The resale value, as the name suggests, is simply the amount that the vehicle can be sold for, after taking depreciation into account. To find the resale value, there are websites, such as the Kelley Blue Book site, that can provide an instant free quote of your car’s value after ...
When deciding on the best way to sell a car, it helps to consider your goal. If you’re ready to put in a little effort, then selling your car privately may put more money in your pocket. Or maybe you want that clunker out of your driveway as soon as possible and don’t care ab...
How to Avoid Depreciation in Your CarKari Hoopes
We walk you through the steps a smart car buyer should take to remove intimidation from the process and end up with the best deal on the right used car.
Find out the estimated value of your car Before you decide how you want to sell your car, it’s important to know how much it’s worth. There are several online resources available that will provide you with theestimated value of your vehicle. ...
The lost value is what is referred to as the diminished value. It is the difference in your car’s value or market price before and after an accident. Diminished value is, therefore, different from depreciation, a reduction in your car’s value over time. Depending on the circumstances of...
Insurance rates for new cars are also higher, reflecting the initial value that’s lost quickly in the first year of a car’s life. For some, the rapid depreciation rates of new cars may be a reason to avoid buying new and opt for a used vehicle instead. Others choose to lease ...
For example, if a car manufacturer decides to put a TV screen in the back trunk of a vehicle, probably nobody will use it or find value in it. Even more, it will cost resources, and it will increase the end price of the product for something that customers are not willing to pay ...
How to get a business auto loan Find the right vehicle. This means not only the type of vehicle that fits your business’s needs, but also one a lender will approve. For example, if you want to finance a used car, many lenders will have specific mileage limits and won’t approve a ...
car selling What to read next What is car depreciation? Read through the article and learn more about factors that can affect the car’s value and depreciation. This article is for educational purposes only and provides general auto information. The material is not intended to provide legal, ta...