If you’re shopping for a used minivan, you will probably appreciate knowing how much to expect to pay for a particular make and model minivan. There are several factors that will affect the price of any minivan; for instance, mileage, overall condition and included accessories and options will always affect the price of any used minivan. However, there are other factors to consider.
Depreciation – How It Affects PricesWith minivans, you can often save a lot of money by buying a minivan that is only 1 or 2 years old. While this is true with most vehicles on the road today, minivans can be especially affected by depreciation. Typically, most vehicles depreciate by about 10% to 20% within the first year, and then about 10% a year thereafter. For the most part, this is true with minivans as well. So, if you purchase a purchase a 1-year-old used minivan, and the original sticker price of the vehicle was $20,000, then you can typically expect to pay between about $16,000 and $18,000 for that vehicle on the used car market. That is, if the minivan falls within normal guidelines for mileage, condition and limited wear and tear. Likewise, you could deduct an additional 10%—and that would give you the ballpark price for a 2-year-old minivan. While this is not an exact science, it can help you make for ball park figure estimates.Keep in mind, however, that some minivans depreciate much faster than others; therefore, in order to find current market values for any particular make and model minivan, you should check Internet websites like Kelley Blue Book to obtain up-to-date pricing information.