If you keep at least a little space in your mind that you are going to sell your car in the future better remember that most often, buyers are pays more for a car that has a full set and complete line of maintenance records. After all, it is what the buyer will ask of your first. As I mentioned in my previous post, asking for the vehicle’s history of maintenance and problems should be your number one question to prioritize. On the other way around, if you would like to have no sweat in making a deal for your car, maintaining its resale is must.
So start taking extra good care of your vehicle. Maintenance of its engine performance and those components that are not easy to be and get replacement should be where you should focus more. Put on the last of your list the components that have less expensive replacement or that it is easy to be reinstalled and will not affect much the value of your car like door handles and mirrors.
Remember also that car maintenance varies depending on several factors. If you are leaving in a coastal area where early rusting tendencies is possible, then it is just appropriate to give your vehicle a double maintenance routine than living elsewhere. Take note also of the weather pattern your place has, it is a more snowy part of the country? If yes, you better install or pre-coat your vehicle and its component with rust-proofing or protectant.
To put it a manner of list, here are some question that will affect your car’s routine maintenance or that on its car value.
- Your Place. As I mentioned, the place where you live matters.
- Demand for your Car. In this where the principle of economics enters, as the supply is greater the demand is lesser. Say, there are lots of this particular make and model as yet, of course if you are going to sell yours its selling price will rocket down. That’s why some manufacturer releases an entry trim under limited edition so they can double its price.
- Vehicle Performance. Who does not need extra powered car these days? 1 out of 100 buyers’ maybe.
- Your vehicle’s popularity. This goes to manifest that if your car lacks information or reviews about it, then impacts your car in a quite bad standing. But popularity doesn’t always mean ubiquity or overproduction of its same model.
- Damage. Especially those that is easily seen or quite visible. Be sure to repair any sign of damage to you vehicle especially those minor fender-benders. This will also leave an impression that you as a driver or owner doesn’t take good care if your car. In most instances, buyers do background check on the owner as well. Crack windshield is also a big NO and must be immediately replaced. Never mind the cost of replacement. The price mark down is more of a waste rather than the cost of its replacement. Take notice also with the scratches and dings, these may seem harmless but it will rips off much from your vehicle’s resale value.
- What is your vehicle? I mean its make and model. There are just make and model that the price from its name. That’s what you called preceding reputation.
Well, basically that’s it. You need to ask yourself or check your vehicle with it. For my next post, I will make a short list of tips to maintain the resale value of your car. Either you have the intention of selling it or not, keeping your car maintained should be done.
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[...] Here is my follow-up and part II post of my blog entry “Keeping Your Car’s Resale Value”. [...]
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