When you buy a car, it’s unlikely that you’d plan to keep it forever. Whether you want to trade your car in for a newer model or sell it to make some extra cash, you will need to keep your car in good condition. This would ultimately dictate your car’s resale value, which is basically the amount of money you can hope to get in exchange for your car.
Since cars are valuable assets, you should not take this matter lightly. A car with a high resale value will provide good use to you. In this guide, we’ll tell you how to do that.
Here are the top 3 ways in which you can increase your car’s resale value.
Make Sure You Have the Proper Documentation For Your Car
You could benefit from keeping a track record of the documentation from the time you first bought your car. This would include service records, receipts for upgrades, etc. You could keep a file for your car’s maintenance records in the event that you choose to sell it.
You should also keep all the insurance papers for your car in order as this will help boost the resale value of your car. Experts state that there are certain records of dealership that further help with your vehicle’s resale value, like your car’s registration documents and the lender’s no-objection certificate.
Keep Your Car’s Mileage in Check
Your car’s mileage is an important factor that affects a car’s deprecation, effectively affecting its resale value. This means you need to keep your car’s mileage in check, which is the distance the car has travelled. On average, cars are driven between 10,000 and 15,000 miles a year.
The more miles your car has travelled, the lower its resale value is going to be. You should keep an eye on the car’s odometer and ensure you aren’t blowing it out of proportion. In case your car does have higher mileage than the annual number of km, don’t panic. Instead, just be prepared to make a good case or try method number 3.
Maintain Your Car
Regular maintenance of your car is a foolproof way to boost its resale value. Over the course of time, our vehicle goes through significant wear and tear. This could mean dents, scratches, bumps, and tarnished paint. A car in this condition will not only suffer major consequences but also lose its resale value.
If you want to maintain, or rather, increase your car’s resale value, you should regularly take your car to an auto repair and maintenance shop. Take care of any dents and scratched paint, so your car looks as good as brand new. This way, you’ll be able to attract more buyers and tilt the price in your favor. You should also keep the car’s maintenance records in hand.
Need Help? Contact a Reliable Auto Body Shop
To boost your car’s resale value, you need a professional and reliable auto body shop. With better auto repair and maintenance services, they would ensure your car is in mint condition and able to sell at a higher value.