If you’re in the market for a new or used car, you probably let the price guide your purchasing decision. According to the auto experts at Autoworks Collision Center, determining the difference between car price and value is an effective strategy to help steer you to the right investment. Below, Rockford, MN’s leading auto experts and repair technicians explain the difference between a car’s value and the number on the price tag.

Value Determines the Car’s Actual Worth

Although the price is important, figuring out a car’s value should be a top priority. How much use you’ll get out of the car and whether it needs extensive repairs—as well as the mileage and quality of parts and materials—all factor into a car’s actual worth. Vehicles of higher value feature manufacturer-approved parts in top condition, as it ensures better handling, safety, and performance. Lifetime warranty coverage also increases the value of a car. Having the car repaired and serviced by reputable mechanics will keep the car running longer, which also boosts the resale value. 

Price Is an Arbitrary Number Set by the Seller

When buying any item, the price is the monetary amount the seller or manufacturer has decided they need to part with the merchandise. The number only reflects the seller’s opinion about the product—not its actual worth. From supply and demand to market trends, there are several factors that impact car prices. This means a car with an extremely affordable price might not offer the best value over time. That’s why it’s important to consider the value you are getting over the price. 

If you want to increase the value of your current ride, the auto experts at Autoworks Collision Center will provide dent removal, scratch repair, and detailing to return your investment to its former glory. The auto experts also pride themselves on delivering impeccable customer service to help community residents feel safer on the road. To schedule a consultation in Rockford or the surrounding areas, call (763) 477-6653. Visit the locally owned, community-driven auto body repair shop online to read client reviews, and like them on Facebook for up-to-date news and information.