- Keep it clean
- Don't miss a service
- Do not take on DIY customisation
- Don't paint the town red every weekend
It's common knowledge that your car depreciates drastically as soon as you drive it off the showroom floor. While you won't be able to stop that from happening, there are a number of ways you can assist to keep your car's value for as long as possible.
Keep It Clean
Keep the interior and exterior of your car as clean as possible. Giving your car an occasional wax, shine and buff are good for the condition of the paint. A simple scratch or dent can quickly turn into an ugly, rusty eyesore on your investment, so make sure to keep the outside as pristine as possible.
The same could be said for the inside of the car. Try not to eat or allow children to eat in your car. Little messes that are left uncleaned can turn into unsightly stains and reduce the value of your car. Make sure to always clean spills and take your car for a valet every once in a while, too. In case you have never taken your car for a valet, this is a service where your car seats are removed from the vehicle to give it a thorough clean in those hard-to-reach spaces.
Don't Miss a Service
Your car's annual service is what keeps it running smoothly throughout its lifetime. Different cars come with different timeframes for their services and it's important never to miss these services. Dealerships usually allow you to use your car up to 1 000 kilometres after your service mileage, but this is not advisable. If you run your car too far past its service, your service plan will fall away and you will be liable to pay high fees for things that were probably covered.
"The long and short of retaining your car's value is to ensure that you keep it as close to the condition it was in when you bought it"
Missing your service affects the mechanics in your car and will result in it using more petrol and possibly damaging the engine. Keeping an up-to-date service book is also good to retain the value of your car and servicing the car at a registered dealer is of utmost importance.
Do Not Take On DIY Customisation
A bumper sticker or a stylish new set of rims may seem like a good idea at first, but it is important to consider what this may do to the value of your car in the long run. While it may seem that customisation will increase the value of your car, this is often not the case unless you're overhauling your favourite classic car with a brand new V8 engine – and still, all modifications should be left to the professionals.
Don't Paint The Town Red Every Weekend
Buying a car and smelling the new car smell can be very exciting. You may want to make a trip to the coast every weekend but you must resist the temptation! As most car owners know, the value of your car becomes less the higher your car's mileage. A car with more than 150 000 kilometres on the clock will generally have a harder time being sold because the further it is driven, the higher the likelihood becomes that an important part may be worn or damaged.
The long and short of retaining your car's value is to ensure that you keep it as close to the condition it was in when you bought it. Don't drive it excessively and ensure that it remains clean at all times. Complete the form to get a car insurance quote that matches your vehicle and pocket.
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