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1. Check the title of the automobile. If it is a rebuilt, take at
least 30% off its value.
2. Do a vehicle history report. Compare the odometer
reading against your report mileage reading. There is a physical method to do
so. You can always check the brake pedals to see if the wear and tear is
excessive. If the condition is very worn out and does not seem to tally with
what the odometer is showing, then there is a high chance that the car’s
odometer has been tampered with to show a low mileage.
3. Deduct the value if
the car has exceeded the average mileage. There is a standard for the annual
mileage of vehicles. According to the US Department of Transportation, on annual
average, a car is driven for 13,500 miles. If the car you are interested in
bidding has crossed the average, say by 1000 miles, take this figure and
multiply it by 15 cents per mile exceeded. This is the value you should deduct.
In this case, it is $150.