Negosentro| Tips for Boosting Your Car’s Resale Value |Most things lose their value over time, but none so quickly as the car. The moment you take your new car off the lot, it starts losing its value quite quickly. Actually, we can rightfully say that the biggest expense to owning a car is not fuelling it, but depreciation. Naturally, not all cars lost their value at the same rate, but on average we’re talking about a loss of around 30% over the first three years of ownership. And there is nothing you can do about? Or perhaps there is?
While the process is irreversible, you can slow it down significantly if you look after your vehicle regularly and properly. Also, there are other things you can do to increase your car’s resale value. Here are just some of them, which you should follow if you’re planning to sell your car and, hopefully, replace it with a new, better model
As we’ve already said, you need to properly maintain your car from day one. Never neglect the signs that your car needs repairs and deal with them as soon as there is the first sign of a problem. This also means you should take your car to regular services with a mechanic, who can check it out and make preventive measures. You don’t have to be an expert in car maintenance to do it yourself, just be a responsible owner.
Be careful about your mileage
Basically, you need to be aware of the fact that the more miles you put into your car, the more of its value it’ll lose. So, next time you need to drive long-distance across multiple states, think again. Any car that covers more than 20,000 km (around 13,000 miles) a year will be worth less than the average market price because of its mileage.
Clean it up
While there are many reasons why your car should be clean at all times, it’s really vital you give it a good and thorough clean before you sell it. To begin with, it’ll look both aesthetically and cosmetically pleasing and your potential buyers will have a much better first impression. Luckily, it doesn’t cost you a lot to do this and you can actually do it yourself, provided you have the right cleaning products and enough elbow grease.
One of the things that can have a great impact on your car’s resale value is the exhaust system. Having one of modern performance exhausts will not only improve the driving experience, but also boost the resale value of your car. So, make sure you replace your old exhaust when the time comes. On top of all that, it will also lower the consumption and prospective buyers will surely be pleased with that.
Protect it from the elements
It’s also important to keep your car protected as much as possible from the elements. Namely, extreme weather conditions can wear out the paint and make the vehicle colour look faded. Also, make sure you remove any bird droppings from the car, since they contain acid that can also damage the car paint.
Fix dents and dings
It’s inevitable to have dents, dings and scratches on your car, but they really don’t look nice, which is why you need to fix them. Also, even if a small part of your car paint is compromised, it might have a devastating effect on the whole bodywork. So, fix those issues not only to hide them, but also to make your car safer.
The more papers you have related to repair and maintenance works performed on your car, the better price you’ll get. Try to collect all papers related to service records, warranty, finance contract and stickers. That way, potential buyers will get a very good insight into how you’ve treated the car and will be ready to pay more knowing that the car has been well looked after.
Don’t forget the tyres
If there is one component that takes more beating than others, it has to be the wheels. Over the years, they sustain both cosmetic and functional issues that can affect the safety of your ride, as well as the car’s selling value. So, keep your wheels shiny, remove dirt and grime from the tyres and make sure you regularly clean and polish the wheels.
These are just some of the most basic tips related to boosting your car’s resale value. Basically, the better you look after it, the more money you’ll get. After all, put yourself in the position of a buyer. Would you go for a car that hasn’t been maintained properly and is in poor condition? Probably not.