7 AWESOME WAYS TO INCREASE YOUR CAR RESALE VALUE:

As the new car drives off from the showroom, there is approximately 15-20% depreciation in its value.

Keeping your car in a good condition not only maximizes the life of your car, but also increases the resale value of car.

Here are a few things that can help increase the resale value of your car:

1.  ONLINE DEPRECIATION CALCULATOR:

Online depreciation calculators will help calculate the depreciation over 5 years.

http://www.edmunds.com/car-buying/how-fast-does-my-new-car-lose-value-infographic.html 

2.      SELECTION OF CAR:

Resale value depends a lot on the make and model of your car.

3.      MILEAGE:

According to the U.S. Department of Transportation, a car that drives 13,500 miles per year is an average car.  One can try to keep the mileage below through rent-a-car.

4.      A STITCH IN TIME SAVES NINE:

Taking good care of your car mechanically and cosmetically in a timely manner can increase your car’s resale value.

Ø  Always use the highest viscosity engine oil or as per manufacturer’s suggestion.

Ø  The average mile range to change oil is between 3,000-10,000 miles.

Ø  Always keep your tires properly inflated.  As per fueleconomy.gov, “You can improve your gas mileage by up to 3.3% by keeping your tires inflated to the proper pressure. Under-inflated tires can lower gas mileage by 0.3% for every 1 psi drop in pressure of all four tires. Properly inflated tires are safer and last longer.” “https://www.fueleconomy.gov/feg/maintain.jsp “

Ø  Change air filters around every 15,000-20,000 miles.

5.      MAINTENANCE RECORDS: 

Always maintain your car’s work record such as maintenance summaries, oil change, tune-ups, receipts of complete engine inspection, battery and changed accessories, etc.

6.      VIN REPORT: 

The VIN report has a complete history of the vehicle, from dealer to current owner or a change in ownership.  “VIN number can be checked via the National Motor Vehicle Title Information System (NMVTIS).” For more information about VIN, please visit the following link:

https://www.dmv.ca.gov/portal/dmv/detail/vr/nmvtis_check

7.      First Impression Goes A Long Way:  Fine leather seats covers, floor console, active door panel, clean mats, exterior with nice color, bumpers, headlights, tail lights, side mirrors, etc., will increase the resale value of your car.