Before rushing to stick a 'For Sale' sign on your car window, you may want to consider its potential resale value first. Sprucing up your car could possibly add hundreds of pounds to its resalable price and with a better price tag, you can add extra cash towards your next car. Each year, cars can devalue by hundreds of pounds, especially if a car has not been maintained properly. To get the best price for your car follow these tips.
Top tips to increase the resale value of your car
One of the best ways of ensuring a great resale value is to buy a car that does not devalue quickly in the first place. Another key factor to enhance the financial return is to keep your car maintained. The interior and exterior condition of a car speaks volumes to prospective buyers, even dealerships take this into consideration when part exchanging.
The reason many people may not receive a high resale value is down to not replacing parts, as and when they fail. Prolonging the inevitable faulty part could possibly damage other parts, so always replace parts immediately as to avoid an unnecessary heftier bill in the future.
Contrary to popular opinion, customizing your car does not necessarily add value. Should you want to customize, ensure the modifications do not damage the car's original appearance. Each person has different tastes, so fitting flaming hot red leather seats with a spotty black dashboard may not appeal to everyone. The more you alter your car the harder it could be to sell.
Every car needs a service! To keep its resale value ensure all services are up to date. Whatever you spend on your car keep the receipts, including servicing and MOT's. Car receipts should be stored in a folder; they are proof of maintenance. Some people prefer to repair and service their own cars; this is perfectly okay providing the log book is kept updated and the receipts are kept as proof. For those who prefer a local mechanic to repair and service their car, please keep those precious receipts safe.
When selling a car it needs a professional looking valet. This can be done by yourself or from a valeting service, which could cost £50 to £80 depending upon your location. DIY valeting is a lengthy process, but the effort will be worth it. Use top quality products to add shine and protection to the cars paintwork, alloys, windows, dashboard, upholstery and carpets, etc. Light scratches can be T-cut and polished out to enhance resale value.
Careful driving is essential since car dents can devalue a car. Furthermore, not forgetting the cost of any repairs should you have had an accident. Shopping is another issue, trolley's can be a pain to manoeuvre, if steered wrongly they could seriously put a dent in your car. No matter how big or small, dents do not look cool when selling a car.
To ensure the greatest profit, sell with a six or twelve-month MOT. If the car is due a service make sure you have it done before slapping a for-sale sticker on the window. Some good places to sell a car is eBay if you need a quick sale, alternatively you could try Just-Auto.co.uk, Auto Trader, Gum Tree and your local newspaper.
Maximum profits means avoid part exchanging at a car at dealership, they will always offer you the minimum price. Cars can sell quite quickly privately if they are presented well, this means you should receive a higher resale value.
Here are some points to consider when buying another car with the view of ensuring maximum profit. Consider buying a car with metallic paint, air conditioning, built in sat nav, leather seats, parking sensors, low road tax, high mpg, heated seats if you live in a cold climate, sunroof for the sunnier climates and lastly an automatic gearbox. These can add great resale value to any car.