Wednesday, April 16, 2014

What determines your vehicle's trade value?

It’s true, loyal happy owners who embrace vehicles from companies with strong brand recognition, continue to push the actual resale value.  With fewer vehicles available or for sale, the greater the market demands them.  These vehicles are definitely perceived to have a greater value, due to the number of individuals looking to obtain them. 

You can contribute to your vehicle’s value by monitoring and limiting your kilometers, wear and tear and preventing accidents.  In the event that you do require putting on additional mileage, service records are very valuable when going for a trade evaluation.  Did you know that if you own a Toyota or Lexus, any service done in Ontario or Quebec could be reviewed at your local dealer?   This type of progressive, forward thinking by Toyota puts it ahead of its competition, and is a contributor to why these cars retain value.  The more information you can get about a pre-owned vehicle you are looking to purchase, the better!

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