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Read moreHow to estimate how much your used car is worth?
How much is your used car worth? If you are thinking of selling your vehicle, you have probably reflected on this very question.
But how can you estimate how much a used vehicle is worth? What is the criteria to be taken under consideration? Other than the brand, the model and the year, other factors must be considered. Our team of experts on used vehicles, at Longueuil Toyota, on the South Shore of Montreal, close to Boucherville and Brossard, gives you more information and advice!
The general state your pre-owned car is in
Are there traces of rust? Scaling paint? Bumps and scratches? Is the interior like new or are there some rips and tears on the seats?
All of these little details can easily make the value of your used car climb –or drop-, and have a significant influence on its price.
Mechanical parts and other components
If your vehicle suffers from mechanical or electronical problems (engine, transmission, air conditioning, etc.) that can greatly affect its value.
The mileage on your used vehicle
We generally consider that a vehicle puts on 20,000 kilometers on the odometer per year. Do you usually average more or less? This can also have an impact on the value of your vehicle.
Vehicle year
Unless you own a 1953 Corvette or any other classic car, a vehicle loses value with age. This means that a 2006 Corolla will be worth a lot less than a 2018 Corolla!
Toyota Corolla XSE 2017
How to know how much your vehicle is worth?
So how much is your used car worth? You are probably wondering exactly this. Different tools are available to you to get an estimate for your vehicle, considering all of the factors mentioned above.
In fact, you could take a look at the Canadian Black Book to get a free estimate of how much your vehicle is worth. However, this tool only gives you a more generalized price range for you to work with, or a general idea of how much your car is worth.
The Canadian Red and Gold Books also work in a similar fashion, but you will have to pay a certain price according to the chosen membership. You will, however, have access to more features.
Finally, the CARFAX site can also give you a good idea of an average price range for cars that are similar to yours, in terms of brand, model and year. However, they do not take into account mileage and wear and tear.
2017 Toyota Corolla IM-1
In Conclusion
Different tools for vehicle estimates are available to you so that you can get a general idea of how much your used vehicle is worth.
But for a more precise estimate, it is a good idea to refer to specialists, like those you will find at your Toyota Longueuil dealership.
Moreover, once you are here, get more information on our exchange and Toyota financing policies. The Toyota Canada website will also give you loads of information on this subject!
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