A vehicle's value refers to how much it is worth in monetary terms. This value can change based on various factors, including the vehicle's age, condition, mileage, and market demand. For example, a new car typically has a higher value than a used car, but a well-maintained classic car can sometimes be worth more than a newer model. When buying or selling a vehicle, understanding its value is essential. Tools like online valuation guides can help determine a fair price. Additionally, factors like accident history and service records can influence a vehicle's overall worth, making it important to consider all aspects.