Older Vehicle Pricing Considerations

VMR Older Car Pricing values vehicles in three conditions. As a vehicle gets older, the most important factor in determining value is condition.   Trim level, equipment, even mileage are secondary.  It's not uncommon for a 15-year old expensive luxury car to be worth less than a an economy car that has received exceptional care through its lifetime.  An older vehicle that combines superior condition with low mileage is worth considerably more than an average vehicle, particularly among luxury makes.  Depending on the model, values can even exceed our "Excellent" valuations.  

Finally, values in our older car section are not assigned a wholesale and retail number.  Because the wholesale market is not as defined or transparent for older vehicles compared to late model vehicles, we use a general "market value" which you can use for assigning value for both private party and dealer transactions.  Older used cars are usually found in the hands of individuals or independent dealers. 

Make sure you consult the Older Car Condition Guide for more information.