Common Used Car Values Based On Auto Year and Make - CarsDirect.com

Used car values influence and are influenced by many different factors. Not only are prices for used vehicles based on the year and make of a vehicle, other values are based on this information as well. So, here's a list of common used car values as they are based on the car year and make.

Many car pricing guides use the make and year of a vehicle as two of the most important factors in determining average market price information for a particular vehicle. For example, companies like Edmunds, Kelley Blue Book and NADA all use the make and year of a vehicle as factors for setting average selling price information.

Just as with the average selling price, the average trade-in value of any used vehicle will almost always be determined by the manufacturer or make of the vehicle and the year the vehicle was manufactured in. Some makes allow for higher trade-in prices than do others, and newer vehicles always bring higher trade-in allowances than do older ones.

The insurance replacement value of your vehicle is the amount of money your insurance company will offer you in the event that your used vehicle is involved in a major accident, and is damaged to an extent that makes replacing the vehicle a more viable financial alternative than repairing it. While insurance companies use some very proprietary methods for valuing specific used cars and trucks, the manufacturer of the vehicle and the year it was manufactured in will always be crucial factors in determining the amount of money offered to you to replace a totaled vehicle.

Banks and car loan lenders that make used car loans always use the make and year of a vehicle for determining how much money they are willing to loan out for a particular type of used car. Auto loan lenders are more likely to loan more money for cars made by certain manufacturers and for more recent year model used cars than for older ones.

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