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The universal formula for calculating the value of a used car involves taking the vehicle's new price today and depreciating it by the number of years the vehicle has been in use. The factor of depreciation is arrived at through many years of market precedent and experience.
The car valuation process can be used before buying any car. It helps car buyers to know the original value and price of any car before buying it. It is a beneficial tool and helps to quickly know the market price of any vehicle. By using this tool, the car owners can estimate the true value of any car according to its make, model, mileage and condition. The seller cannot manipulate the buyer about the prices and this would help buyer to negotiate the price before making the final decision. In this way, by using car valuation the car buyers can get done with a profitable deal.