How it Works - Valuemycar

Valuemycar is powered by AutoGrab, an advanced automotive tool that uses data analytics to accurately price every car on the internet in New Zealand, and gives real-time insights into the automotive market.

We use this cutting edge technology to gather automotive intelligence from all corners of the market, to provide you with an accurate and up to date valuation of your vehicle.

By using the same software that is utilised by some of New Zealands’ biggest brands to source and value cars, we’re able to find and compare your vehicle’s information with live online listings, giving you the most accurate estimate available.

In just easy 3 steps, you can receive your free vehicle valuation.

Start Valuation

Determining your car’s value

There are a number of factors which contribute to the market value of your car, and this is the data we use to create your free valuation.

While there are certainly other factors that determine the value of your vehicle, and of course exceptions to every rule, the following is a list of the major factors that play a part.

Age

Unless you own a classic or vintage car, your car will lose value as it ages. Age is an important factor in determining value, if not the most important, with the value of a new car dropping significantly in the first few years of purchase and steadily declining each month thereafter.

Brand

Certain brands tend to retain more value, due to their reliability or specific features, creating higher demand. In the same vein, certain models of a car might stand out, due to popularity or exclusivity.

Mileage

Another crucial factor in deciding the worth of your car is the odometer. The more kilometres your car has done, the less your car will be worth. Conversely, less kilometres translates to more value for prospective buyers.

Condition

Some general wear and tear is to be expected from any used car, however, how well you’ve managed to look after your car will play a role in its value. A car covered in scratches and dents isn’t going to hold up well against a vehicle that’s in near-new condition, thus reducing the overall value.

History

Regular maintenance throughout the life of your vehicle and an up to date log book will affect your valuation for the better, whereas previous accidents and repairs may work against you when it comes to value.

Demand

Location, time of year, and popularity can all influence the perceived value of a car. If demand is greater than supply, your car will hold more value.