8 KILLING
FACTORS THAT CAN DIMINISH YOUR CAR VALUE
If you want to retain the resale
value of your car, then the thumb rule is to keep your car’s condition as good
as possible. Here are a few things that
can cause decline in the resale value of your car:
01.
MAKE AND MODEL:
The resale value of the car depends a lot on
the make and model.
02.
AGE AND MILEAGE:
10,000-15,000
miles on an odometer can lower the resale value of the car. The miles on an odometer also helps an
appraiser determine the age and condition of the car.
03.
LIMITED EDITION:
Cars with unusual
colors like bright pink, Vegas yellow, Viper green, Glut orange, etc., can not
only reduce the resale value but can also give a hard time selling.
04.
INTERIOR:
If the car
interior has worn out seats, damaged steering, scratches on windscreen, no seat
belts, torn ceiling, out of order ceiling light and grubby mats, etc., then
these elements can reduce the resale value.
05.
EXTERIOR:
The appraiser
determines the grade scale of the car by examining the exterior. Cars with scratches, dings, dents, etc., will
be listed as a fair or a poor conditioned car.
06.
ACCIDENTAL CAR:
Prior auto
collision automatically brings down the resale value.
07.
NO MAINTINANCE RECORDS:
If you have not
maintained your car’s work record such as maintenance summaries, oil change,
tune-ups, receipts of complete engine inspection, battery and changed accessories,
etc., then you cannot claim the desired value.
08.
MODIFICATION:
Modifications
can increase or decrease the value of your car.
Following modifications can diminish your car value: Fake Engine Sound. Giant Wings.
Body Kits. Low profile tires. Stickers. Tinted Windows.
Link to check your car’s value:
