Login
Password

Forgot your password?

Preserving The Resale Value of Your Used Automobile

By Edited Nov 13, 2013 0 0

Tips On How To Main Value On A Used Car

Most people are concerned about preserving the functionality and aesthetics of their cars.  Unfortunately, these individuals do not consider their resale values until it is actually time to take them to market.  As a result, consumers often have to accept far lower prices than they were expecting.  Following are a few tips that will help you to keep your auto in top condition and to get an optimal price for it when passing it on.

Keep Your Maintenance Records

Every time you replace any part on your car, it is best to keep all of your receipts.  The same is true of your routine maintenance.  These efforts show that the vehicle has been diligently kept in prime working order.  They also help sellers to ask for more during the negotiating process.

Choose Your Insurance Company And Car Warranty Carefully

Many low-cost insurance providers and substandard car warranties make it necessary for drivers to have their cars repaired with reconditioned parts.  Not only are these parts less reliable than those that are purchased brand new, but they also lower the resale value of the vehicles they are used in.  This is especially true if you have only recently purchased your auto brand new.  It is best to pay a bit more for quality coverage and a solid vehicle maintenance agreement.  Doing so will provide you with continual access to brand new parts.

Go Over Your VIN Report

A VIN report lists everything that has been reported concerning a specific vehicle identification number.  All cars have one that is absolutely unique and thus, their related reports should only contain information that is relevant to their own histories.  As with credit reports, errors are likely to occur.  Sometimes insurance companies will report claims or accidents that are not accurate to the vehicle.  This is usually a simple matter of numbers or letters having been transposed.  Simply contact the insurance company and let them know of their error.  VIN reports or vehicle history reports are important documents that people will usually request when buying used cars.  Because of this, in order to get a fair selling price you must make sure that this document is entirely factually accurate.

There is also the matter of upgrades to consider.  A lot of people invest in flashy gadgets for their cars thinking that these will enhance their resale value.  It is best to add practical features that will have a more general appeal.  This way, whether you are listing your auto privately, or choosing to use a major and trusted used car buying service, you can be sure to get the largest possible sum for your vehicle.

Advertisement
Advertisement

Comments

Add a new comment - No HTML
You must be logged in and verified to post a comment. Please log in or sign up to comment.

Explore InfoBarrel

Auto Business & Money Entertainment Environment Health History Home & Garden InfoBarrel University Lifestyle Sports Technology Travel & Places
© Copyright 2008 - 2016 by Hinzie Media Inc. Terms of Service Privacy Policy XML Sitemap

Follow IB Auto