1) Age: The 1st and the most important factor that influences your car’s value negatively is its age. Experts say that car prices plummet considerably three years after their registration. In the first year, the decrease in car value is more than in any other year. After that, car value does depreciate but at a slower pace.

2) Mileage: The higher the mileage, the less will be car’s value. Why? Because your car’s mileage reflects how much your car has gone through wear and tear over all these years.

3) Service History: If your list your car for sale with incomplete or missing service records, it will negatively impact your car’s value. Why? Because significant gaps in service history will create doubts in dealers’ minds as they will presume the worst. All of this will only result in lower bids.

4) Market Demand: While factors like mileage, age, and service history are in your hands, preferences like market demand aren’t. Factors like environmental regulations, economic conditions, or rise in eco-system for electric vehicles. Likewise, the release of upgraded versions of existing models, changes in tax regimes, and decrease in production due to external factors can influence the value of your car positively or negatively.

5) More than one owner: Another factor that negatively impacts your car’s value is more than one owner. The more the owners, the less will be the cost. Why? Because the number of owners reflects the condition and age of your car.

6) Accident History: Used cars with one owner since registration are generally preferred by professional buyers as they tend to hold more value compared to cars with multiple owners. The number of previous owners of a car can often indicate its age and overall condition.