Thinking of buying a used car? Here are some tips on how to retain the value of your purchase. Whether you’re looking for a family vehicle or just a way to get around town, it’s important to keep the car in good condition and maintain its resale value. So follow these tips and you’ll be driving off in your dream car in no time!
Tip #1: Drive it like you stole it—but not stolen it
You don’t have to tiptoe around in your car like a Ming vase, but you shouldn’t be driving like in The Fast and the Furious. Avoiding hard braking, rapid acceleration, and excessive speeds will help keep your car’s engine and other parts running smoothly for longer. Plus, it’ll save you money on gas. Win-win!
Tip #2: Keep it clean
A clean car is a happy car…or something like that. Anyway, taking good care of the interior and exterior of your vehicle will go a long way toward preserving its value. This means being diligent about washing and waxing the exterior, vacuuming and shampooing the carpets regularly, and keeping the upholstery free of stains. You should also avoid smoking in your car; not only is it gross, it’ll also make the upholstery smell bad and discolor the ceiling over time. Trust us—you don’t want that.
Tip #3: Get regular maintenance checks
If you want your car to keep running like a top, you need to stay on top of its maintenance. This means things like changing the oil every 3,000 miles or so (more often if you do a lot of stop-and-go city driving), getting regular tune-ups, rotating the tires, and replacing brake pads as needed. Keeping up with all this stuff may seem like a pain now, but it’ll save you big bucks down the road when it comes time to sell or trade-in your ride. Besides, who doesn’t love that new-car smell?
Tip #4: Drive less
This one may seem counterintuitive, but hear us out. The more you drive your car, the more wear and tear it will experience. If you can limit your driving to only when necessary, you’ll help keep your car in good condition for longer. That means fewer miles on the odometer, which is always a selling point for used cars.
Tip #5: Keep good records
Whenever you get your car serviced, make sure to keep the receipts. These will come in handy down the road when trying to prove that you’ve taken good care of the vehicle. You should keep a running log of any other repairs or maintenance issues, just in case you need to refer back to it later. This meticulous record-keeping will help show potential buyers that you’ve been a responsible owner and that they can expect a car that’s in good working condition.
Tip #6: Don’t let your insurance lapse
This one is important for two reasons. First, if you have an accident while driving without insurance, it’ll be on your record—and that’s a mark that will bring down the value of your car. Second, if you live in a state that requires liability insurance, driving without it is illegal. Not good. So make sure you’re always up to date on your insurance payments, and you’ll be golden.
Tip #7: Be careful with aftermarket modifications
While adding a sweet set of rims or a killer sound system to your car may seem like a good idea at the time, it’s important to know that these types of aftermarket modifications can decrease your vehicle’s value. That’s because they’re not always to everyone’s taste; what you think is cool might turn off potential buyers (or, more importantly, the person who’s appraising your car for trade-in value). So if you’re thinking about making any changes to your ride, just be aware that it could impact its value down the road.
Tip #8: Choose your repairs wisely
If something breaks your car, you’ll obviously want to get it fixed as soon as possible. But not all repairs are created equal. Some, like fixing a flat tire or replacing a burned-out headlight, are cheap and easy to do. Others, like engine or transmission work, can be costly and should only be done by a qualified mechanic. When deciding whether or not to repair, always weigh the cost against the car’s value. If the repair will cost more than the car is worth, it’s probably not worth doing.
Following these tips will help you retain the value of your used car so that you can get the most money possible when you sell or trade it in. Just remember to be diligent about maintenance, choose your repairs wisely, and drive responsibly, and your car will serve you well for many years to come.
The Auto Warehouse is a used car dealership that buys here pay here, which means we finance the cars we sell. This gives us the ability to finance people with questioned credit history. We support our reputation by including a warranty on all the cars we sell. The businesses at The Auto Warehouse are very simple, everything revolves around honesty, kindness and respect. Learn more by visiting our website!