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recall rates

Money Matters

What Factors Affect the Resale Value of a Car?

December 21, 2018
Car-Resale-Value
I heard through the grapevine that you’re considering selling your car to a dealership or private buyer. Congratulations! But although you may be ready to grab a new set of car keys, the real question remains: is your vehicle ready to be sold? To get the most money out of your car, it’s important to understand the factors that go into determining its resale value.

Vehicle Brand

Brand reliability and dependability plays an important role in deciding vehicle resale values. Most people who are looking for a used car opt for brands with great reputations, such as GM, Toyota, and Hyundai. These automakers typically design models that have few technology defects, require little maintenance, and are rarely recalled (see “Recall Rates” section below).

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