Bidvest Insurance outlines ways to maintain your car’s resale value.
Your car is a depreciating asset. The longer you own your car, the more money you’ll lose. This is why maintaining your car’s resale value is important.
When you decide to sell your car, you want to get the best price. There are various things you can do to help maintain your car’s resale value. Here are some of the top tips to help you maintain your car’s resale value:
The best thing you can do to maintain your car’s resale value is by servicing your car at least once a year. Regular servicing helps identify any problems before they become bigger and more expensive. During a service, a mechanic will perform various routine tasks, including things like:
- Oil changes.
- Tyre replacements/rotations.
- Brake inspections.
By staying up to date with your services, you can protect your wallet and help maintain your car’s resale value.
Record keeping can play an important role in maintaining your car’s resale value. Keeping records of maintenance or repairs provides potential buyers with peace of mind. This can help boost the resale value of your car.
Unnecessary modifications to your car may reduce the value of your car. These modifications may seem attractive, but they will likely reduce your buyers. Potential buyers may not appreciate the changes and may prefer the original car.
Some modifications that may reduce the resale value include:
- A body kit or spoiler.
- Performance-enhancing modifications.
- Loud exhausts.
- Interior or exterior lighting.
Fix scratches and dents
A car full of scratches and dents looks neglected. No one wants to buy a car filled with scratches and dents. If the bodywork of your car is in good condition this will increase the resale value of your car. Scratch and Dent Insurance from Bidvest Insurance, could increase your car’s resale value. Learn more about Scratch and Dent Insurance here.
Invest in repairs
Investing in repairs will help increase the resale value of your car. If something breaks, it’s best to get it repaired as soon as possible. This will ensure small problems don’t turn to big, expensive problems.
Bidvest Insurance provides a range of warranty products to protect you from repair bills. Our Mechanical Warranty policy highlights include:
- Mechanical and electrical breakdown cover.
- Cover for vehicles of various ages and mileages.
- 24 hour roadside and medical assistance.
- Policies available for vehicles still under original warranty and vehicles out of warranty.
Protect your vehicle and your wallet with a Mechanical Warranty from Bidvest Insurance. Get a Mechanical Warranty from Bidvest Insurance.