If you buy a car to use it for a few years and then sell it to upgrade to a better model, the most important thing is to preserve the cars resale value. There are multiple ways to ensure that you get good money when you decide to sell your car. Let’s take a look at them:
Make a wise purchase
To sell your car on a good price, make sure you buy a car that is popular in the Emirates. Cars that sell the most in a country remain in demand even if they are used. Explore the top brands in your country and go for the most popular model. For instance, you can go for Toyota Corolla which is one of the best selling cars in the UAE.
Keep your car in good shape
Everyone takes extra care of their car when it’s a recent purchase, but once they get used to it they tend to become careless. The occasional scratches and dents on your car’s exterior that you were too lazy to get repaired can cost you some serious cash if you decide to sell your car. Also, wash your car regularly to prevent dirt and grime to accumulate and spoil the paint.
Head to the garage for regular checkups
We all make it a point to get an appointment with our doctor for our monthly check-ups. Similar care is needed with your car: it requires regular trips to your dealership for checkups to ensure that everything remains in order. A smooth running car sells fast and sells well. If you own a new car, the regular checkups and repairs are free in the initial months, so don’t be lazy in visiting your local dealership.
Keep a record
Be it your registration documents or your maintenance record make sure you keep it all safe and well-organised. Your car’s documents are the first to be scrutinized by any prospective buyer, and if they are all in order, in addition to the above, the buyer will willingly pay you extra for your good-as-new car.
Avoid spoiling your car’s originality
We are all tempted by customisation options. After all, who wouldn’t want that extra wow factor in their car? However, over-customising your car can badly spoil its resale value. What we enjoy in our car, might put off prospective buyers. For example, if your car has HIDs or a loud stereo system or a large spoiler installed, you might enjoy using it, but a buyer might actually have the exact opposite opinion about it. Installing useful accessories like charging docks or iPod connectors is always good, though.
Log less kilometers on it
If your car travels a lot throughout the year, that total distance will likely rise at a rate that would bring down resale value equally quickly. Remember, the lowest mileage your car covers, the slower is its depreciation. So, one of the surefire ways of getting a good resale value on your car is to drive less.
Drive safe
Although this one is a no-brainer, I chose to mention it at the end for you to focus on it. If you are not driving safe and your car gets in an accident, do not expect a good selling price. A repaired car shows the buyer that you handled it carelessly, and that puts them off easily.
You will be surprised how little things like these can help make a huge difference. So keep the abovementioned tips in mind to preserve your cars resale value.