If you’re considering selling your vehicle, you probably already know that most car models have a substantially low resale value. While this is because vehicle value depreciates over time, there are a few practical ways to keep value intact over the years. What’s more, it’s also possible to effectively enhance the resale value of your vehicle before selling.
In this article, we discuss the different ways you can significantly boost vehicle value.
Purchase An Extended Warranty
If the original manufacturer’s warranty on your vehicle has come to an end, it’s wise to purchase an extended warranty. Even though you’re planning on selling the car, these service plans can significantly boost the value as they are transferable to the new owner for a small fee. Moreover, extended warranties offer a lot more than the original manufacturer’s warranty.
With this, it’s also essential to choose the right warranty plan. Look into top-rated warranty providers and compare costs versus coverage differences. You’ll find Endurance warranty costs are a bit higher than other service plans, although this particular provider is renowned for the best coverage.
Prioritize Essential Maintenance
If you haven’t been keeping up with vehicle maintenance, now is the time to prioritize a full service with a registered garage. Depending on the level of neglect, your vehicle might need a bit more care and attention, although this will dramatically boost the resale value.
Have The Cosmetic Details Retouched
Suppose there are a few nicks, bumps, or scratches on the bodywork of your car, or the interiors are looking a little shabby. In this case, having the cosmetic details retouched by a professional service can significantly increase the resale value.
In some cases, a complete respray is the best option, while new interiors will also offer an incredible return on investment. Even though this might cost a bit, you’ll find buyers are a lot more interested in a vehicle that looks new.
Invest In A Professional Clean
Professional car detailing can add quite a bit to the resale value of your car. And your car will probably sell a lot faster too. These services will clean the dash and console, carpets, the interior seats and polish the exterior.
List Your Car The Right Way
As a private seller, it’s important to list your car correctly. You’ll need to take professional photographs that showcase the superb condition of your vehicle. But before you can create the listing, it’s essential to get all the paperwork in order, ensure there are no outstanding fines, order a vehicle history check, and then you can create an ad that sells.
Excellent, crisp photos are essential, and so is the listing description. Beyond this, post your listing on as many selling platforms as possible, from Craigslist and Facebook Marketplace to Autotrader and everything in between.
Lastly, be sure to list your vehicle at a slightly higher price to ensure you can accommodate potential negotiations. But don’t ask too much, because this mistake will repel buyers.