Factors That Influence The Trade-In Value For Cars

Age Of The Car

Men, no matter how well you have taken care of your car and kept it maintained, its age is another factor that will impact the trade-in value! Repairs and new parts won't help when factoring in the model year of your trade-in car to figure out its value. Why? Within the first year of your car's life, its value depreciates quite a lot. After this first year, the drop in value is a bit more gradual. However, the value will continue to drop quite a bit for the first 7 years of the car's life, though it gets a lot slower after that. The age of the car is a big part of determining the trade-in value. It's because it helps the dealership figure out how many years of use the car has left and what its future repairs could be.