Whether or not you are planning on selling your car this year, you should know how to get the most out of the sale. With the extra cash you get from the sale, you can buy a more recent model and avoid paying higher maintenance costs as your current vehicle depreciates. Regardless of the number of years you have owned your vehicle, you need to consider the improvements that will increase the selling price. Here are a few of the best ways to achieve that for Car for Resale:
- Keep it in good condition
Your vehicle depreciates through prolonged use. Regular wear and tear can take a toll on the performance and appearance of your car, but minimizing the impact of natural deterioration is a matter of following a regular maintenance schedule. For this, consider bringing your car to a mechanic every 10,000 to 12,000 miles.
You will also need to give the car an oil change every six months or depending on how often and how far you drive. Through regular maintenance, you can reduce your repair costs and keep it in good working condition so you can sell at a better price. Just be sure to practice accurate documentation with regard to your vehicle’s condition.
- Invest in repairs
No matter how safe you are as a driver, your vehicle is still susceptible to damage. Minor issues such as a scratched paint job or a chipped windshield can affect the resale value of your car. For this reason, you might as well repair these issues no matter how minor.
The smallest sign of damage would be enough reason for a buyer to negotiate a lower price. Although you will be paying out of pocket for these repairs, you can still get a good return if a buyer accepts your asking offer.
- Add improvements
When it’s time to sell, there are a number of improvements that can add a significant amount to the selling price. If you are also a luxury car owner, consider getting your car detailed and adding new features such as IoT connectivity and an improved safety system.
Consider an advanced collision mitigation system and automatic brakes. In addition, you may want to replace the tires prior to selling. Keep in mind that not all improvements can increase the resale value, especially if you are opting for a trade-in.
You may also check out performance-enhancing improvements like a spoiler and dual exhaust parts from suppliers like Monaco Motorsports can also increase value and attract the attention of exotic car collectors.
- Get it appraised
Once you have prepared your car for selling, you will need to get it appraised so you will know a fair price. With the help of an auto-appraiser, you can assess the car’s actual condition. This prevents the buyer from low-balling your car and gives you more cash for your next purchase.
With these tips, you will be able to leave the negotiation with more money for a nicer and more sophisticated vehicle.
