Increasing car resale value involves maintaining and improving its condition, appearance, and documentation. As a car owner, the thought of reselling your vehicle often crosses your mind. Whether you are looking to fund an upgrade or meet unforeseen financial requirements.
However, achieving this goal isn’t always straightforward unless you know the strategies to attract great offers from potential buyers. In this guide, we will walk you through five steps you can take to increase your car’s resale value, ensuring you receive the full worth of your vehicle:
5 Tips to increasing your used car resale value
1. Upgrade the interior
A potential car buyer always wants to check out the interior, and the things he sees inside the car will definitely influence his decision either to buy or walk away.
It is normal for a car that is over 10 years old to depreciate or to have a worn-out interior, but there are several ways you can upgrade its look and feel.
Things like getting new seat covers in a complementary colour, replacing the floor mats, and installing a new ones. Visibly modern stereo can instantly increase your car resale value.
2. Try to keep the mileage low
The car’s mileage is another important deciding factor for car buyers. A car can be relatively new and in a good condition visually, but if its odometer is showing a mileage of more than 150,000-200,000 kilometers, you instantly become worried about what’s going on inside.
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If you plan to sell your car in a few years or even months and your mileage is already high, it makes sense to only drive it when you absolutely have to and use other means of getting where you want whenever possible.
3. Regularly maintain your car
This is a rule that is important not only for your car’s resale value, but also for making sure your car serves you a long time without any issues.
For newer cars, you will have your own maintenance schedule specified by the manufacturer. With older cars, it’s important to get them checked once a year or once every 20,000 miles.
Replacing the oil and filters are also essential parts of the car maintenance process. Remember to keep maintenance records that you will then be able to show to the prospective buyer.
4. Store your car properly
Your driving style and maintenance schedule are important for selling your car at a good price, but so are the storage condition. The worst scenario, in this case, is keeping your car in the open air.
Not only is it prone to a break-in, but is also exposed to all kinds of elements, from sandy winds and hail to the sun hitting it directly and damaging its paint and overall look.
Ideally, you should keep your car in a garage, but if that’s not possible, keep it in a car cover and don’t put it directly under a tree since it can be damaged by falling branches and fruit.
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5. Clean your car rigorously
As a car owner, you probably clean your car regularly but you probably just wash it with a hose and take out the trash from the interior.
When you want to sell your car at the highest price possible, you need to be more thorough than that. You will need to use different cleaning products such as, sponges, and brushes to clean your car even in spots that are hard to reach.
You will also need to clean the interior, especially if your seats are stained. Waxing your car is a great way to give it a polished look with relatively little effort.
Summary
Remember that the specific steps you need to take may vary depending on the make and model of your car, its age, and its condition.
Needs help on how to get a better sense of your car’s current resale value? Consult HexoAutos Nig Ltd on +2348149754554