Maintaining the value of your car is a prudent financial strategy, especially considering that approximately 15% of a vehicle’s value is lost each year after its initial purchase. Fortunately, there are effective ways to mitigate this depreciation and safeguard your investment. Firstly, regular maintenance is key, as routine upkeep preserves the vehicle’s optimal condition. It’s equally crucial to meticulously document the car’s service history, keeping records of replacements and repairs which can provide additional confidence in buyers. Additionally, keeping mileage in check, protecting the interior and exterior, and avoiding eating inside are all tactics to uphold resale value. Thoughtful choices during the initial purchase, such as selecting models, makes, and colors known for retaining value, can also pay dividends in the long run. If you are interested in learning even more, check out the resource below.
Infographic created by Capital Auto Auction