Are you aware of the fact that cars drop between 15 – 50 percent of their worth during the initial year on the road? Unluckily, there is no other way to avoid devaluation. But there are some ways through which you can try to slow down the process of devaluation and still get a better price for your car when the time for selling arrives.
Select Your Car Sensibly
The best practice for avoiding devaluation is to start by selecting a car, which will not lose its worth quickly in the selling market as compared to other cars. Cars undergo from the most quick devaluation rate in their first two years on the road, so from this aspect, it’s wise that you buy a used car rather than purchasing a new one.
There is a high demand for less expensive vehicles so fuel-efficient cars are more likely to retain their value for a longer period of time. We all like to own cars, which reflect our personality, but don’t forget, this personalization can have a great impact on your car value. Keep in mind the cars with standard colors like black, white, silver, blue, and red, as these will retain their values for a longer period of time rather than the cars, which are in rare shades.
If you want to sell your car quickly online then there are many online depreciation calculating websites, which buy used cars with low resale value for the best price.
Keep Visiting Your Mechanic
Getting your car checked on a monthly basis is a good practice, as it will keep a check on any minor issue and will fix them before they turn into major issues and devalue your vehicle.
Keep those receipts and save them with you in a file along with other documents so that when you intend to sell it and your potential buyer visits, he can see that the car has been serviced regularly and was taken good care of.
Keep Your Car in Proper Condition
If you got your weekends free, spend an hour or two in keeping the basic maintenance of, as in the future it can reduce devaluation. Check the headlights and taillights if they are working or not, replace the worn out wipers, and keep the oil filled in. These minor checks will keep your car both in shape plus it will be good in performance, but it will also prevent any extra repairing work cause due to negligence.
Check The Mileage Level – Low Is Best
When it comes to mileage, it’s a really simple explanation: the more miles your car has covered, the lesser worth will be of your car. So consider this point before driving all the way to the five minutes’ walk market.
Also keep in mind, that it’s not a good idea to keep your car not running for a long period of time, as it will cause some really expensive mechanical issues – so it’s all about equilibrium (balance).