Whats the fair market value of a 2012 Chevy Cruze?
The fair market value of a 2012 Chevy Cruze can vary depending on several factors, such as the vehicle's condition, mileage, and location. However, based on recent market data, the average fair market value for a 2012 Chevy Cruze in good condition is typically between $5,000 and $8,000.
Understanding Fair Market Value
Fair market value (FMV) is the estimated price a willing buyer and seller would agree on for a particular item or asset, assuming both parties have reasonable knowledge of the relevant facts. In the case of a used vehicle, the FMV takes into account factors like the car's make, model, year, mileage, condition, and location.
Factors Affecting the Value of a 2012 Chevy Cruze
Several key factors can influence the fair market value of a 2012 Chevy Cruze:
- Mileage: Lower mileage vehicles generally have a higher FMV than high-mileage ones, as they are perceived to have more remaining useful life.
- Condition: The overall condition of the vehicle, including the interior, exterior, and mechanical components, can significantly impact the FMV. Well-maintained Cruzes in good condition will command a higher price.
- Location: The geographic region and local market conditions can also affect the FMV. Prices may vary depending on factors like supply, demand, and regional economic conditions.
- Options and Upgrades: Cruzes equipped with additional features, such as premium audio systems, leather upholstery, or advanced safety technologies, may have a higher FMV than base model vehicles.
It's important to note that the FMV can also be influenced by broader economic factors, such as the overall state of the used car market and any ongoing supply chain or production issues affecting the automotive industry.
Determining the FMV of Your 2012 Chevy Cruze
To get a more accurate estimate of the fair market value for your specific 2012 Chevy Cruze, you can use online valuation tools or consult with local car dealers or automotive experts. These resources can provide a more detailed assessment based on the unique characteristics of your vehicle.
By understanding the factors that influence the fair market value of a 2012 Chevy Cruze, you can make more informed decisions when buying, selling, or trading in your vehicle.
What is fair market value of a car?
'Fair market value' is the highest price that a willing buyer would have paid to a willing seller, assuming: 1. That there is no pressure on either one to buy or sell. 2. That the buyer and seller are fully informed of the condition and quality of the car.
How many miles will a 2012 Chevy Cruze last?
250,000 miles
The Chevy Cruze vehicle can last up to 250,000 miles with proper maintenance, with an expected annual drive of around 15,000 miles. However, Cruze car owners' opinions on longevity are divided, with 19% believing their vehicles will reach 200,000 miles, whereas 33% disagree.
What is a common problem with a 2012 Chevy Cruze?
Oil leaks from the engine and transmission, coolant leaks from the thermostat housing, and faulty ignition coils are other engine issues that have also been reported. The Cruze isn't without its electrical issues either, with loose battery cables and issues with the trunk release switch all being reported as well.
What is the mileage of a 2012 Chevy Cruze?
The Cruze 2012-2014 mileage is 14.39 to 17.3 kmpl. The Manual Diesel variant has a mileage of 17.3 kmpl. The Automatic Diesel variant has a mileage of 14.39 kmpl.
Is a Chevy Cruze a good car to buy used?
The Chevy Cruze Has Great Reliability
The average cost of repairs is much lower than similar cars of the same size, and the frequency of repairs is lower too. As long as you keep up to date on routine maintenance like oil changes and tire rotations, you will have a dependable car for years.
Why was Chevy Cruze discontinued?
In 2016, the Cruze sedan was restyled and renamed for the Australasian market as the Holden Astra Sedan, as a sedan complement to the Holden Astra family. Due to the market shift towards SUVs and decreasing sales, the Cruze has been gradually phased out.
What is the fair market value of a Chevy Cruze?
Depending on vehicle details such as the model, year and condition - the average used Chevrolet Cruze sells for $8,928 in the current market, which is -66.84% lower than the average used car.
How much is a used 2012 Chevy Cruze worth today?
The value of a used 2012 Chevrolet Cruze ranges from $1,275 to $5,957, based on vehicle condition, mileage, and options. Get a free appraisal here.
What year did Chevy stop making the Cruze?
2019
In the United States and Mexico, production ended in 2019, while production in China ended in 2020. Production continued in Argentina until 2023. It was replaced by the Monza in China, which is known as the Cavalier in Mexico.
Are Chevy Cruze 2012 reliable?
How Reliable Is the 2012 Chevrolet Cruze? J.D. Power gives the 2012 Cruze a reliability rating of three out of five, which is about average.
