What should you do if you want a car but don't have the money for it? You adjust to two strategies: the first is patience, and the second is seeking an alternative. And if you consider your options, a used car immediately springs to mind.

What Fuels The Growth Of The Resale Car Market?

Undoubtedly, they are making a wise choice. The growing volume of used car sales has been attributed to a number of factors, including the inability of consumers to purchase new cars. These factors are complemented by the investments made by industry participants to build out their dealership networks in the market.

Besides, there is a plethora of online platforms that have enhanced the limits of access for people living a distance from each other. The demand for used cars has significantly increased as a result of a number of these developments.

However, there are other hidden facts that are dominating the space of the growing market for reselling. Affordability, the availability of used cars, and the growing demand for personal mobility are additional factors.

The global used car market was estimated to be worth $1.5 trillion in 2021, and from 2022 to 2030, it is anticipated to grow at a compound annual growth rate (CAGR) of 6.1 percent.

But such a purchase comes with significant issues. It needs a proper evaluation of the appropriate value of a used car. It becomes evident when you buy a car directly from the seller without using an intermediary.

However, you can purchase a used car from a reputable dealer and receive it with the dealer's warranty. Discussion in this article centres on the elements that can significantly affect a car's market value.

Car’s Condition and Mileage

Quite common yet equally important, a car’s condition plays a major role in the valuation of a car. However, one can look for a deeper understanding of the factors that determine a car’s value. A car is assessed by looking at its exterior, interior, and, more importantly, the engine. It also includes a quick check over the tyre conditions.

While inspecting the engine, it is necessary to look for leakage, corrosion, and worn hoses. Moreover, it requires a check on oil and transmission fluid using a dipstick.

However, a car’s exterior should not possess dents, scratches, as well as paint issues, etc. And, the interior should have good quality upholstery, while there are electronic accessories to look out for. But, one factor that dominates the car's valuation alongside the engine is mileage, the distance a car has covered till now.

A car with a high mileage will probably have a lower valuation than a car with a lower mileage, even if it appears to be in perfect condition. Simply driving less is one of the best ways to maintain the value of your vehicle.

A car that has run sufficiently is surely prone to more wear and tear in the future. However, it is easy to keep a vehicle intact for a long time, but there will always be a need for quality services such as car engine repair and car transmission repair under one roof. And, Service My Car facilitates these requirements easily.

The Type of Vehicle and Style

This makes it clear why some car models are better suited to certain geographical conditions. For instance, SUVs are preferred in colder climates and on rougher terrain. In contrast, sedans are preferable in urban settings.

Fuel economy is another crucial element. When gas prices are high, efficient cars tend to hold their value better, while less efficient cars tend to do better when gas prices are low. The demand for vehicles is also influenced by the colour of the car.

Proper Maintenance Records

Since a well-kept car always proves to be a good friend over time. However, it directly affects a vehicle's resale value. If you don't replace or fix a car part, it will undoubtedly seriously affect other crucial components of your vehicle.

However, these things come to notice when one opts for the car pre-purchase inspection of a vehicle. Nevertheless, the history of maintenance plays a big role in how much a car depreciates. Poorly maintained vehicles deteriorate more quickly than vehicles that receive routine car maintenance and upkeep.

There should be no hesitation of asking for the maintenance records from the old owner. On the other hand, being an owner, keep your car’s records safely so that you can get a better and deserving amount.

Previous Accident History

Accidents are horrible in many ways. They are concerned about the value of the vehicle as well as the potential loss of life. However, such an incident might have negative effects and could be severe. Though an incident has a different level of impact and has varying affects over car value. A serious accident will reduce the value of your car by at least 10% when compared to an accident-free model in comparable condition.

Excess Modifications

The value of a car typically suffers when aftermarket modifications are made. Modified vehicles adapt to the detrimental nature and receive premature wear and tear. Use of non-original equipment manufacturer parts in modifications can result in a variety of other problems as well.

These are a few important elements that greatly influence a car's value. However, a lot of the factors that contribute to accidents are under human control except for the accident.

If you are a buyer, Service My Car helps you to actually evaluate the proper value of your car. On the other hand, you can make use of car repair services from Service My Car if there is any need to maintain your car. You just need to contact us on our website or app to request a quote for car service.

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A battery makes an integral part of your vehicle. You can expect it to serve you with a battery. However, the batteries die once they hit a certain age, but if they face failures before the stipulated time limit, it needs some sort of analysis. There are a number of factors affecting the quality of your battery. They include aging, lack of preventive care, as well as environmental factors.

A battery failure is considered when you do not get enough charge to restart your vehicle over night or after some time. However, it is rare for a battery to fail during a drive as most of the time, it is an electrical failure.

As it is already stated that a battery attains its age after a specific period, it could be three to five years. In this period, a car battery goes dead and if the battery is relatively young, there could be other reasons behind a battery failure. However, it is always worthwhile to understand the reasoning behind a dead battery so that you can take suitable action on time. Let's have a look over the issues that can make your car's battery dead.

Is A Parasitic Drain Making Your Car's Battery Dead?

Your car's battery may go dead continuously as it tries to provide enough current to start your car. It might seem quite complicated, but there is always a drain on the system. That remains active even after you pull the keys out and close the door.

However, you can identify the root cause by disconnecting the battery connection after your vehicle is parked for the night. Simply put, if the battery stays charged in the morning, it is definitely a parasitic drain.

Some parasitic drains include the lighting at glove compartment, and any other part of your vehicle.However, these lights tend to shut off automatically, but they may fail due to some malfunction that can seduce your battery's charge over time.

Besides, you can opt for battery scanning and diagnostic services by an expert at Service My Car to avoid the staring headache every morning.

Improper Driving Habits Are Hazardous To Your Battery's Health

A battery is made of plates to store the charge for some time so that it can provide the current as per demand. However, if a car's battery does not receive enough charge, it is considered undercharged. But, a frequent event of undercharging might get your battery into trouble as it causes sulphating. The sulphating usually hampers the performance and life of the battery.

Besides, the battery relies on repeated charging, but it always produces a loss of charge holding capacity of the plates. However, it generally happens when there is a constant cycle of deep discharge and full charging.

These things are quite avoidable by learning proper habits. A preventive approach can be beneficial to give your vehicle's battery a long and sustainable life.

Negligence May Hamper a Battery's Performance

Corrosion is a basic problem with your vehicle's battery. However, you cannot avoid the appearance of corrosion at the terminals of a battery. But, you can clean the same so that the battery may get charged fully.

However, more than half of battery failures have an underlying cause of loss of water. A loss of water may happen due to evaporation due to the high temperature under the hood. Overcharging also results when there is negligence of such a situation.

Your car's batteries require proper maintenance even if you are not using them. A lack of care may trigger a number of causes that can hamper the battery.

Adverse Weather Conditions Are Not Good For a Battery's Health

Adverse weather conditions, especially those hot periods, are not very good for your car's battery health. On the other hand, external cold conditions also take a toll on the battery's health. However, it is impossible to avoid the environmental conditions, but what you can do, is take good care of your battery.

Though external conditions can lead to higher battery consumption, having a battery service every two or three years is still good for keeping your vehicle's performance at its best.

A Defective Electrical System Might Be a Reason for the Sudden Battery Failure

The probability of battery failure is higher if anything with the electric system goes unwell. It could be a battery alternator failure or any blown fuse that restricts the battery charging. However, this is not quite as worrisome if the battery dies when your vehicle is parked.

If your battery dies during a drive, you find yourself in these troublesome circumstances. A battery failure on the road might cause unwanted incidents as the battery powers a number of critical components.

Although a premature battery dying does not sound good, it is something that you have to take care of. You can avoid corrosion by tightening the connection. Besides, a parasitic drain is a smple issue with a simple fix if you bring your vehicle to a trusted facility such as Service My Car.

You can also preserve your vehicle's battery health by adopting good habits and keeping an eye on battery charging and discharging. However, a better option is to opt for a battery test to learn about the actual condition so that you can g for car battery replacement during car maintenance.

Service My Car offers you a one-stop solution for your battery and car's needs. At Service My Car, you can avail car repair services without any hassle. You can try to book a car service online or make a request a quote on our website.

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