5 Steps to REALLY Maximise Your Car’s Resale Value

In today’s fast-moving world, our vehicle preferences and needs can change in the blink of an eye. That shiny, fast, fuel-efficient sedan that you purchased a few months ago will eventually be upstaged by a better model and you’ll find yourself wondering how much you could fetch for your current ride. To retain your car’s resale value, focus on these key points:

1 – Make a mainstream purchase

Cars are a great way to express your individuality. You can buy them in all sorts of colours, shapes and sizes; you can plaster stickers all over the bumper or install specialised parts to make your car louder or faster.

However, when it comes to re-homing your vehicle, the more standard your car is, the better. Consider this list of Australia’s five best-selling vehicle makes in 2015: Toyota, Mazda, Holden, Mitsubishi and Nissan topped the list as the most popular vehicle manufacturers. What do all these companies have in common?

They produce reliable and stylish vehicles that meet the demands of budget-conscious commuters. Every once in a while, a new model comes on the market that shakes things up for a couple of years, but you’ll be better off sticking with time-tested brands when it comes to your car purchase.

MUST READ: How Often Should You Service Your Car?

2 – Avoid uncommon colors

Although you may think of your bright yellow SUV as the greatest thing to come off of the production line, others may be immediately turned off by the unusual colour. In order to get the most bang for your buck, it is smart to stick with basic colors, like black, white, silver and gold.

3 – Get an automatic vehicle

By buying a car with manual transmission, you are reducing your pool of prospective purchasers. Manual cars can be a pain to handle in stop-and-go traffic, and many modern drivers would need a thorough set of step-by-step instructions to operate a manual car. So, even if you have fun pretending to be a racecar driver with your manual vehicle, give some serious consideration to buying automatic.

4 – Be careful with upgrades

Don’t be enticed by the idea that a sunroof, heated seats or in-vehicle GPS will heighten your car’s resale value. If you compare similar vehicles at any car dealership to see if extras make a difference, you’ll find that cars with add-ons tend to be priced similarly to cars of the same model that have no bells or whistles. So if you opt to pay several thousands of dollars extra for leather seats, realise that you should base that decision on your own enjoyment and needs rather than the car’s resale value.

5 – Buy car mats

It might seem like a small detail, but keeping your car’s carpet clean is an excellent way to preserve its resale value. Car mats cost as little as $150, and they’ll shield the floor of your ride from spills, stains, pet hair and other forms of wear and tear. When your mats get ratty, simply invest in a new set to keep your interior fresh.

Another way to preserve your car’s resale value is to service it regularly to make sure it is reliable and well maintained for its next owner.

Although it takes a bit of effort to retain your car’s resale value, when it comes time to find a new home for your four-wheeled friend, you’ll be glad that you made a wise purchase in the first place. To learn more about this topic, download your free infographic ‘How to Maximise Your Car’s Resale Value’

About the Author

Janelle Gonzalez is the founder of Blue Toro Mobile Mechanics, Australia’s fastest growing automotive repair business. She is an advocate for the hard-working mechanics who want an ethical and profitable way to better support their families. Her mission is to disrupt the automotive repair industry by exposing the rip-offs and returning to old-fashioned service values that car owners want.

Leave a Comment

Your email address will not be published. Required fields are marked *


Suggested Articles

Blue Toro Liverpool is Now Open for Business

Blue Toro Mobile Mechanics is now open in Liverpool. Meet Con. Blue Toro Mobile Mechanics Liverpool is run by owner-mechanic Con. With years of experience he’s passionate about anything with an engine! Tell us about your first and favourite cars. My favourite car is a 1971 Holden Monaro HG GTS,... ...

Protecting Your Car Against Getting Stolen

In 2014 there were 60,000 cars stolen in Australia, or 4.5% of all cars, and that number is on the rise. While 80% of stolen cars are eventually recovered, most of them are badly damaged.   Having a car stolen is annoying, an invasion of your property and downright inconvenient.... ...

Are you looking for a trustworthy mechanic?

Yes I am

Who is Elvio?

Elvio is a seasoned Motor Mechanic with 25 years experience in the automotive industry. Well-known for asking the most obvious questions and his bizarre obsession with Datsuns (having owned more than 10), he seems to think the 70s was the golden era of motoring. Current rumours suggest he owns more than 100 caps, prefers Belgium bier to Australian and has been confused with the real Speedy Gonzalez. Well-known at the racetrack for getting maximum performance on a budget and his obsessive attention to detail, he is now taking his passion for all things with an engine to help his customers in his blog. Ask Elvio.