The purchase of a vehicle represents a certain investment. Whether new or used, the price of a car can quickly go from simple to double. How is the price of a car calculated? How are vehicle prices explained? Lyanne answers all your questions in this guide!
Whether new or used, the price of a car can quickly go from simple to double. To calculate the price of a used car, experts take into account several criteria: – The
rarity of the model: used vehicles can be old models. These are also very coveted and are considered collector’s cars. Due to their rarity, their price is often high.
– The Argus rating: this is the basic index of the value of a car. It is calculated by degression: each year, a car loses a certain percentage of its value depending on its model;
– The general condition of the vehicle: if the car is well preserved and in good general condition, it can be sold at a good price. Conversely, the more a vehicle is damaged or outdated, the less expensive it will be sold;
The price of a used car
The average price of a used vehicle is likely to vary greatly depending on the model according to an Argus study from 2015:
– For a city car : the average price recorded that same year was €7,305
– For a compact car : the average price recorded was €14,462
– For a large minivan : the average price recorded was €19,106
– For a Small SUV : the average price found was €16,219
– For a luxury SUV : the average price was €34,702
Experts take into account several criteria to calculate the price of a used car:
– Scarcity of the model: used vehicles can be old models.
– The Argus rating : this is the basic index of the value of a car.– The general condition of the vehicle : if the car is well preserved and in good general condition, it can be sold at a good price. Conversely, the more a vehicle is damaged or outdated, the less expensive it will be sold;
The price of a new car
If we compare the price of a new vehicle with that of the occasion, it is indeed higher.
Indeed, according to the same Argus study, for the same models seen previously second-hand, their new price increases considerably:
– For a city car: the average price noted was €13,558;
– For a compact car: the average price noted was €27,410;
– For a large MPV: the average price noted was €44,545;
– For a Small SUV: the average price noted was €22,567;
– For a luxury SUV: the average price found was €61,694.
How to lower the price of a car?
If you plan to buy a vehicle, be aware that the budget for a car can quickly swell and exceed the set limit.
Aesthetic choices or the addition of options and aesthetic choices can radically increase the selling price of a car.
– Negotiate : if you decide to invest in a new vehicle following a visit to the dealership, the seller may be more inclined to reduce the price of the chosen car;
– Respect the schedule of dealer promotions : some brands and dealerships regularly offer open days where the prices charged are lower.
In addition, it is often possible to benefit from financial assistance at a reduced rate;
– Hire an agent: appealing to an agent can be an interesting option, the latter buys cars to then resell them. The prices it offers are lower than those of cars in the traditional circuit;
– Do not be too categorical : try to be flexible on the aesthetics of a car, for example. If the seller offers you a model of a cheaper car in white paint than blue paint, choose the cheaper paint instead. Prices often vary during finishes;
Take into account the cost price of a car
If taking into account the purchase price of a car is important, we must not forget to calculate the cost price of a car. This calculation takes into account, among other things:
– The number of years during which the buyer intends to keep his vehicle;
– The number of kilometers covered in 1 year;
– The average fuel consumption of the vehicle;
– The cost of maintenance;
– The cost of fuel.
Many websites offer you to simulate the cost of a vehicle so that you can choose the vehicle that will be the least expensive.The more expensive your vehicle and the more expensive options it has, the higher your insurance premium is likely to be.
Indeed, a car combining several expensive options will be more expensive to compensate in the event of a claim .
If the model is rare, spare parts may also be harder to find and more expensive.
If you plan to buy a new or used vehicle, do not neglect the cost of insurance. Our experts at Lyanne can help you find the most suitable insurance for your future vehicle.
