If you are considering trading in your current vehicle, either for something newer or more fuel efficient, CarMax, Inc. (NYSE: KMX) the nation's largest retailer of used cars, has information on how your car's value is determined. CarMax's nationwide team of car buyers has tips on how to get the most for your car when it comes time to sell it or trade it in.
"When evaluating a car's value, there are four major factors taken into account - mileage, current market data, the condition of the vehicle and how well it has been maintained," said David Claeys, purchasing manager, Richmond, Virginia. "Current marketplace conditions, including the effects of seasonal shifts in demand or changes in the economy, can impact the trade-in value of a vehicle. While you can't alter current economic conditions, a good rule of thumb for consumers wanting to maximize the value of their vehicle is to simply take good care of it."
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