Cars are one of the biggest investments many people make over the course of their lives, spending thousands on vehicles that can transport themselves and their families from A to B. In that respect, they’re very valuable commodities – but in purely financial terms, cars begin to depreciate in value the moment you sit in the driver’s seat and turn on the ignition for the first time.
Most people will only start to consider the value of their car when it comes to selling it – and by that point, there’s not much you can do to boost the value. Check out our top tips for maintaining the value of your car as much as possible, for the best return when you do eventually sell up.
Keep the car indoors as much possible
If you have a garage, make good use of it! Lots of people with garages simply use the space for storage (or an extra room), leaving their car on the drive. But protecting the vehicle from the elements can keep it in good condition for longer, helping it to maintain its value as much as possible. Not to mention it reduces the risk of it being stolen!
Don’t smoke in your vehicle
Luckily, there are already some UK laws in place which prevent smoking in vehicles when children are present – it’s now illegal to smoke in a car with anyone under the age of 18. Refraining from smoking in your vehicle will also keep your interiors fresh and clean. If you’ve ever got into a smoker’s car, you’ll know that the smell can be hard to shift, even after a deep clean. When it comes to selling your car, that tell-tale smoky odour can knock hundreds of pounds off your asking price.
Investigate problems as soon as they arise
Every car will encounter some kind of problem in its lifespan – it’s important not to just ignore it and hope it will go away. If you hear an odd sound from the engine, if your check-engine light flicks on, or if you’re having trouble with the gearbox, get the problem checked out right away. Otherwise, the problem could progress and you may need to invest in extensive repairs before you sell.
Keep hold of all your service records
If you’re going to sell the vehicle privately, it’s a good idea to keep hold of all the service records you accumulate over the years. This will demonstrate that you’ve kept the car in great condition, and you’ll have proof to show any potential buyers. Nobody wants to buy car with a dubious or unproven history, and if you can’t provide any records, you might be forced to compromise on price.