Depreciation is by far the largest motoring cost any of us will face. The trouble is that because it is hidden in the excitement of buying your next car we all tend to ignore it, writing it off an unpleasant necessity. Yet there are things you can do to minimise that loss, even if it can’t be avoided entirely. That’s why we have made this guide full of the best tips to maintain the value of your car.
It’s easy to lose track of when your car’s next appointment at the garage is due. However, a missing service stamp, or even a service that was completed late, can be enough to scupper your car’s resale value. Setting a reminder in your computer or phone calendar should be all it takes to get the job done on time.
Keeping your car clean is the number one way to protect your car’s value but that doesn’t mean that you have to spend your life washing and polishing it. A quick rinse every fortnight should be enough to get rid of everyday dirt but there are two areas that you may not even have considered that might need a bit more attention: bird droppings and brake dust. A one-off full-on valet – DIY or professional – to bring your car back up to pristine condition should contribute to maintain the value of your car.
It’s always a good idea to try and protect the appearance and health of your tyres. This means avoiding hitting kerbs, checking for cuts and making sure they have enough air in them. It could cost you anywhere between £25-100 per wheel to get them refurbished and maybe more to get them replaced, so its worth giving your tyres the attention they deserve, especially to maintain the value of your car.
Also, when it comes to buying new tyres, it is worth sticking to the manufacturer’s recommended tyres and
making sure that all four match. This gives reassurance to potential buyers that you’ve maintained it regardless of cost.
Always keep your old receipts and invoices, even if that just means sticking them in an old envelope in a desk drawer. Nothing reassures people like the sight of a stack of old bills to back up your claim that you’ve kept on top of the repairs and servicing.
It will only take you 20 minutes or so to check your car’s fluids and tyres, doing so could help prevent a costly mechanical failure. Aside from that, every potential buyer will be impressed with an owner whose car has obviously been looked after.
Scratches, marks and dents
Small scratches and dents are a sad fact of life, but you don’t have to just put up with them. Parking in a more deserted area of the car-park might be all it takes to avoid these irritating marks, but if your car does succumb there are plenty of ways to repair the damage which will prove fundamental to maintain the value of your car.
Use your garage
If you’ve got a garage, then it’s worth investing a weekend to clear it of junk so you can park your car in there. Not only do you make your car safer, but insurers also prefer it, so you could save some money at the same time!
Do you know of any other tips that you find helpful to maintain the value of your car? If so, let us know on our social channels! We are @twwhiteandsons on Twitter and Facebook. Check out our Blog for more content!