Download - What Affects a Car's Resale Value
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What Affects A Car’s Resale
ValueOpen Book Autos
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Climate
• Used cars with 4-Wheel Drive are easier to sell in places like Utah that see harsh winters and excessive snow.
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Color• More common colors such as black, white and
silver tend to sell faster. While fun colors may be fun for certain cars, most people prefer standard colors.
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Options and Upgrades
• People in Utah like things such as sunroofs, heated and leather seats and improved sound systems in used cars, which can mean higher resale values.
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Area• Resale value can decrease for cars being sold in
areas that aren’t fitting for their geographical area. For example, smaller cars sell better in areas that are more heavily populated.
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Upkeep
• Maintenance and upkeep are things that can’t be ignored with cars, but if a car requires more than usual, it can be a big turn off.
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Technology
Technology such as navigation systems and MP3 compatibility are highly sought after in used cars.
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Interior Condition• Used cars shoppers appreciate a clean interior.
Torn seats or nasty stains can greatly decrease resale value, while clean interiors can increase resale.
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Exterior Condition
• Utah drivers look for cars that haven’t been eroded from salt and harsh weather conditions. As well as cars that haven’t covered in door dings, dents and scratches.
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Mileage
Used cars with low mileage are favored more because it’s likely they will last longer than those with
ridiculously high mileage.
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Transmission
• While some people may enjoy a manual transmission, most used cars shoppers prefer an automatic transmission these days.