A car’s trade-in value is determined by how sought-after it is in the used car market. A car that is in good condition, has not had multiple owners, and has an accident-free history, will have a good trade-in value. One of the most significant factors in value is whether or not it was regularly and correctly serviced. If the owner had an extended auto warranty then it was probably serviced regularly and correctly because the owner didn’t need to pay for many of the repair costs.
Appraisers determine the value of a car that is getting traded-in based on many factors. They will take into consideration whether or not maintenance was regularly performed on the car and also any major repairs that had been performed. Cars that were under warranty usually have less mechanical problems because the owner didn’t worry about repairs being performed in a timely manner. This is due to the fact that the warranty covered the repair costs. Dealers want to sell these cars on their lots due to their reliability, and this is important to consumers who are looking to buy a used car.
To be certain that your car has a good trade-in value, maintenance your car on a regular basis and get necessary repairs performed in a timely manner. In order to avoid excessive repair and service costs, it is smart to purchase an extended warranty.Relevant Tags: auto warranty, extended auto warranty, extended warranty, warranty