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Latest News & Articles Car Rental In Uganda. Staff Writer 26 March 2017. The first and the most important factor when determining the price of a used car is mileage. Pre-qualify for a car loan in minutes — no impact to your credit score!Learn More. 1. With us, you will make more money on the sale of your used vehicle while saving a huge amount of time in the process. Read on to learn about these factors, and how they can affect a car's value. If you are a seller looking to fairly price your used car, you know how appraisers at car dealer lots can nickel and dime you. Most bumper-to-bumper warranties expire somewhere in that range and it’s the point when most cars are returned to the dealer. Another tip: Remove those old bumper stickers! Other than your age and driving record, the type of vehicle you are driving affects your motor insurance premium too! Depending on the market, there could be other factors such as currency exchange rates, environmental concerns and political instability.The fluctuation of price also differs from market to market. The residual, or resale value of a car is the value of the vehicle as it depreciates with time. You can avoid all of the hassles normally associated with selling your vehicle and use our free online valuation tool. So, we sat down with the lovely chaps and chapesses in the Used Car Buying Team at Evans Halshaw HQ and … Options, location, and color also playing a role. instamotor's free app helps you find used cars for sale. If a car is running rough or sputtering smoke, it will likely have a much lower value than a car that is running smoothly and quietly. Main factors affecting price determination of product are: 1. Identify the factors that affect the total price for a car including the interest rate, the length of a contract and the size of a down payment. Even though modern cars are really just reaching the prime of their life due to better parts and engineering, at the 100k point, the market simply thinks that a car with 100,000 miles on it is soon to be headed for the junkyard. Most vehicles on this scale will fall into Grade 3 which NAAA describes as “normal wear and tear including parking lot dings, small scratches, chips and minor broken parts.” Kelley Blue Book uses four categories of grading that ranges from Excellent to Poor—and all include some measure of exterior and interior damage. Asked by Wiki User. Pricing objectives are the overall goal that describes the role of price in the organization long-range plans. A potential buyer won’t pay a lot of money for a car that has crossed 150,000 miles, but they will consider giving more money for a vehicle with 20,000 miles, for instance. Your used car might be in mint condition, but don't be surprised if you're not getting the value you want for your car or if fewer buyers are interested if you have 200,000+ miles on your car. Information on risk factors that affect car insurance rates are collected by the insurance company as you fill in a quote form. What are Dealer Fees & Which Ones are Negotiable? What factors affect the selling price of a used car? Product Cost 2. We suggest that you stick to the classic car colors; white, silver, or black. Then you have to think about they kind of car it is. Many factors can affect resale value and if you stay informed, you will be able to achieve the maximum dollar amount for your car before buying a new car or selling a used car. Investigating the Factors that Affect the Price of a Second Hand Car Introduction I am going to test which factors affect the price of a second hand car using a variety of different statistical techniques. 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