How to maintain your car’s value

27 March 2019

How to maintain your car’s value

How to maintain your cars value

Cars are expensive – both to buy and maintain. So it makes sense to put some effort into maintaining your wheels, to support your sale price when it comes time to sell.
Here are some tips for you.

Regular servicing

The first and pretty obvious tip is to look after your car by having it regularly serviced, including oil and filter replacement, as well as ongoing preventive maintenance.

Maintaining your car means it will run more efficiently and safely, and will help you minimise the chance of a large mechanical repair bill in the future.

Keep receipts for work you do on the car

Keep all your receipts so when you go to sell your car you can prove the maintenance you have had done , for example showing when the brakes and tyres were last checked and replaced. Being able to prove that your vehicle has been maintained and worn parts replaced can help you get a better price at sale time.

Keep the interior clean

Stains on the seats and worn out floor coverings are all off-putting for potential buyers. Keeping seat and floor covers on will help protect your car’s upholstery and keep that resale value up.

If you do spill anything in the car, make sure that you clean it up right away, to avoid it leaving a stain. If you can afford it, consider having your car professionally valeted once a year. They can get on top of any wear and tear marks that may have accumulated, and keep the interior looking – and smelling – nice and clean.

Keep the exterior clean

Get small scratches and dings fixed before they become big rust jobs. Some minor damage can be fixed yourself with a matching paint fix.

If it is a bigger job though, you might need to take it to the panel beaters. While the cost of this can add up, it is still cheaper and will help hold your car’s value a lot longer than having scratches and dings as well as rust. If you leave rust too long, it will eat into your panels and long term will require a more expensive fix.

Make sure you invest in waxing your car too. Taking it through the carwash with a wax spray will help, but nothing beats a bit of old-fashioned elbow grease to get a strong and shiny wax finish on your car, helping protect the paintwork.

Keep the car in a garage

We all know how wild New Zealand’s weather can be. Keeping the car out of the elements will maintain its shiny exterior and protect your dashboard and other rubber fittings a lot longer. It’s not just rain that does the damage – but the sun too. If you can’t keep your car in the garage, at least try and park it in the shade to reduce the effects of ultraviolet rays.

Buy a vehicle that will hold its value

Now, here’s a handy tip to keep in mind the next time you’re buying a car: do some research and find out which makes and models are more likely to hold their value. Sure, they might cost you a little bit more upfront, but the extra investment may be worth it when it comes time to sell.

Also, remember that buying second-hand means you are buying a car that will depreciate less quickly. Cars depreciate most quickly in the first two or three years; after that, annual depreciation is much slower.

A well-maintained car can take you and your money further: you’re not just extending its life but also putting the brakes on depreciation.

And when the time comes to replace your old vehicle with your next car, keep us in mind. Our team at AA Finance will be happy to walk you through your car loan options: please don’t hesitate to contact us on 0800 500 555, seven days a week between 9 am and 5 pm.

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Disclaimer: Please note that the content provided in this article is intended as an overview and as general information only. While care is taken to ensure the content is correct, the information provided is subject to continuous change. Please use your discretion and seek independent guidance before making any decisions based on the information provided in this article.

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