5 Mistakes That Damage Your Car’s Value
Car depreciation is inevitable; your car loses value over time and you simply won’t get a similar price when you come to sell it as what you paid when you bought it. Within the first 8 to 10 years of a car's life is when the biggest drop in value occurs.
If you want to sell your car and get the most money back, it is possible to minimise depreciation and get the most value back by following a few simple steps.
1) Don’t put lots of miles on the clock
High mileage on your car can increase the rate of depreciation. This is because the more your car has been driven and used, wear and tear will increase, impacting various parts. This in turn will make it worth less to potential buyers.
2) Don’t neglect your service schedule
You want to make sure you’re maintaining and servicing your car on a regular basis and ideally in line with your manufacturer's servicing schedule. A full service history is something a lot of used car buyers look for and appreciate, as it shows the car has been well maintained and cared for, thus, making the car worth more.
3) Don’t ignore repairs
The exterior of your car is just as important as the mechanics underneath. Scratches, dents and dings can have an impact on your car's resale value. If any repairs are needed, it’s also best to use manufacturer approved parts, and make sure to keep the receipts as proof.
4) Don’t forget about the interior
A clean, well maintained and good smelling car will get you more money when you come to sell. Avoid smoking in your car where you can and transporting pets.
5) Don’t misplace your documents
Having all the essential documents with you when it comes to selling your car will only help with how much you get back for it. Everything from the V5C, to the MOT and service history and even repairs receipts are the main documents you should have, so it’s worth keeping them all together in the same place to avoid the risk of losing them.
Want to sell your car?
If the time has come to sell your car, Car Synergy offers a vehicle valuation service if you want to sell your car outright, or a part exchange service if you want to upgrade to one of our used cars in Leeds.
Get your free, no obligation valuation today to sell your car quickly, and conveniently, while getting the best price.