My Car’s Worth What? Factors that Affect the Price of your Vehicle

When looking to buy your next car or sell your current vehicle, there are factors that will affect the price. These factors can range from being under your control, like condition, to out of your hands, like economic climate. Keep these points in mind when looking to buy or sell for your best price.

Appearance is Everything

A vehicle in great shape that looks good will be worth more. This is a factor that you can control by keeping your car well maintained both inside and out. A car with a clean interior and sharp exterior will fetch a better price when selling. By vacuuming the floorboards, wiping down the upholstery and washing the body, your car will not only look sharp, but impress a possible buyer. If you’re purchasing and can live with a less-than-mint-condition appearance, you may find a nice price like you would imperfect clothing at an outlet store.

Mile Marker

The common thought is that when you drive a car off the lot it’s immediately worth less. While this true in the sense of depreciation, a vehicle with lower mileage will catch a better price when selling and will be closer to average price when buying. It is almost impossible to know how many miles you’ll drive in any given year as outstanding circumstances can play a role in how often and how far you drive. Just be mindful that in both buying and selling, fewer miles usually mean a higher price.

The Four Seasons

You won’t necessarily want to drive a convertible in December unless you live in southern California or South Beach. Likewise, most buyers aren’t really looking to buy an off-road 4×4 utility vehicle equipped for snow in the middle of summer. While, yes, there are exceptions to this, you’ll be more likely to get a better price and sell faster if you sell in the proper season. When buying, compare our dealerships’ deals with the time of year to find the price you’re looking for. Also, be sure to ask us if we are currently offering tax refund specials or model year end specials based on the calendar!

Supply and Demand

Simple economic principles are in play with this factor: a rare car is worth more and a common car less. This is simple supply and demand in the market. However, a car with high demand allows a seller to charge a better price because the buyer is willing to pay more to get it. Some vehicle models are mass produced but are well made and in higher demand, allowing for a higher price. If you’re buying and really want that specific vehicle, be ready to pay more than if you are choosing between multiple models.

It’s the Economy, Stupid

You’re not stupid, that’s why you’re here – but it is about the economy. This is one factor that is really out of your hands. If selling, you probably won’t get the best price for that 12 mpg gas guzzler when gas prices are high. On the other hand, you’ll have more people willing to by that fuel-efficient vehicle in the same time period. The economy fluctuates so it may just be a matter of time before prices are what you want. But, when buying, some dealerships may offer incentives based on the economic climate, gas prices or other situations allowing you to get the best price.

Click here to shop our current new car specials, and to request a price quote on a particular model!

Come and see why All Star’s integrity and extraordinary customer service will prove to be second to none. Whether you’re looking for a new or pre-owned vehicle, we look forward to sharing our vast knowledge of the automotive industry with you, your family and friends.

At All Star Automotive, we offer a wide range of automotive services to make every step of your ownership experience as easy as possible, whether you’re shopping around, or need repairs from certified experts.

To help you find just what you’re looking for, our new inventory and used inventory search provides plenty of options. And when you’re ready, quick credit approvals and online financing help make your purchase go smoothly and efficiently. You can also schedule your service online and get the expertise of one of our factory-trained technicians. All these options are available at Baton Rouge’s favorite place to buy and service vehicles – All Star Automotive!

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