If you ever need to buy or sell a used car then knowing how to value them is a worthwhile piece of knowledge. There are a few ways that you can determine the value of a used car. There are a number of factors which will contribute to the value such as mileage, the type of car and the condition it is in. The following are tips on how you can work out how much a used car is worth. Some people might just say that these second-hand motors are worth as much as people are willing to pay for them.

- There are now many used car magazines where you can look at the going rate for different types of car. If you find a car in one of those magazines that has similar specifications to the car you are buying or selling, you will be able to get a fair idea of what it is worth.

- There is also plenty of information online which can help you to determine the value of the car

- You can use one of the many valuation services offline or online.

- There is also a rough formula for working out the price of used cars based on their age. To do this you will have to firstly deduct twenty four percent due to the fact that the car is second hand and then take off a further six percent for each year old that it is. Take a car that was bought last year for £10,000; its value now will be £7,600 (£10,000 24%). If the car is owned for a year the value will drop by a further 6% and will continue to drop 6% for every year after that. But this formula is only used to get a rough estimate.

It is also important to remember that mileage and the condition of the car need to be taken into account when deciding the value of the car. A two year old motor that has spent most of the time parked and has been well looked after will be worth more than a badly maintained two year old car.

If the time has come for you to be searching out used cars, it’s always best to carry out a proper research ahead of time. Good research lets you find only the best models available. Once you’ve finished, you could find youself driving away from the dealers in a used bentley or even a used catarham.