These Bad Habits Are Killing Your Car’s Value!

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We all know that when we purchase a car, we’re going to lose money on it. Unlike a house which gains in value year on year, with cars it drops (and quickly at that). It’s just the way things go, and something we just have to accept when buying a vehicle. However it’s not to say that our car will be completely useless after we’ve had it for a while- and depending on the model you pick and how well you treat it, you could get some decent resale value on it. This is important as this money can allow you to put down a deposit for your next car. With that being said, there are a few bad habits and things we do that could well be decreasing our car’s value. Here are a few of them!

Not Keeping Receipts For Work Done

Cars might be powerful machines built to last, but like with any machine parts can break down and wear out over time. Over the course of your car’s life, you’ll more than likely have had a number of repairs done. It’s important that you keep receipts, invoices and other proof of this work, that way you can inform your buyer and it gives them peace of mind that these parts won’t need replacing again any time soon. This can allow you to bump up the price of your vehicle. Without this proof you could have a difficult time showing what work was done and have to price your car accordingly. Keep all of your car paperwork together and you know exactly where it is then if you ever need it.

Cosmetic Modifications

You might think a custom paint job, tinted windows and lowered suspension look cool, but when you come to sell your car you’re likely to find that others don’t share your views. If you know you plan to sell your car later down the line, keep it as close to stock as you can. We all have very different tastes, and so it’s best to keep the car how it is to appeal to as many buyers as possible and allow you to get the best price. Because certain modifications can even increase insurance prices, lots of people won’t want them and it can put people off from buying your car.  

Not Going For Services

One way to get the best price for your car is to show that it’s been well maintained. Buyers love to see a full history of services, and if they know you’ve had it looked at (and any work completed) every six months it gives them peace of mind. You could choose to have your car serviced at a specialist garage, for example if you own a BMW then a BMW service means they have all of the right diagnostic equipment and tools for your particular brand of car. But even a regular service at a local garage is better than nothing. This is useful for you too as it allows any problems to be spotted early and could save you from expensive repairs. Plus it ensures all of your fluids, lights and everything else are properly topped up.

Neglecting Its Appearance

You might have bought your car as an old runaround and aren’t too bothered about the way it looks, but the next person probably will be. No one wants to buy a car that looks battered and neglected, so if yours does you’re looking at a big loss of potential profit. Scratches, dents, rust, even a dirty interior can all put off buyers and mean you struggle to sell your car– or get the best price for it. Even if you’re not too precious about your car yourself, it’s worth taking care of it if you know you will be selling later on. Wash it every couple of months, being sure to get in the wheel wells and anywhere else that mud or salts from the road could have splashed on. This prevents damage and rust from forming. Use a proper car shampoo and the right cloths to avoid scratching, and cover it with a protective wax. You could take it to a car wash if you don’t have the time or inclination to do all of this yourself, lots of places can clean the inside for you as well.

Selling With Minor Issues

When a buyer is coming to look at your car, the slightest thing could put them off. That warning light on the dash might only be amber and therefore not a huge deal or emergency, but it will be a big deal to someone buying your car. If it takes a couple of times to get it started, you might know that it sometimes does this in bad weather and always starts eventually but they won’t. Your car not opening first time might just be a result of the battery dying, but it’s something that could make them think twice, or choose a different car over yours. Have all the little niggly jobs sorted before you put your car up for sale. New window wipers, car key batteries and things like new bulbs aren’t expensive but if you car needs them it’s worth paying to have them done first. Pump up the tyres, check that all of the switches work- the little things do make a difference. Otherwise people will be put off, or try and knock a significant amount off the price.

Selling With No (or Short) MOT

Finally, one of the main things people will look at when they’re buying a car is how long is left on the MOT. A car that has recently been MOT’d shows that it’s safe and in full working order. Being close to the date (or having no MOT at all) can put people off in the worry that they might be stuck with large repair bill shortly after forking out for the vehicle. Have an MOT done if yours is due to end soon and you will increase the price of you car.

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