Understanding your car’s market value is essential whether you are selling, insuring, or refinancing it. In Kenya, vehicle pricing is influenced by several key factors that professional assessors carefully analyze before issuing a valuation report. A proper valuation ensures you neither underprice nor overprice your vehicle.

The first major factor is the vehicle’s age and year of manufacture. Generally, the older the car, the lower its value due to depreciation. However, certain well-maintained models may retain value better than others depending on demand in the local market.

Mileage also plays a significant role. A vehicle with lower mileage typically commands a higher value because it suggests less wear and tear. High mileage may reduce the resale price, especially if maintenance records are inconsistent.

The condition of the vehicle both mechanical and cosmetic is another key determinant. Dents, accident history, engine performance, tire condition, and interior wear all affect valuation outcomes. Hidden structural damage can significantly reduce market value.

Lastly, market demand in Kenya influences pricing. Popular models such as fuel-efficient sedans and SUVs often maintain stronger resale values. A professional valuation considers all these aspects to produce an accurate and defensible report.