Five Tips To Retain Your Car’s Resale Value
Do you want to get the most out of your vehicle? The key is to care for it responsibly. Not only will that provide you with a hassle-free driving experience but also help you maintain your car’s resale value. Here are 5 tips that will make it easier for you to sell your car at the best price!
1. Regularly check your car maintenance and get it serviced
This goes without saying – routine car care helps minimize the effects of possible future damages and helps you avoid last-minute repairs. Sticking to your car manufacturer’s service schedule is a fool-proof way to show potential buyers that the car has been properly maintained. This could give you an edge over car resellers who haven’t done the same and allow you to negotiate a better price for your car.
2. Opt for non-intrusive upgrades
As automobile enthusiasts, we know that customising your car is a fun process – however, if you’re someone that plans on selling their car after a certain period, consider opting for non-intrusive upgrades that aren’t irreversible, can be easily modified and won’t require extensive rewiring. This is because excessively customising your vehicle can decrease your pool of potential buyers. That being said, it’s always a smart choice to invest in quality tires and a good stereo to add value to your vehicle.
3. Park wisely
Ideally, you should park your car in a garage if you have access to one– this helps protect the car from rain, mud, excessive sunshine or extreme cold – all of which can damage the exteriors as well as the mechanics of your car. If you do have to park your car outside, pick a smart and safe parking spot to prevent unnecessary damage.
4. Avoid rash driving
Needless to say, one of the most important things to do if you want to maintain your car’s resale value is driving carefully and responsibly. Extreme speeding, quick take-offs and hard brakes can take a toll on your car’s mechanics. “Rash driving makes your car more vulnerable to accidents, which can not only significantly reduce your vehicle’s resale value but also be dangerous for the driver as well as others on the road,” says Vivasvaan Srivastava, co-founder of GroupWe.
If an accident does occur, make sure you address damages immediately, comply with legal obligations if any and at the time of sale disclose any repairs that have occurred so that the buyer is informed about the extent of damage to the car.
5. Avoid excessive wear and tear
Cleaning your vehicle and avoiding excessive wear and tear is one of the simplest ways of maintaining its resale value. Properly wash your car every 2 months, scrub the foot mats and get rid of any stains on the seats. Consider opting for alternatives like rentals, taxis or public transport when going to areas with poor roads and avoid excessively high mileage.
To sum it up, the best thing you can do as a car-owner is treat your car as an investment, because it truly is. Keep it looking and running well and you can minimize the effects of price depreciation considerably, enjoy it to its fullest potential and get a good ROI all at once!
