Knowing how much your car is worth is important when it comes to getting an accurate quote on your insurance, when you need to know how much your car is worth following an accident, or to make sure you are getting your money’s worth when it comes to selling your car.
Do it yourself
Whether you are buying a new car or a used car, the value of your car depreciates over time. You can work out how much your car is worth by estimating how much it has depreciated in value. As a rough guide, new cars that cost £13,000 will depreciate by about £1,190 a year, between £13,000 and £18,000 by about £2,156 a year, £18,000 to £25,000 by roughly £2,611, £25,000 to £32,000 by roughly £3,672 a year and vehicles over £32,000 by about £6,974.
There are lots of different websites that offer free valuations of your vehicle based on the variety of the car and the mileage, but these can only be used as a rough guide to what our vehicle is actually worth as the actual value of your vehicle is based upon the condition of your car as well as the market demand.