How Vehicle Maintenance Affects Its Value
It’s a well known fact that your vehicle depreciates in resale value the moment you drive it off the lot. After several years of use, you won’t be getting a huge return when trading in or selling your pre-owned vehicle. However, you can mitigate some of the depreciation by ensuring your vehicle remains in excellent condition before it’s time to shop for something new. Read on with the service experts here at Hinton Dodge Chrysler as we take a look at how you can maintain both your vehicle, and its value, at the same time.
Overall Vehicle Health
Not only does maintaining your vehicle save you money by keeping fuel efficiency optimal, it also reduces the price depreciation on your vehicle when the time comes to trade or sell it. A vehicle that looks and performs as close to new as possible is going to be more appealing to third-party buyers, and will require less work for resale by a dealership. This means they’ll be willing to pay more to take it off your hands.
Tires
Maybe it’s unfair to judge someone on the quality of their shoes, but when it comes to vehicles, many buyers will do just that. Worn-out or neglected tires are often seen as a sign a vehicle hasn’t been well maintained. Keeping your tires healthy, rotated, and properly inflated will extend their life. An investment in a new set of tires may also help bolster the eventual resale value of the vehicle when the time comes to trade up.
Service History
Hold on to your service receipts! A well-documented maintenance history on a vehicle is a reassurance to a prospective buyer that you’ve been looking after it. Dealers, in particular, love to see a clean bill of health for a vehicle, and a detailed service history will give them the confidence to offer you more.
Trade In Your Used Vehicle in Perth, ON
When you’re ready to trade in your old vehicle for something new, our team would be happy to take it off your hands. We can even give you a no obligation appraisal before you shop! When the time comes for your next new vehicle, make Hinton Dodge in Perth, ON, your first stop.