Maximise Your Vehicle's Value with These 5 Tips | Midas

The process of selling your car is not as simple as you may think. Vehicles depreciate in value over time - though the rate of depreciation varies between models, a car inevitably loses at least 30% of its value in the first three years of ownership.

If you’re thinking of selling your car don’t worry, there are certain steps you can take that will increase a car’s resale value. Do keep in mind that increasing the resale value of your car starts the moment you buy it, so even if it’s not in your agenda to sell your car in the near future, it is important to always keep these things in check, just in case.

1. Observe Proper Maintenance

Observing proper maintenance from day one will definitely increase your car’s value when it comes time to sell it. It is important to have your vehicles regularly checked by vehicle service professionals. This is because proper and preventative maintenance can address problems at early stages, and can save you time and money – the more diligent you are with regular check-ups, they higher your chances of catching big problems before they’ve fully developed.

This also includes a variety of standard upkeep procedures, like checking wheel alignments, changing oil, etc.

2. Keep It Clean

Keeping your car clean should already be a given. It may seem obvious, but keeping your car clean is especially beneficial to those who are thinking to sell their vehicles, since it is one of the easiest ways to improve its market value. And it’s not just the outside you should keep clean – it’s easy to stop paying attention to your car’s interior when you’re the only person who sees it day in and day out. Keeping your car aesthetically pleasing on the outside and keeping it comfortable on the inside will speak volumes as to how much value you put into taking care of your car, and this will attract more potential buyers.

3. Replace Parts as Needed

When it comes to replacing consumable parts, there are a few things that you need to keep a constant eye on. For instance, your vehicle’s tyres take the most beating over the years. The condition of your tyres can determine the car’s total selling value, so if you feel like a replacement is necessary, you should definitely ask to order new tyres ahead of your next service.

The same thing goes for your windshield wipers and headlights. Windshield wipers are a cheap and an easy fix that can add value to your vehicle, and replacing headlight bulbs is much cheaper than dealing with the consequences of leaving it blown. The essential rule of thumb to follow is ‘if it doesn’t work, replace it.’ The cost of the replacement is less than what you will lose on the sale price if you leave it as is.

4. Track your Mileage

Manage your expectations when your car has driven long distances. High mileage can greatly decrease the sale value of a car. The more miles you put into the car, the faster it depreciates, so if you’re planning on selling, it’s best to track your mileage and sell before you hit too high a milestone.

5. Keep Record of Service History

It is important to keep track of all the repair and maintenance work your car has undergone, whether this is service record, warranty, finance contracts, etc. You will need all of these so you can present them to prospective buyers who need to learn your car’s history. The papers are one form of proof that your car is well-maintained, and proper documentation is necessary to keep the transaction above board.

Thinking of selling your car?

If you’re weighing up complex, major repair work, and selling your car, consider a Vehicle Inspection by the trusted mechanics at Midas. We can let you know exactly what condition your car is in, and help you make a fully informed decision. With Midas, you can be assured of great value service, maintenance, and repair work for any car, van, UTE or SUV. For peace of mind, get your cars inspected with us today.