The Resale Value of Your Car
Car values continue to fall, and there is no way to stop them. On average, a car loses around 20% of its value as soon as it is driven off the lot. Granted, depreciation slows as time passes, but it remains an unstoppable force. There are, however, steps you can take to slow this down.
If you keep consistent oil change intervals, you can ensure that your car’s engine will last 250,000 miles or more. Don’t forget that regular maintenance includes changing the brakes and tires. If either of these is left unattended, components such as suspension and steering systems begin to fail.
If Something Breaks
Assume you hit a pothole and your car now veers left or right when you take your hands off the steering wheel while driving in a straight line. This is a problem because the car should always be driving straight. If you do not address this issue immediately, the tread on your tires will wear unevenly, causing vibrations that will eventually break steering systems and wheel bearings. At that point, you’ll be wasting money when you could have avoided all of this with a simple trip to the store.
[wpadcenter_ad id=2303 align=’none’]
As a used car buyer, you want to know the vehicle’s history, and cold hard service records are the best way to find out what’s been going on with the vehicle internally. Some buyers base their decision on whether or not the seller has kept records because it says something not only about the car but also about the owner’s character. They were conscientious enough to keep track of their vehicle rather than ignoring broken parts and driving it into the ground.
Maintain the cleanliness
Keeping a car clean on the outside makes a big difference in resale value, but so does keeping the interior in good condition. It’s probably more important than the exterior for some people. Interiors can be more difficult to maintain, repair, and clean than exteriors, so a well-kept interior indicates that the car hasn’t been abused in irreversible ways, such as coffee stains or a spilled soda that was never cleaned up.
Keep your car as close to factory specs as possible to increase your chances of selling it quickly and for a good price. Don’t upgrade or modify the vehicle because some buyers do not want fancy wheels or TVs in the headrests, especially if the vehicle was not designed for them. This can lead to a slew of additional issues for the buyer in the future, so they may be more inclined to buy a car that has been kept original.
Don’t drive your car hard if you want to keep its resale value. Turning too fast or too abruptly, braking late, and flooring the throttle are all things that weaken the car and shorten its life. If you want the car to last, don’t push it past its limits and only use it for its intended purpose. Maintain your Honda Civic on the road. When you get a GTR, you’ll be able to take it to the track.
Maintaining resale value is tedious work, but if you take care of the car, by the time you decide to sell, you’ll have a car that’s in great shape and has a better chance of selling for a reasonable price than if you neglected the maintenance and care.