Tips for Increasing Your Car’s Resale Value

Cars, unfortunately, do not gain value with age. In fact, they can lose a huge amount of value over time, especially if the owner does not take good care of the car. If you are planning to sell your car, either because you plan to upgrade to something newer or because you just want to make a bit of cash on the side, you are going to want to get the best value possible for your vehicle. If you are a car owner looking to get top dollar for your vehicle, here are some tips and strategies you can use to make sure that you walk away with the most cash in your pocket possible.

Choose your add-ons wisely

Add-ons can be a great way of personalizing your car and making your driving experience a lot better. In many cases, add-ons can even increase your car’s value to prospective buyers. But, choosing the wrong add-ons can potentially sink the value of your car quite noticeably. What are some add-ons that increase the value of your car? Well, things like sunroofs, entertainment systems (DVD systems, better stereos, etc.), built-in GPS systems, and leather interiors or leather seats all increase value. The reason that these add-ons increase the value is because they are add-ons that pretty much everyone would like to have in a car. After all, who is going to say no to a better sounding stereo system? However, not all add-ons have the same effect. For example, tinted windows, loud exhaust systems, unusual paint jobs, superchargers, and poorly sized rims can all turn off potential buyers and hurt the resale value of your car. It is also worth noting that you can take certain add-ons too far, which will also tank your resale value. An upgraded stereo system may increase your value, but if you go too far and install enormous speakers that rock the car, then you are going to end up actually hurting your resale value instead of helping it.

Keep the car clean

If you want to get the most for your car, you need to make sure to keep your car spotless, both inside and out. There are two ways of doing this. First off, you can try running your car through a car wash and then thoroughly vacuum out the interior. This is a cheap way of doing it since car washes are cheap and most people already own a vacuum that they can use on their car. But, a regular car wash is going to miss a lot of dirt and simply vacuuming your interior will not get all the dirt, dust, and other grime out of the inside of your car. The other method you can try is going to a professional detailer. You are going to end up spending quite a bit more money, but the detailer will do a much better job of cleaning both the exterior and interior of your car. Plus, being able to tell a possible buyer that the car was serviced by a professional detailer will act as a better selling point than telling them you ran it through a local car wash. So, when it comes to the question of car detailing vs the car wash, there is no competition, car detailing is by far the better method of boosting your car’s value.

Keep the mileage down

This one is probably obvious to most car enthusiasts. The number of miles on a car is probably the first thing someone looks at when considering whether to buy a car or not. So, you obviously want to keep your mileage down to get more money for your car. When it comes to mileage, even small amounts matter. For example, consider a car that has 100,000 miles as opposed to 95,000 miles. 5,000 miles is not a huge gap (most people put at least 7,000 to 8,000 miles on their car each year) and yet to the average buyer, 100,000 miles look a lot worse than 95,000, even though it is an almost negligible gap. So, while you may not think a few thousand miles on your counter matters, it can have an effect on buyer’s perception of the car.

Follow your car’s maintenance schedule

A lot of car owners tend to disregard the maintenance schedule that all cars have in their owner’s manuals. These schedules will let you know what needs to be fixed and when. Instead, people tend to ignore these maintenance schedules and only get their car serviced when an actual issue pops up. If you want to get the most out of your car when you sell it, you need to follow the maintenance schedule. Furthermore, you should keep some sort of logbook detailing each time you got the car serviced and what exactly got fixed or serviced. Also, make sure to keep all the relevant receipts and documentation as evidence. Having a detailed logbook and receipts is a great way of showing to potential buyers that you kept your car in good shape with regular maintenance.

Know when to sell

In addition to doing things to keep your car in great shape, you should also know when to put your car up on the market. For example, think about possible holidays (especially Christmas) and when high school or college graduation season. All of these are great times to put your car up on the market, as there is a huge demand for used cars. Depending on the type of car you selling, summer and spring are great times to put up cars for sale. Sports cars, classic cars, and convertibles all sell best during the hotter months. On the other hand, avoid selling your car when new registration plates are issued. A lot of people choose to upgrade their car during this time, and the market becomes flooded with a glut of used cars. Selling at the right time, while keeping your car well maintained will result in you getting the absolute best value for your vehicle.