Drivers searching for pre-owned cars in Panama City, FL may be looking to sell or trade in their current vehicle. However, there are several elements that could change your car’s resale value for better or worse. Courtesy of the John Lee Mazda team, here are seven factors that affect the resale value of a pre-owned car.
Mileage
Mileage is often a key factor for buyers looking to purchase a certain vehicle. Generally, the more miles clocked on a pre-owned car, the less resale value it typically has.
Age
As a car gets older, its value will inevitably decrease. Older models won’t have as much value as newer ones because their features are more outdated.
Interior Condition
It’s always best to clean your car’s interior before selling it. Interior stains or smells may lower your vehicle’s value.
Body Condition
Any damage to the exterior of your vehicle can lower your car’s value. That’s why it’s important to repair any surface dents or paint scrapes.
Maintenance History
Has your vehicle been properly maintained? Regular service and maintenance can boost your vehicle’s resale value.
Accident History
If your vehicle has been in an accident, its resale value might be affected. Even if the accident happened before you drove the car, it still will mark the car’s history.
Economic Factors
The general automotive economy can also affect your trade-in value in some ways. Economic trends can influence prices on all cars, pre-owned or otherwise.
Browse Pre-Owned Cars in Panama City, FL
Looking for an estimate on your current vehicle or want to browse pre-owned cars in Panama City, FL? Contact John Lee Mazda today to see what models we have in stock, or get a trade-in value estimate on your car.
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