history in line with manufacturer recommendations will likely be higher than the same car with a partial or missing service history.
Number of previous owners
Typically, the fewer number of owners, the better it is for your valuation. However, it is not uncommon for a car to have one to four owners in an eight-year period.
Color can play a part in the valuation of your car as some colors are more desirable than others. This will be reflected in the price of your car. Neutral or standard colors such as blue, gray, or black are popular and sell in high numbers in the used car market. Purple or orange cars may not be as sought after and therefore have a lower value.
The car’s location may impact the valuation – vehicles in remote locations are more costly for the dealer to collect.
Insurance write offs
Your valuation will be reduced if your car has been involved in an accident. If your insurance company assigns an accident category status with a single letter, it indicates that it cannot be fixed economically and your car may be worth more as parts or by selling it for scrap metal.