Most people buy a car with the thought of keeping it until it’s run down. Inevitably, reality kicks in and you’re suddenly forced to sell, whether you are trading it for a bigger set of wheels or just upgrading for status’s sake. Either way, you face the reality of resale value, and it can be either a favourable surprise—or a cold wake-up call.
If you’ve done any of the following, it might be best that you start addressing them before selling your car:
No Maintenance Records
One of the surest ways to get the biggest possible value for your car is keeping and providing documented proof that you took care of it very well. Dealer invoices, receipts of all oil changes, work summaries, and regular tune-ups are a no-brainer when you want to get the full asking value during selling time.
If you don’t produce records, a prospective buyer can get a hint that you do not maintain your used car. The best thing you can do is to look for companies, such as Pickles.com.au, that offer valuation services. This way, you can get the maximum value on your car even without keeping records.
Dings, Scratches, Mechanical Defects
This one probably seems like a no-brainer, but apparently, some car owners do not understand that fixing even the smallest issues can go a long way. If you have a scratched-up fender, some dollars at an auto shop will take care of it. For minor scratches and chips, touch-up paint can make it look good as new.
Some people also sell their used car without knowing its mechanical condition. Have your car inspected thoroughly before putting it up for sale.
Let’s say you own a Dodge Neon. You installed an exhaust system louder than World War I, gold-plated rims, and a huge spoiler that looks out of place. You put it up for sale and it only sits there. You ask yourself, “It seems perfect. Why aren’t people buying it?”
Aside from crafting a niche vehicle, those modifications are only too showy. Unless the buyer takes part in drag races, nobody wants an over-customised vehicle. After all, who wants to deal with all the headache of fixing a souped-up exhaust kit or an aftermarket turbocharger?
Not being prepared comes the time to sell will hurt your car’s resale value. It depends largely on what you did with the vehicle and how well you have kept it.