Buying a car is one of the most expensive investments you’ll ever make. You should therefore take care when buying either a new or a second hand model. The BBC website has advice on what to look out for when buying a new car and how to reduce the amount your car will depreciate in value once you’ve driven it off the garage’s forecourt.
1. Keep the bodywork in good condition
Maintaining your car’s bodywork will prevent rust from appearing and will also help keep up the value of your vehicle, even expensive cars need to be kept in top condition. This not only applies to the visible areas of the car, but also includes the chassis and underside of the car or van. During the winter months you should use a power spray to remove any salt that could build up in hard to reach areas. This usually happens as a result of gritting or salting during periods of snow and ice.
2. Reducing your mileage
Owning a car can be expensive and many people use vehicles as collateral when applying for a loan, so keeping it in good condition is important. If you are thinking of driving a long distance it can sometimes be beneficial if you rent a car instead of driving your own. This will save any wear and tear on your own vehicle and will keep your car’s mileage down.
3. Fuel consumption and servicing
An article on the Telegraph website shows how much it costs to run a car for one year. Most of the running costs are taken up by fuel prices, it is therefore important that you keep your car’s engine serviced on a regular basis to ensure that you are getting the best from your vehicle. Keeping the tyres inflated to the right pressure will also improve how many miles per gallon you get from your car. These can all prevent long term damage and therefore maintain value of your car.
4. Keep your cars interior clean
There’s nothing worse than getting into a car that is full of old cups and rubbish and has the lingering smell of cigarette smoke. If you vacuum the inside and keep it polished, you’ll be less likely to damage the leather seats and wooden trim. If you want to sell your car in the future you’ll be really annoyed that the price is reduced because you didn’t keep the interior clean and smoke free.
5. Fitting the latest technology
Fitting a good music player into your car will help it keep its value and fitting a good alarm system will also make a difference to the resale price. Having an effective theft deterrent fitted to your car will look attractive to any future purchaser. Be careful when fitting high-tech systems into your vehicle as there can be damage caused when you remove them.
6. Fitting parking sensors
With modern technology it’s possible to fit cameras anywhere you wish, but fitting parking sensors will help you when manoeuvring and will also help you keep your car up to date with other vehicles on the road. Maintaining the value of your car is an important thing to remember, especially when you come to sell it in the future.