7 Effective tips to boost your car’s resale value

November 1, 2022 6:39 am

“Depreciation” is one of the many words that could give a passionate car owner goosebumps. It basically denotes the reduction in the value of an asset. In the automotive industry, it means the losing value of a vehicle over time, especially due to its wear and tear.

Car experts are of the belief that a brand-new car loses 11% of its value the moment it is driven out of the car showroom. And with the wear and tear to be followed thereafter, the value of your car will depreciate by 15 to 25% each year during its first five years. This basically means that your car would have lost more than half of its value by then.

If you are a car owner, you don’t have to panic! Pal Auto Garage, the top Car Service Center in Dubai is here to help you with 7 effective tips to boost your car’s resale value:

• Make both the exteriors and interiors look good

The first impression is obviously the best impression in the case of a car and looks do matter a lot along with performance, while you are trying to resell your car. Therefore, before showing your car to any prospective buyer, make sure that both its exterior and interior are thoroughly cleaned and ready to impress the buyer.

There are different kinds of new-age washing techniques available these days such as automated car wash, no-touch car wash, machine dryer car wash, foam wash, waterless car wash, etc that can give your car a complete makeover.

• Maintenance and service

Regular service and maintenance keep the car running without any troubles and enhance its performance; which is really important in the long run and especially, while you are reselling it.

However, make sure to get your car serviced only at authorized service centers or workshops and only use original spare parts in the case of replacements. Regularly changing the oil and other important fuels of the car also will help maintain its performance and smooth run.

• Fix dents and scratches

Dents scratches are unavoidable things for cars; especially if you live and ride through Indian cities. However, with regard to their size and depth, they can significantly influence the resale value of your car.

Scratches and dents at the first glance itself give away the impression that your car hasn’t been maintained well. Therefore it is advisable that you fix all kinds of dents and damages on the car right away before you start the process of selling it.

• Replace the tires

Tires being the only point of contact between the car and the road, are undoubtedly one of the most important components and they require to be replaced every 50,000 kilometers or so, depending on the make and your style of driving.

Moreover, a dirty or dull-looking pair of wheels create a negative impression on the interested buyers that the owner has a careless attitude towards the maintenance of his/her car.

• Change the lights

Another important component of your car is the lights; headlamp and tail lamp, which are critical to ensure proper working condition before you are showing the car to prospective buyers.

As the illumination capability of lights tends to decline as the car gets old, you would definitely require to change the bulbs every once in a while. However, always ensure to replace them with the stock ones.

• Maintain the documents and updated paperwork

Maintaining the important documents related to your car such as the Registration Certificate, tax, and insurance papers, owner manual, service bills, and logs in a proper and organized manner is unquestionably going to create a positive influence on the buyers.

The service bills and logs of your car are really helpful as they are proof of the servicing and maintenance you have done on it and can really support its condition and performance.

• Do your homework

Once you’ve completed all minor and major repair, maintenance, and cleaning tasks you had to perform on your car, it’s time for you to do some preparation by noting down a few strong points about your car. It could be anything like its USP or features that stand out or make you feel the best about it.

After doing all of the above, there’s just one thing to do before you take your car into the resale market: know its right value. Knowing the right value of your car ensures that the buyer does not short-charge you. Pal Auto Garage, The top Car service center in Dubai offers comprehensive pre-owned car inspection in UAE with 120+ checkpoints.

Get in touch with us: Pal Auto Garage, The Best Car Service Center in Dubai, UAE