HOW TO IMPROVE YOUR VEHICLE’S RESALE VALUE
Keeping adequate care of your vehicle should be important to you now. In the future, when the time comes to upgrade your current vehicle, you’ll be set up well for financial assistance when you trade in a vehicle that possesses high value. Not every vehicle will boast high resale value; however, there are some things you can do to maximize the value of your vehicle, even though you won’t get a full return for your vehicle. The following blog will provide you with a few tips & tricks that you should follow if you want to maximize the value of your future trade-in.
KEEP IT BELOW 100,000 KILOMETRES
Although most trade-ins will have surpassed 100,000 kilometres a long time ago, it is still important to keep the mileage of your vehicle low. The difference between 95,000 kilometres and 100,000 kilometres isn’t too vast, but in the minds of car buyers, it could make a world of difference. If you’ve considered trading in your semi-new vehicle before it reaches the six-digit plateau, you will garner the best value for your car, van or truck.
ENSURE YOU STAY ON TOP OF MAINTENANCE
The owner’s manual that came with your vehicle should detail how often your car should be taken in for maintenance. Interested car buyers will want to know how frequently your vehicle was taken in for routine service and if all the underlying issues have been identified and addressed. Cosmetic concerns (i.e. dents, scratches, rust, etc.) should be taken care of immediately because they are the first things a buyer will notice.
PARK IT IN THE GARAGE AT NIGHT
Your car is susceptible to physical damage if you keep it parked outside. Rain and snow can accentuate the development of rust, which decreases the return of a trade-in vehicle. Other things such as parking your vehicle on the road increase the risk of distracted driver side-swiping your vehicle, and if you park it under a tree, bird droppings, leaves, and sap can create problems for your vehicle’s exterior. Parking your car under a canopy, awning, or better yet, a garage is the finest way to ensure your car’s resale value remains intact.
PURCHASE A VEHICLE WITH AUTOMATIC TRANSMISSION
Thinking ahead to the next car you buy, you should be mindful about your new car’s resale value, because when the time comes to sell it, you’ll want to ensure you’ve maximized your cars potential value. Many drivers will opt for manual transmission because they enjoy the experience it brings out on the road, but the resale value for vehicles with manual transmissions is quite low, as demand has lowered. A vehicle with automatic transmission holds its resale value much longer.
To ensure your vehicles resale value trade-in your used vehicle before the odometer goes beyond 100,000 kilometres, stay on top of the maintenance schedule, park it in your garage at night, and invest in a vehicle with automatic transmission. Doing this means you can afford to get out on the road in your brand-new car. For more information, contact Jim Wilson Chevrolet Buick GMC today!