What determines the market value of your car?

Aside from your home, your car is usually the second-largest purchase you'll make in your lifetime. Consequently, it's crucial to understand what influences the market value of your car as it depreciates over time.

readiness_scoreOdometerThe higher the kilometres travelled, the less your car will be worth
date_rangeAgeYour car's market value will diminish for every month that passes
airport_shuttleType of CarWhether it's a SUV or is made by a Luxury brand, the type of car impacts its market value
car_crashConditionDoes it have lots of scratches and dents? Or is it like brand new?
distanceLocationWhere the car is in Australia influences its value
ac_unitTime of yearDid you know that cars usually sell for less in winter?
precision_manufacturingCar SupplyCars in high demand but low supply have stronger market values
groupWho is buying or sellingSelling to a dealer or buying privately? Who is involved will determine the final price

Whether you're purchasing a used car now, looking to sell or trade-in your current car, or considering used car financing options, being knowledgeable about the factors that determine the market value of cars can help you make informed choices.

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