Regular Maintenance
Maintaining your car regularly is crucial for preserving its resale value. Keeping a detailed service logbook can be beneficial when selling, as it demonstrates that the vehicle has been well cared for [1]. Regular maintenance helps ensure that the car remains in good working condition, which can make it more appealing to potential buyers.
Minor Repairs and Cosmetic Fixes
For older cars with minor issues, such as fogged headlights or a falling headliner, inexpensive repairs can enhance resale appeal. These fixes can help sell the car faster and potentially increase its value slightly [2:1]
[2:3]. However, major repairs might not be worth the investment if they don't significantly boost the car's value
[2:2].
Resale Value Considerations
While some people prioritize resale value, others view cars as sunk costs and focus on long-term quality instead [3:2]
[3:4]. Resale value can indicate the reliability of a car over time, but it's often less important for those who keep their vehicles until they're no longer functional
[3:3].
Trade-In Strategies
When trading in a car, obtaining multiple appraisals can help maximize trade-in value [4:5]. It's also important to consider tax implications, as selling to different dealers or institutions might affect tax credits
[4:1].
Repainting Considerations
Repainting a car to improve resale value is generally not recommended unless the paint job is high-quality. Cheap paint jobs can raise suspicions about hidden damage and may not recoup the cost invested [5:1]
[5:2]. Instead, it's often better to leave the car as is and focus on other aspects that can enhance its appeal without significant expense
[5:7].
There are plenty of options that you will get when you look for cars in the market but no matter which one you bring home it will always bring a smile to the faces of your family members. However, with time your car gets older and its performance keeps on declining.
Proper and regular maintenance
This is the first factor that you must keep in mind when you are trying to improve the resale value of your car. Make sure that the service logbook is updated – it will be crucial when you try to sell the car and get the price that you want for the vehicle.
Drive carefully
How you drive your car has a say on the wear and tear that it suffers over time. If you are always revving the engine at a high level or engaging in aggressive driving it will deteriorate the value of your vehicle pretty quickly.
Regular cleaning
If you do not remove all the road dust, tree sap, bird droppings, and insects on your car regularly you can find it hard to remove all of them later on. This practice may also damage the paintwork of your car over time. Always clean and remove them as soon as possible.
Try to park in shelters
If your car is exposed directly to rain and sun its exterior will eventually be affected. So, whenever you can, park your car in a sheltered or covered area so that the impact of the forces of nature can be minimized the best.
Invest in protection
If you regularly apply protective coatings such as wax on your car it will extend the visual appeal and life of your car, and that too, significantly! You can also paint it once each year to help it keep looking new – do it yourself or get it done by professionals.
Avoid smoking
If you smoke in your car regularly and do so for long times on each occasion there will always be a permanent odor of the same within the vehicle. This can affect the decision of your prospective buyers as well!
Do not let the interiors be damaged by your fur babies
There is no doubt that your furball is a member of your family but if you take them for a drive each day in your car make sure you use rugs or towels to control the fall and consequent spread of their hair on the seats and the carpet.
Modifications
You can customize your car with alloy wheels that catch one’s eye or a modified exhaust system, and this could hold personal value for the person who is buying your used vehicle. However, please note that buyers in the used car market are not always looking for performance-enhancing modifications.
If you want to receive the value that you want for your car you must maintain it properly. So, please take into account the factors that we have enumerated over here and that way you will get the true value of your used car.
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I have a 2012 Volkswagen Jetta with 100K miles on it. One of window’s tint is bubbling up, the liner of the ceiling is falling, and the headlights are a bit fogged up. Are any of these repairs worth to fix before selling or is the hassle not worth it in extra value? Also I’m about due for new brake pads and I’m wondering if those are worth replacing versus just disclosing it will need to be done shortly after purchase. I can’t imagine the car is worth more than a few thousand dollars so don’t want to put money in if it’s not worth it. Thanks for the help!
You wouldn’t see the money you’d spend on maintenance or cosmetic improvements, but if you fix these problems, you’ll increase your chances of selling the car faster. Also fix the brakes atleast 🤷🏻♂️ brake pads are relatively cheap to buy and replace
There are cheap DIY fixes for fogged headlights. The headliner is a job for a pro. Maybe get a quote for that so you know what it would cost, this will be useful.when talking to buyers. If it is safe to drive, I would leave the brakes unless you can do them yourself for the price of the parts only. Chances are, the next owner will do these themselves.
Cheap fixes. Those things will definitely turn people off and lower the offer price . Skip brake job .
Headliner tacks are around $5. Buy a pack of them. Maybe even two packs. They will make it look better for a cost and an ease that cannot be beaten.
For a 2012 Jetta with 100k miles, minor fixes like defogging headlights and reattaching the headliner cheaply could help with resale appeal. Tint removal depends on cost, but it’s not a deal-breaker. Brake pads? If they’re critical, replace them; otherwise, just disclose it. Since the car isn’t worth much, avoid costly repairs that won’t significantly boost value. Check CarfaxDeals . com for pricing insights.
Since reading these subs I see many people mention resale value as a coveted feature. I may see it mentioned even more than the importance of reliability. Is this from a lease mindset? Personally I don’t really care about resale value because I like to keep my cars until all the value is used up. Lol. Maybe I’m missing something though.
It's not even a consideration.
Treat cars like a sunk cost, not investments. If you can only afford the car because you can sell it for a decent amount after a few years which makes your monthly cost of ownership go down, you can't afford it.
In reality it’s not even on my radar since I keep cars till their almost dead but it’s a good indicator of long term quality.
Bottom of my list. I buy Toyotas and keep them a long time.
#7, not that important
Resale value is usually not random. It’s an indication of either how much the car was discounted new or that the car has terrible reliability as it ages or known problems that happen outside of the warranty window (Hyundai/Kai engines, electrical issues in luxury cars, Nisssan CVTs, etc). If it’s the first reason I don’t care, I do care about the second one.
Title. Is it worth it driving dealership to dealership or should I just go to a third-party used car salesman and hope they overpay? I just don't want to waste anyone's time during appraisals.
Thanks for posting, /u/LoweeLL! This comment is a copy of your post so readers can see the original text if your post is edited or removed. This comment is NOT accusing you of anything.
Title. Is it worth it driving dealership to dealership or should I just go to a third-party used car salesman and hope they overpay? I just don't want to waste anyone's time during appraisals.
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Are you trying to trade it in or sell it?
Get a few appraisals done and whoever has the car you want had to try and hit that number
Keep in mind if you’re in a tax credit state, if you sell the car to a different dealer or institution, you lose that
Hey guys,
I'm moving out of country in 8 months and need the cash to move. I'm not buying a new car and just need to increase the private market resale value as much as possible. I've got a 2017 VW Golf SE (not gti) and at the time of sale I'll have probably 88,000-90,000 miles on it.
The paint on this car is not good. I bought it with swirls, a poorly filled in fender gash and super scratched up rims. Now it's got a lot of cosmetic scratches, chips in the bumper and doors and peeling clear coat consistently all over the car. I could go down to Tijuana and get it repainted for cheap (compared to US pricing). However, if I put in the money for a paint job, will I see a significant return on it or only make the same money back? Or even would it maybe sell faster and ease some stress off?
The low end of sale would be $8,000 and best case $11000
No.
Also don’t get it painted in the cheap (definitely don’t do it Tijuana cheap cheap as you might as well just spray paint it at that point), it doesn’t end well.
I would much rather buy a car with body damage and beat up paint than an obviously cheap paint job that leaves me wondering what kind of damage it’s hiding.
Just let it be what it is and what it is worth otherwise you are going to get maaaybe half your money back if you’re lucky.
I’d obviously not pay for a shitting paint job. But labor is half the price in Mx.
Even on the cheap it’ll cost you $4k minimum to paint a car right.
Are we talking hundreds for a decent paint job vs thousands for one? Or hundreds for a shitty paint job?
800-1500 in Mexico is equivalent to $2000-3000 decent paint job.
$3k is not a remotely decent paint job.
Leave it how it is
Negative.
No.
I've got a 2007 Honda Civic with about 225k miles on it, and it's time for me to move into something newer. It has some cosmetic issues primarily on the outside, A/C doesn't work, front bumper is falling off, weather strips is falling off, etc. Still runs well...IWTL how to get this thing sellable and turn it into something that buyers would be interested in with as little cost as possible to me.
I'm not the handiest person with the biggest toolkit, but I'm up for a DIY project if needed, and I'm not beyond taking it to the Honda dealer's mechanic for big stuff like the AC.
Some ideas I've had:
- Just focus on the most obvious flaws and then sell
- I've seen some "ricer" Civics, and wonder if I should go that direction to add some value
Any suggestions on how to turn this shitbox into a less shitty shitbox would be much appreciated!
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Car people! I want to trade in my car with a secondhand dealer. Should I bother fixing the scratches/glasses holder/ cigarette lighter before I trade it? Will it make enough of a difference to the trade in cost, compared to what I spend? Please give me your sage advice.
This is hit and miss, the trade in can be worked into the deal and if you tell him how great your trade in is their trick is to offer you a good trade in price but not come down on prices.
Low hanging fruit? Clean, valet, wax
I think that's a good approach
Give it a clean and vacuum. A bit of a polish will never go amiss. If something is actually broken and could affect the safety of the vehicle then fix it.
Thanks. That's good advice
Depends on how much it will cost vs what you’ll gain. If it looks knackered try and tidy it up a bit.
If you are doing it yourself and all that is involved is time why would you not do things to get the best price possible. A t-cut and polish will only take a couple of hours. First impressions count.
Thanks. I think you're right
There's a pretty famous TikTokker called Dave Fishwick. Who's always "buying" helicopters, Ferraris and so on. He is genuinely loaded. He started by borrowing old bangers from car dealers, cleaning them up and splitting the difference in the price "uplift". Before being able to afford the cars himself, cleaning them up and selling them on. Before long he started to specialise in minibuses and became the UK's largest minibus dealer. Then he bought his first helicopter and started leasing it out...........
A clean car without niggles, is worth more, quicker to sell and less embarrassing to have on the forecourt. A dealer is probably thinking that he'll have to get an employee to spend X hours at say £20+ including NI etc to sort it out. Unless he can off load it to an apprentice.
Well... Now I want to start a helicopter business?
I know this will be a hot take on this sub, right up there with suggesting a Yaris GR is not the single greatest car for driving around the Nurburgring, but I can honestly say that amongst all the vehicles I've bought over the years, not once have I ever considered resale value when it comes to making a purchase choice.
I select a vehicle for what it can do for me now, how it looks, drives, servicing costs etc. Maybe it's because cars are a depreciating asset so I write it all off in my head straight away. Sure, getting money back when you sell it is good, but I'm not going to choose a Toyota whitegood over something I like the look of/something that drives better just because in 5 years I might get $1000 more for it.
Maybe I"m built different, but I can't be the only one, right?
You are absolutely not the only one. I laugh inside when people put so much weight on what someone else will pay for their car in so many years time.
I also own my cars for 10+ years so the depreciation is so high it doesn't really matter in the end. Trade the fucker in and be done with it.
Yeah, I have been looking at getting a new car for a while and was having a look at the kia sportage and a had a friend go on about how in 8 or so years when I sell it, it won't be worth shit compared to a rav 4. But the rav 4 honestly didn't interest me, the interior seems pretty dated compared to the sportage which felt like a spaceship
I agree completely. We're struggling to find a Hybrid SUV for under $50k brand new that ticks all the boxes.
People think I'm silly for considering what the interior looks like. I tell them I've got to look at it for 30,000kms each year so if I'm a little put off by the interior at the dealership, I'm going to be regretting my decision
Depreciation only matters if you treat a car as disposable replacing every 3 to 5 years because you're compelled to think you must always have the latest and greatest and also barely drive anyway.
Partners car is 5 years old now, but done 180 thousand KMs, so depreciation is high regardless, and we'll probably drive it another two before trade in.
I’ll probably change cars more frequent then that, but they’re never newer or great 🤣
I’m sure many more out there like me who just enjoy driving something different after a while
Dude, I've bought multiple French and Italian cars. I see your depreciation and I raise you. But you can't help what you love.
Covid gave people the false idea of resale. You buy a Rav4 Hybrid in 2020 after a 14month waitlist and now its worth $10k more.
Those days are gone and we're back to normal.
Yeah but people haven't woken up yet, every dickhead selling a car on market place still think their 10+ year old car is worth 6k less than a brand new car lol
100%. I buy it for me. Never regretted the decision to actually be driving a car and spec I like.
100%. Performance and enjoyment matter more than potential future dollars. Practical choices are overrated when you love what you drive.
Just another purchase for me as well, when you go buy clothing, games, a big TV and furniture you aren't thinking how much can you get from it in 4 years time. I also buy to last, if I'm getting a car I'm probably gonna have it for another 6 or 7 years maybe more if its a newer model,
I don’t sell my cars.
Resale value is at the very bottom of my list. What matters is if said cars give me joy. Which they all do.
Over the years, I've sold three cars - a Honda Accord, a Toyota Camry, and most recently, a Ford Mustang. Only with some time and experience (and getting way less than I could've) did I learn a few lessons on doing it the right way. So, I thought I'd write about some basics for those who want to sell their old car for a decent price, and you guys can add to it!
Whatever you do, always start with the right first impressions - for my Accord and Camry, I did a thorough cleaning and minor cosmetic fixes like buffing out small scratches and replacing worn floor mats. So, with some small, relatively low-cost measures, you can make most cars appear nicer than they are to buyers (or as nice as they could be with a makeover).
But what I ignored and only later used with my Mustang is actually investing in maintenance. Keeping it up-to-date and getting a pre-sale inspection helped me justify my asking price much better, and it increased the value by more than the costs for a few fixes. Buyers are more willing to pay a premium for a car that won't bring them headaches, after all.
I did avoid major overhauls, though – they rarely add as much value as they cost. I'd also warn about over-personalizing your car - custom paint jobs or aftermarket mods aren't for everyone and will limit your buyer pool. Stick to broad appeal!
Another thing I've learned is how to actually use the internet properly, haha. As long as you know how to make a good "advert" and the best places to sell car (this one's great for bidding and free valuations), you'll reach many more buyers than with local postings or just selling directly to people you know. This means better chances of buyers outbidding each other and a faster sale. Sure, it can take some time to sort through the offers, and the listing itself should be well done (good photos from all angles, all the technical details), but with the Mustang, I received the offer I eventually accepted in the first 24 hours, so...
To sum up - clean and fix up your car, make sure it's mechanically proper, keep it broadly appealing, and take your time with a good online posting. These are all basics, but many people don't take them seriously enough!
You lost, pal?
Thanks American ChatGPT bot!
I refuse to believe that a Brit has owned an Accord, Camry and Mustang. That's the most American shit I've read.
OP is 100% American looking at their post history and their spelling of "maximise" in the title
how to improve car resale value
Key Considerations for Improving Car Resale Value
Regular Maintenance: Keep up with scheduled maintenance (oil changes, tire rotations, etc.) and retain service records. A well-documented maintenance history can boost buyer confidence.
Cleanliness: Maintain the car's interior and exterior. Regular washing, waxing, and detailing can significantly enhance its appearance and appeal.
Minor Repairs: Address small issues like scratches, dents, or worn-out tires. Fixing these can prevent buyers from negotiating a lower price.
Mileage Management: Lower mileage generally increases resale value. If possible, limit long trips and consider carpooling or public transport for daily commutes.
Choose the Right Time to Sell: Timing can affect resale value. Selling during peak demand seasons (like spring or summer) can yield better prices.
Documentation: Keep all paperwork organized, including the title, registration, and any warranties. This transparency can make the sale smoother.
Upgrades and Modifications: While some upgrades can enhance value (like a new stereo or tires), be cautious with modifications. Stick to popular, tasteful upgrades that appeal to a broad audience.
Market Research: Understand your car's market value by researching similar models in your area. This helps you set a competitive price.
Recommendation: Consider investing in a professional detailing service before selling. A clean, well-maintained car can attract more buyers and justify a higher asking price. Additionally, be honest about your car's condition in listings to build trust with potential buyers.
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