If you plan on selling your car anytime soon then you will want to get maximum value for it. Unfortunately, depreciation rates mean that owners can take large financial hits when the time comes to sell their car, but you can take steps to maximize the resale value which will make it less of a loss and give you more money to put towards the replacement vehicle. It can take some time, effort and money to maximize the resale value, but this can speed up the process and you should be able to recoup the cost of the efforts in the resale value.
First, you should be performing regular maintenance on the car to keep it in good health. A neglected car is one which can be costly and hard to keep on the roads, so you will want to avoid this at all costs by carrying out regular maintenance, such as:
- Topping up fluids
- Keeping the tyre pressure correct
- Rotating tyres
- Changing the oil
- Replacing spark plugs
Get Any Repairs Carried Out
Nobody wants to buy a car that they know needs work and if they do then they could negotiate a much lower price. This is why it is important to get any basic repairs carried out before you try to sell the car. You might find that this is something that you can do yourself to save money as you can find affordable pick and pull car parts online and there are lots of easy to follow videos online for basic car repairs.
Cleaning Inside & Out
When people are shopping in the used car market, they do not want a car that feels dirty or lived in. This is why you need to clean the car thoroughly both inside and out before showing it to anyone so that it is as clean, attractive and new-looking as possible. The final step in car detailing process should be waxing, check out this comprehensive guide on the best car waxes in case you would want to get one.
Fix Dents, Dings & Scratches
Any dents, dings or scratches to the exterior can put off a potential buyer of the car. These are minor issues which can be easy to fix yourself with the right tools and kit so give the exterior a careful examination and restore the car to its former glory to attract buyers.
Tyres are a good indicator as to the car’s general condition, so it might be worth replacing the current set if they are looking worn or damaged. This can be a cost, but you could recoup this in the resale price while also making the car much more attractive to potential buyers.
Get Paperwork In Order
It is often a forgotten aspect of selling a used car, but you must make sure that you have your paperwork in order if you want to command the highest price for your vehicle. This will include notes and receipts of any repair work, servicing, warranties, financial contracts, the logbook and the owner’s manual.
Follow these steps and it should help you to maximize the resale price of your car. It can take some time, money and effort, but you might be surprised at just how much more money you can make with these steps.