We’re all familiar with the car sale adage, “A new car loses its value the minute you drive it off the lot.” It’s the kind of thing you know but don’t care about at the time because hey! You got a new car! But chances are, you are going to sell that car in a matter of years and understanding how to preserve its resale value during ownership is key. Here are few tips on preserving your car’s worth while still enjoying vehicle-ownership (a beautiful thing).
DRIVE SAFELY
This is first and foremost for any driver looking to preserve not only a car’s value, but also the health and safety of everyone who gets in for a ride. Aggressive maneuvers, excessive speeding and distracted driving all dramatically increase accident risk, and car accidents sharply decrease vehicle value and serve as huge red flags for future prospective buyers. Even a car that looks good-as-new when repaired after the accident still depreciates in value
Of course, accidents happen even when we take steps to prevent them. If you do get in a wreck, however minor, be sure to keep all police reports, insurance reports and mechanical service records and be ready to offer an explanation of the impact on the vehicle.
KEEP IT SHINY AND CLEAN INSIDE AND OUT
Aesthetic appeal is obviously a big deciding factor for anyone buying a car, especially a used car. They want a vehicle that has been well-taken care of and looks just about as good as new. How can you make sure that your car’s exterior stands the test of time?
Park in the shade and away from other vehicles if you can. This helps avoid paint fading and unnecessary dents and dings.
Wash your car once a week (either by hand or at a mechanical car wash) and use a cleaning recommended by the car’s manufacturer. Dish detergent tends to strip away paint sealant.
Polish your vehicle once a month.
When it comes to the interior, the best thing you can do is enforce a no-eating-or-drinking policy. It’s a tough policy to follow with a busy lifestyle, but a clean and nice smelling vehicle is worth it. If that is totally out of the question for you, be sure to keep a bag in the car for trash (and maybe initially choose a car with a dark interior). Getting the vehicle professionally detailed every few months is also wise.
PAY CLOSE ATTENTION TO REGULARLY SCHEDULED MAINTENANCE
Lest we sound like a broken record, keeping your car in good running order by going to a trustworthy mechanic for tune-ups, regular oil changes and repair is one of the best things you can do to help your car maintain its value. Along with safe driving, vigilant car care and maintenance will make all the difference in a vehicle’s resale value.
It’s important that you keep a folder of records from every visit to the mechanic in order to show prospective buyers hard evidence of the car’s history of attentive care. When you bring your car to American Pride Automotive, we provide honest service and detailed records of auto maintenance and repairs.
Perhaps you are on the other side of this discussion and looking for a new-to-you used car. In that case, American Pride has an impressive inventory of cars whose previous owners took all the steps above to preserve the beauty and functionality of their vehicles. Call, contact, or come in to American Pride today to see what we have to offer. In the meantime, you can check out our inventory of used cars here.
Enjoy your weekend!