The depreciation of a vehicle is an unfortunate certainty in car ownership. Regardless of how new or old your car is you won’t avoid its value falling as soon as you start driving around. As frustrating as this is, rather than just let this inevitable process damage your resale value, the sensible option is to do your best to fight back.
So if you’re wondering how you can go about this, you’ll be pleased to note that there are several ways and means you can avoid car depreciation. What follows in this post are some methods for you to consider:
Look After your Car
Taking the time to look after your car properly is a big help. As simple as it sounds, things like maintaining your service schedule and regularly replenishing levels and replacing old and worn features of your vehicle really make a difference. One of the biggest battles here is making sure you regularly keep on top of this.
Adapt your Driving Style
High-revs and an aggressive driving style can be damaging and detrimental to the longevity of your car’s engine, suspension and tyres. Yes, it can be quite enjoyable to let your car stretch its legs and see how much power you can get out of it, however, if you want to protect its value you should adopt a more conservative driving style. Keep revs low and take extra care when driving on country roads.
Avoid Unnecessary Journeys
As suggested above, there is the unfortunate reality that every single time you drive your car its value drops. So, the easy solution to this problem is to avoid driving your car as often. Don’t take this to the extreme though, just avoid shorter and unnecessary car journeys and walk to your destination instead.
On top of all of these recommendation though comes arguably the most important factor – the car itself. For second hand buyers in particular,you should look for:
• A full service history
• Low mileage
• A clean driving history
• Good condition
• A reasonable age (if used)
Reliable retailers like Exchange and Mart for example, will provide you with all the information you need to ensure your car fits this criteria and you don’t fall foul of any unforeseen issues that can really affect its resale value.
So, take on board some of these recommendations and if, and when, you decide to sell on, you may get with more money back than you think.