For many people, a car is essential for their daily routine. It’s likely that, when you’re commuting to work or taking your children to school, you’re not thinking much about maintaining your car’s value.
However, you then could be in for a shock when you come to sell or part-exchange your vehicle. You might find that your car’s value is much lower than the price given in a car valuation guide.
By taking a little time and making some extra considerations, you could maintain your car value, and get much less of a shock when you sell.
Avoid Excessive Mileage
Having an excessive amount of mileage on your vehicle can lower its value considerably. Only use your car for essential journeys, and try to use public transport if you can.
If you’re planning on taking a long trip or driving a car abroad, consider using a rental vehicle. The cost of
Have Regular Servicing
Have your car serviced on a regular basis. Aim to stick to the manufacturer’s service schedule if you can. Routine care will not only help you to avoid unnecessary and costly repairs,
Some buyers may be willing to pay more for this.
Avoid Unnecessary Wear and Tear
Drive your car with care to avoid unnecessary wear and tear. Always try to break smoothly, don’t drive at excessive speeds, and avoid driving your car over poor condition roads.
You should also always try to keep your vehicle clean inside and out. Use wax to maintain its paintwork.
Regular washing of your car will also remove the
Store Your Car Carefully
Always store your car in a garage if you have one. Storing your car outdoors can lead to it being damaged by extremes of weather. Sunshine can cause your car’s paintwork and interiors to fade, and extreme cold can cause engine damage.
If you don’t have a garage, consider covering your vehicle during extreme weather conditions.
Treat a Classic Car as an Investment
Classic cars are the few vehicles that can actually increase in value over time.
Don’t drive it unless you absolutely have to, and store it in a temperature-controlled environment. Have the car serviced on a regular basis, and consult a specialist if any repairs need to be made.
Avoid Eating, Drinking and Smoking in Your Car
Food, drink and cigarette smoke can leave a lingering smell inside which can reduce car prices. Any stains, marks or scorches on your car’s interior will also make it seem less desirable to buyers.
Research Before You Buy
If you would like to purchase a car that is likely to hold its value over time, do some research before you buy. Check a car value guide to see which vehicles offer the best investments. This will also give you an idea of what factors can affect car value.