December 27, 2024

How To Help Retain Your Vehicle’s Resale Value

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The moment a car drives off the dealership lot, its value starts to decrease—and this happens quickly. On average, vehicles lose about 20% of their value within the first year, with depreciation reaching approximately 40% after five years. However, there are ways to slow this decline.

Staying on top of routine maintenance is crucial for preserving your car’s value. Regular services like oil changes, tire rotations, and scheduled inspections help keep your vehicle running smoothly and looking its best. Following your mechanic’s recommendations can make a significant difference in long-term performance and value retention.

Another effective strategy is keeping detailed records of all maintenance and repairs. Documenting dates, mileage, and the services performed shows potential buyers that the vehicle has been properly cared for, enhancing its resale appeal.

When purchasing a car, it’s wise to consider its future resale or trade-in potential. Understanding market trends can help you make informed decisions when it’s time to sell or trade.

For more ways to protect your car’s value and get the best return when selling, check out the infographic below.

Content created by Capital Auto Auction, reputable car auction company

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