Does the model year of my car affect the selling price?

If you’re thinking about selling your car, one factor you’ll want to consider is the model year. The model year can play a significant role in how much you can sell your car for, as well as how quickly it will sell.

It is important to understand what the model year means. The model year refers to the year that a particular car model was first released. For example, if you own a 2020 Honda Civic, the model year is 2020. The model year typically corresponds with the calendar year, but not always. Sometimes, car manufacturers release new models early, in which case the model year may be ahead of the calendar year.

So why does the model year matter when selling your car? One reason is that newer cars generally hold their value better than older cars. This is because newer cars are typically in better condition and have fewer miles on them. Buyers are willing to pay more for a car that is in good condition and has low mileage, so if your car is newer, you may be able to sell it for a higher price.

Another reason the model year matters is that car technology is constantly evolving. Newer cars often have more advanced features and better safety ratings than older cars. Buyers are often willing to pay more for a car that has the latest safety features, such as lane departure warning or blind spot monitoring. If your car is a newer model, it may have these features and be more attractive to buyers.

That being said, there are also some downsides to selling a newer car. For one, newer cars are often more expensive to purchase in the first place, so you may have more money tied up in the car. Newer cars may be more prone to depreciation, which means that their value may decrease more quickly over time.

So what can you do to maximize the value of your car when selling it?

One thing is to keep it well-maintained. Regular oil changes, tire rotations, and other maintenance can help keep your car in good condition and make it more attractive to buyers. Additionally, consider selling your car before the next model year comes out.

Ultimately, the model year of your car is just one factor to consider when selling it. At Gone in 60 we look at various factors, such as the car’s make and model, mileage, and overall condition, which also plays a role in determining its value.

At Gone in 60 we make the selling process a pleasure. If you are in the process of selling your car, irrespective of the model year of the vehicle, contact us so we can help you get the best value for your vehicle within 60 minutes.

× Let's Chat