How To Car Valuation: How Does It Work at a Dealership?

New Car Sales

A car’s value is an important factor, whether you’re thinking about selling a car or looking at buying one. Understanding how to car valuation with our online tools can help. We’re sharing how we determine a vehicle’s value at North Penn Volkswagen to give you an inside look.

What Is a Vehicle’s Current Market Value?

A vehicle’s current market value is its estimated worth. Typically, a vehicle is sold for its current market value, in addition to applicable taxes and fees. Dealerships also consider a pre-owned vehicle’s market value when buying one, although they also factor in a profit margin, as well as the costs of reconditioning and selling the vehicle.

What Factors Affect a Car’s Value?

There are many factors that go into a vehicle’s estimated value. When it comes to new Volkswagen models, the cost is determined by the vehicle’s make, model, and trim level, as well as current market supply and demand. With a pre-owned vehicle, however, there are multiple additional factors such as:

  • Vehicle’s age
  • Current mileage
  • Vehicle’s condition (both mechanical and cosmetic)
  • Vehicle’s service history
  • Any accident history

How Do We Determine the Value?

Our technicians are trained and certified to care for Volkswagen vehicles, so we know Volkswagen vehicles inside and out. When you bring a vehicle in to sell or trade, we carefully assess it, looking for any potential issues, as well as checking the vehicle history report. We also utilize online valuation tools, such as Kelley Blue Book, to see the current estimated value and demand for your vehicle.

How Can I Improve My Vehicle’s Value?

The way you care for your vehicle is arguably the biggest factor when it comes to your vehicle’s value. Make sure that you follow the manufacturer’s recommended maintenance schedule and keep copies of your service records.

Keep your vehicle stored in a garage, when possible, to avoid exterior damage and wear. Also, if you do need repairs or replacements, make sure to utilize genuine Volkswagen parts.

Visit Our Colmar, PA Volkswagen Dealership to Trade In Your Vehicle

If you’re in the market to sell your vehicle, we’re your go-to. We buy quality pre-owned vehicles of all makes and models. Visit our Volkswagen dealership in Colmar, PA to get started today!