To most people, buying a car is a big investment – so it’s no wonder cars owners want to make sure their car holds its value for as long as possible. And believe it or not, it’s pretty simple; if you look after your car correctly, the chances are your vehicle will be in the best possible condition should you ever come to sell it.
Of course, the make and model of your vehicle can influence how easily your vehicle holds its value. However, generally speaking, there are a number of tactics you can follow to keep vehicle depreciation at bay.
Here at Inchcape Volkswagen, we want to offer you the best advice on how you can maintain the value of your car. No matter what make and model you decide on, these general rules apply to them all. Some are simpler than others, but it’s worth keeping them all mind to ensure your car holds its value.
Servicing and MOT
Have your vehicle serviced on a regular basis to ensure essential maintenance and repairs are complete with applicable stamps and receipts to provide a complete service history. You can determine when your vehicle is due a service based upon manufacturer’s recommendations and service scheduling.
Also make sure your vehicle has a valid MOT. To help ensure your vehicle passes its MOT with flying colours, it’s wise to carry out some home checks beforehand. These checks include checking tyre pressure, brakes, head lights and indicators. This is important to ensure your vehicle is safe to drive for both you and the drivers around you.
Keep your car clean
It might sound obvious – but keep your car clean! Regular car valets, both inside and out, help to keep your vehicle in good condition. You might also want to consider using a protection kit, often offered to you when you purchase the vehicle, to protect your paintwork and interior from general wear and tear such as drinks spillages and acidic bird poo.
Avoid smoking whilst in your vehicle. This can leave an odour in your vehicle which could influence its resale value. Remember, the better the condition of your vehicle, the more money you are likely to get if you resell your vehicle at a later date.
Wear and Tear
It is wise to avoid any excessive wear and tear. This usually includes ‘over-towing’, driving in extremely poor road conditions, excessive speeding and extensive start/stop driving. In the long haul, this will help to maintain the overall value of the vehicle and prevent unnecessary or premature issues and repairs.
General wear and tear is harder to avoid, which is why it’s a good idea to take out a good warranty on your vehicle that covers you for any general wear and tear to your vehicle. This will save you money on any minor issues after purchasing your car; and means any issues you encounter can be resolved sooner rather than later without a big bill.
Store your car safely. Extreme weather conditions can cause damage to the exterior of your vehicle. Where possible, store your vehicle inside or in colder climates, consider using a windscreen cover so that you don’t need to scrape the frost off your car and run the risk of scratching the glass.
If you’re in the market for a new Volkswagen then you might find it useful to use their online residual values checker when making your decision.