- Drive safely to avoid accidents.
- Keep up with regular maintenance.
- Store your car in a garage or covered parking spot.
- Avoid smoking in your car.
- Wash and wax your car regularly.
- Get moderate repairs done right away.
- Don’t make too many modifications to your car.
- Keep good records of all maintenance and repairs.
- Choose your car’s color wisely.
Did you know that cars are a massive part of the American economy? Automobiles play such a significant role in our society that they are inseparable from our day-to-day lives. Without them, our transportation system would come to a grinding halt. This is why we need to keep our cars in good condition and keep up with regular car maintenance.
Let’s be honest; no one wants to lose money on their car, especially when they know there are things they can do to retain its value. In this blog post, Auffenburg Hyundai of Cape Girardeau will go over the top 12 ways to keep your car looking good and maintaining its resale value.
Car Value: Why Is It Important?
Suppose you bought a new Hyundai Tucson for $30,000. You decide to sell it in three years and upgrade to a Hyundai Santa Fe. If your Tucson is well-maintained, you might be able to get $24,000 for it – that’s a car resale value of 80%. However, if you didn’t take care of it and it needs some repairs, you might only get $18,000 for it – that’s 60% of your car’s resale value. See the difference? Maintaining your car can significantly impact its resale value down the road.
Car Depreciation: How Does It Work?
Yep, all cars depreciate – it’s just a matter of how much and how fast. Once you drive a car off the dealer lot, it can lose up to 20% of its value. After that first significant drop, depreciation slows down but doesn’t stop. The average car loses about 20% in the first 12 months, and it doesn’t stop there.
So, what causes this depreciation? Many factors, such as make and model, driving habits, how you maintain your car, and even the color of your car, play a role in depreciation. But there are some things you can do to help offset depreciation and retain value in your vehicle.
Ways to Retain Your Car’s Value
1. Keep Your Wheels Clean and Polished
Your wheels play a significant role in the look of your car. Whenever you wash your car, take an extra minute to clean your wheels. Clean your wheels with a sponge if you want to avoid scratching the paint. If your wheels look dull, you can use a metal polish to make them shine.
2. Wax Your Car Regularly
Waxing protects your car’s paint from the elements and scratches. It makes it easier to clean your vehicle and keeps it looking new. You should wax your vehicle at least once a month, but more often if you live in an area with much pollution or if you wash your car frequently.
3. Keep Your Interior Clean
Your interior says a lot about how you take care of your car. A clean interior shows that you take pride in your car and care about its appearance. Make sure to vacuum your carpets and seats regularly and wipe down your dashboard and other hard surfaces. If you want, you can also use a leather conditioner on your upholstery to keep it looking new.
4. Avoid Unnecessary Modifications
While you might think that adding a spoiler or new rims will make your car look cooler, these modifications can decrease your car’s value. Stick to simple changes like new floor mats or a stereo system that you can easily remove at the time of resale.
5. Fix Any Dents or Scratches
Dents, door dings, and scratches can make your car look old and neglected. If you get a dent, try to fix it as soon as possible. You can usually do this yourself with a plunger or a vacuum cleaner if the dent is small enough. You may need to take your car to a body shop for bigger dents. You can usually buff it out with a polishing compound if you have a scratch.
6. Wash and Wax Your Car Regularly
Keeping your car washed and waxed will help keep the paint protected and keep it looking shiny. Take the time to wash your car at least once a week, and wax it every few months. If you don’t have the time to clean it, take it to the car wash.
7. Get a Decent Paintjob
Getting a paint job can make your car look good as new. If you plan on selling your vehicle, it is worth getting a professional paint job. Although it will be costly, it will be worth it when you sell your car. Consider it a smart investment.
8. Keep it Safe From the Rain and Snow.
If you live where it rains or snows frequently, wash your car and wax it often. It will help to protect the paint and keep it looking shiny.
9. Avoid Smoking Inside Your Vehicle
If you smoke or anyone else in your house does, it’s best to keep them from smoking in the car. The nicotine can yellow the paint and upholstery over time.
10. Avoid Eating and Drinking inside the Car
Eating and drinking in the car can cause stains on the upholstery. If you eat or drink in the car, use a coaster or place a napkin down first.
11. Drive Safe to Avoid Accidents
This one is pretty obvious, but it’s worth mentioning. The safer you drive, the less likely you will get into an accident. Accidents can cause major damage to your car, which will lower your car’s resale value.
12. Keep Up with Regular Maintenance
Finally, keeping up with regular maintenance is the best way to retain value in your car. It includes things like oil changes, tire rotations, and tune-ups. By keeping your vehicle in good condition, you’ll get a higher resale value when it comes to selling it.
These are just a few ways to help retain your car’s resale value. Focusing on these key areas allows you to keep your car in good condition and get a higher price when it’s time to sell.
If you want to get your car maintenance in check, bring it down to Auffenburg Hyundai of Cape Girardeau, serving in Illmo, MO. We handle all car maintenance needs and would be happy to help you get your car in top condition. Our expert technicians will be able to help you with all your car needs.