Are you planning to buy a new car? Is your old car in a good condition to get you enough money for the down-payment? While it is not easy to select the most suitable model for yourself, it is rather tedious to sell the existing car for a good value. Here are a few tips that can help you enhance the resale value of your car, have a look.
1. Regular servicing
To begin with, it is important to get your car serviced regularly. It not only ensures your car is in a good state, but servicing also enhances the life-span of the vehicle. Besides, it helps the owner determine if the vehicle requires any sort of change before putting it out for sale. It is therefore advisable to take your car for servicing and maintain a record too that could testify its condition. Follow – These Tips To Increase Your Car’s Life Span
2. Go for a popular brand
If the brand of your car is widely accepted in the market, it becomes easier to sell it. On the contrary, if you buy a car from a less popular brand, chances are that your vehicle will not fetch a good value. Customers usually get lured by the heavy discounts on slow selling models from less popular brands. While you may benefit initially, it is likely that you may lose more when you plan to sell it. However, you can earn more profit if your car belongs to a well-established brand.
3. Low maintenance cost
While regular servicing does help adding more years to your car, the cost to maintain it holds great significance too, when you put it for sale. It may not be a concern for you, but it may be important for the person who wishes to buy your old car. Read – Five Things to Remember Before Buying Car Insurance Online
4. Opt for a generic colour
While whites are more common among buyers, silvers, greys and blacks are some other popular generic colours that are in demand. However, shocking colours and shades like bright pink, yellow and green are the ones that are not liked by many. These colours might work well for some sports cars (yellow & blood red etc), it is not the case for regular models.
5. Get the right insurance for your car
Most of you may miss out on this, but it is rather important to select the right insurance for your vehicle. It not only benefits you during the ownership years, but a bumper to bumper insurance certainly enhances the resale value of the vehicle.
6. Say no to mods
While you may get tempted to transform your old car to enhance its visual appearance, remember it will damage the resale value of the vehicle. Modifications are done as per one’s personal taste, therefore it may not appeal to others. Therefore, you either look for a buyer with a similar taste, or remove the add-ons before putting it on sale.
7. Keep your car from rusting
Rusting is a parasite that slowly kills your car. It is also an indication that you did not look after your car well. While it is a proof of poor maintenance, rusting is a huge put off and brings down the value of the car drastically.
8. Opt for Extended Warranty
This might sound as an expensive option, but frankly it could work well to enhance the resale value of your old car. It may cost you a bit while you own the vehicle, but it will help you get a good price for your car.
9. Single ownership for better value
If your car has had a single owner or has been driven by a single person, it will certainly have a better resale value. On the contrary cars with multiple owners usually fetch low value since it is used by many people.
