Recently, you purchased a new vehicle. You’ve heard the old saying noting that your car drops significantly in value the moment you drive it away from the lot. However, this is not what you want for your car. You want to ensure that it stays in good condition and is worth a lot of money. Here are a few tips that can help:
Maintain Low Miles
Trying to sell a car for a high price when it has a ton of miles on it is going to be difficult if not impossible. While no magical number exists that you must stay under, cars with over 100,000 miles on them are often considered to be highly undesirable. Therefore, you do not even want to approach the 100,000 mile mark when you are looking to keep your car at a high value.
Not driving your car a lot will also have another effect that will work to keep its value high. The less you drive the less chance you have of getting into an accident with the vehicle. Even if your car is in excellent condition, you are not going to fetch as much for it as you would if it was in mint condition. A huge difference exists, price-wise, between these two states.
You also absolutely must go for regular maintenance. You could have a car that is the most beautiful one in town, but it’s not going to be worth a whole lot if the transmission is fried. Speak with the dealership about how frequently you should be going for maintenance. Remember, regular oil changes are a definite must. When you bring your car, ask for a full look through. Otherwise, problems could be manifesting unseen in the deepest layers of your vehicle.
A Clean Interior
Preventing the car from getting into accidents and keeping it in mint condition is definitely important. However, the exterior of your car is not the only thing that matters. Of course, someone could easily clean up garbage on the floor of the car. Still though, removing the smell of animal from the seats or cleaning up a spill of cranberry juice is not going to be that simple. When people are unhappy with the interior of your car, then you are not going to be able to get as much money for it.
Sell it Young or Old
A middle-aged car is generally not as valuable as a young or old one. Younger cars tend to bring in the highest prices because they are in the best condition. Of course, classic cars can have a hefty price tag attached to them too. This is risky though. You have no guarantee that the car will ever be considered a classic. Furthermore, you would have to wait a long time and find the right buyer for you.
Protecting the value of your car is something that might mean a lot to you, and these are some ways you can accomplish that goal.
Vanessa is a writer for lifecoachingwithtina.com. She writes about self help and how-to’s. In her spare time she spends time with her golden retriever Max, and reads.