How to Retain a Good Resale Value

Apr 20, 2021

How to Retain a Good Resale Value

How to Retain a Good Resale Value

Owning a car used to be a long-term commitment but nowadays, we are used to changing our cars more regularly all thanks to finance options including PCP and leasing. Some of these options mean you will hand your car back after a certain period of time but if you wish, you can take ownership and sell it down the line.

If you do this, you’ll want to get the best value for it and this is why it’s important to take care of the car even if you don’t plan on keeping it for long. It’s also worth noting that if you do lease a car, you’ll be expected to hand it back in good condition or you will be expected to pay for any excessive wear and tear.

Practical tips on how you can help retain your car’s resale value

Clean it regularly

Don’t just wait until your car is incredibly dirty before you clean it. Most of us will clean our car every few days when we first get it but then the novelty wears off and the gap between cleans grows rapidly. Regularly cleaning the car will keep the paint in good condition and also means you’ll notice dents and any other minor damage quicker than you might do otherwise. This goes for both interior and exterior!

Regular servicing and maintenance

If you buy a brand new car, you might choose to keep up with the manufacturer’s service schedule. Doing this is an investment in the future value of your car, even though it might be a pain to part with the money to get it looked at.

Keep receipts of work carried out & other important documents

Keeping all important documents for your vehicle is essential and keeping them in a folder will mean none will get lost over the years. You should also hang on to any bills or receipts for work that has been carried out to show to your potential buyers. Offering complete transparency with the car is best when you’re trying to sell as it shows you have maintained and looked after the car well.

Repair any damage

Have you noticed some minor damage? Don’t ignore it as it has the potential to get worse and turn into a bigger problem over time, meaning it will cost more money to get fixed and ultimately, impacting your resale value.

Drive carefully

We aren’t suggesting you take all the fun out of driving and drive like a snail everywhere. We are simply suggesting you take it easy, if you’re driving a small hatchback or family car there’s no need to drive it like you’re on a racetrack.

If you can keep the miles down too that will help retain the resale value too! You bought it drive it we understand that, but long term if you can keep the mileage down it can make a significant difference when it comes to selling it on.

Selling your car or handing it back and need to find a reputable mechanic to do your final checks? Here at MyCarNeedsA.com, we can gather quotes from local mechanics in your area saving you both time and money. Get your quotes!

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