How the Price of a Used Car is Set?
You always want the best deal when buying or selling your used car. You will search in newspapers or approach the auto dealers or browse through the internet to find the used auto price. Since you do not want a decision that would end up losing money, you should know how the price of a used car is determined.
If you are a buyer, you would probably look for less price tag. On the other hand, a seller wants to get the most value for his used car. Whatever your purpose is, it important to know how the price value set for a used car. An important factor that most people look for a car is the mileage. Higher prices will be charged for used cars that covers higher mileage. However today, it has become common that people prefer a used car that has good conditions rather than mileage. The price is based on how the vehicle currently operates. One has to pay more for the used car that is less subjected to wear and tear. Before setting the price, the vehicle is inspected well for any damages and failures.
Used cars having extended warranty are a bit expensive when compared to regular ones. The warranty will be beyond the original factory range. Usually late modeled cars with no history of damage are chosen by the manufacturers for this purpose. A series of tests and inspections are conducted to ensure the car is in good condition. Any repairs within that period will be accounted by the dealer itself. Brand and model are other factors that determine the price of a vehicle. The popular brands are paid more as the buyers will be more willing to get one.
You cannot expect the same current price for the next few years to come. It varies when the trend keep changing with the changes in the above factors.