If you are someone that likes to change your car on a regular basis then you will probably be keen to keep your cars value as high as possible. After all, new car prices are continually on the rise so it makes sense to try to keep your one as high as possible too. This way the gap between your own cars value and its replacement is kept to a minimum.
This blog post will take a look at three suggestions that could keep you ahead of the pack and help to maximise the resale value of your car.
1. Choose a Car that Will Hold Its Value
The reality is that some cars are better at holding their value than others. Reliability plays a large part in this equation, which is why brands like Audi, VW, Toyota and Honda always seem to have better than average re-sale values. Put simply, even when the car gets older and has plenty of mileage on it people still recognise it as a viable consideration.
Another tip is to understand which model of car will best keep its value. Experts have found that entry models seem to not be quite as popular when it comes to resale. A good way to think about this is that having bought the base model, in a few years when you plan to sell it there is a good chance that the specification levels will be too low. People who buy used cars tend to want to get a reasonable amount of specification for their money and are often reluctant to buy base model cars.
2. Follow the Service Schedule
There is nothing better to demonstrate the pedigree of a vehicle than having a full and complete service history. This doesn’t just mean stamps in the service book; it also means a collection of receipts. This way your vehicles resale value will be maximised as a potential buyer will be able to see exactly what maintenance your vehicle has undergone.
Sadly one of the main reasons why people decide to let servicing lapse is the expense. This really is a false economy, as a vehicle without a proper service history will tend to develop more faults along the way which of course leads to further expense.
Many owners’ packs will contain information relating about the nearest service outlet. However, over time they can become out of date. If you are not 100% sure the location of your service outlet then you should search online for the nearest outlet which deals with the make and model of your car. Specialists and dealers designed specifically for your car are easier to trust and so it is worth paying a little more for the service that they offer.
3. Keep it Clean
A regular wash does wonders to enhance the appearance of any car, especially when this is carried out by hand. If this is something that you can commit to you will get to see your car from an entirely different angle. Doing so will allow you to spot stone chips and fine scratches at the earliest opportunity.
Sadly minor damage as mentioned above is part and parcel of owning and driving a car. However rather than leaving it to fester and get worse, you will at least be in a position to take positive action. Sometimes it is possible to attend to minor items like a slight surface scratch by using a high grade polish. Whilst other times it might be that you need to seek the assistance of a professional. Either way you will have at least identified an area that can and very often does have a negative effect on a cars resale value.
William Bancs is a writer who is always on the lookout for ways to maximise the resale value of your car. He recommends getting your car regularly serviced at a VW servicing specialist or someone who deals with your make of car.