How much is my car worth?
If you're wondering 'how much is my car worth?' - you've come to the right place!
Finding out just how much your car is worth is important for many reasons,
not just for when it comes to selling your car. You might need to know how much your vehicle is worth for car insurance purposes or maybe it's just out of interest?
Whatever your reason for wanting to know how much your car is worth, this page can help you figure out exactly the depreciation of your vehicle over time - broken down into petrol or diesel cars.
To work out the true value of your car you're going to need to know three things:
- The history of your vehicle
- Its condition
- The current market value of your make/model
Let's get it into perspective
We all know that the value of a car drops dramatically once you drive it off the forecourt - but just how much of its value does it lose in its first year?
The AA reckons that by the end of its first year, the car will have lost around 40% of its value. That's a large portion of value gone in a very short amount of time.
But what about after three years? The AA reckons your car will have depreciated in value by 60% - as the years go by the depreciation plateaus.
We now know roughly how cars depreciate in their first few years but what happens to the value of your car after this point? The infographic below from HPI helps map out the depreciation of
vehicles split into diesel and petrol variants.
How can you minimise the depreciation of your car?
There are a few things you can do to ensure your car retains its value for as long as possible. One of the most important things is to keep up with your manufacturer servicing guidelines.
Keeping on top of the servicing means you can prove to any future buyer that your car has been regularly maintained. What else can you do to minimise the depreciation of your car?
- Keep the car in good condition
- Keep your mileage low
- Promptly attend to any repairs needed
- Keep a comprehensive service log
Value my car today
At Money4yourMotors, our online valuation tool provides you with an instant pre-inspection valuation for your car. Fill in our short form to receive your valuation today and find out how
much your car is worth.
How do I sell my car with Money4yourMotors.com?
Firstly submit your registration on the homepage and click on the 'Get Valuation' button. Our system will then fetch your car's details for you to check. We then just need a few additional details
from you including the current mileage of your vehicle and contact details. Once you have submitted the required information an initial on-screen valuation will immediately be calculated for you.
If you are happy with the valuation offered you just need to click the accept button and one of our team will call you back to arrange a full inspection of your vehicle where a final offer will be
calculated based on the vehicle condition, mileage, paperwork and current market prices.
Our policy is that 'we come to you' and so this appointment will take place at a time and place convenient to you.
If you choose not to accept the final price offered and re-book an appointment with us, then it is company policy on any re-visit to inspect the vehicle again. We carry out this secondary inspection
to cover ourselves in case there were any missing parts, new body damage, new mechanical issues, wheels and tyres being changed etc.
To read more about this please refer to our Terms & Conditions, section 4.
Ready to start your car selling journey? Get your valuation below.