Used cars appreciate 20% in 12 months; see models with higher prices

The value of used cars has grown tremendously over the last year. This is a result of rising new car prices, especially with inflation, although this has also driven up used car prices. So much so that, in some cases, a used car can be sold with an appreciation of 20%.

Maybe this is a good time to sell your used car to make some good money. This advice is mainly for those who have transitioned from in-person to remote work so they are now parked in the garage.

Used car valuation

A survey carried out by EXTRA showed the appreciation of some used cars. For example, an Onix Plus model purchased for 73.255 reais in 2021 now costs 89.485 reais.

Even if some owners are unable to sell the model for more than they bought it, all of this shows that a good deal is still guaranteed in the current circumstances, as losses are getting smaller and smaller.

The reason for the rise in value of used cars is the drop in the production of new cars due to the lack of spare parts. Therefore, the price of the zero model is lower.

But as the industry's zero-mile production resumption comes to an end, the used-car boom may be coming to an end. This way, anyone who wants to take advantage of the opportunity to sell and secure good money that values ​​will not waste any more time.

This idea can be very beneficial if you plan to sell your car for investment! For example, it is ineffective for those who want to advance their vehicle before purchasing another.

Before buying a used car, it is a good idea to check all the vehicle documents, condition of the seats, engine, paint wear and origin.