Used car selling is not an easy task for a common man. These excellent ways to increase resale value of old car can help you to get more money.
Every automobile is set to depreciate in its value with time. Some vehicles can depreciate more while others can retain good resale value even after many years of use.
According to a post published in Investopedia, new cars can lose as much as 20% of their value as soon as they are driven off the lot.
But, if you are planning to sell a new car after a few years after purchase or just looking for car flipping then you should better preserve car’s resale value. You can boost the old car’s valuations & hold on it for a longer time by keeping it in good condition & allocating expenditures wisely.
These little yet highly valuable measures can perhaps help you to negotiate an extra $300 to $2000 or even more while selling to potential car buyers. Here are 10 best & quick ways to get maximum resale price of any used car:
[You can also watch an exciting video on this post from GetUpWise channel on YouTube.]
(1) Polish The Exterior Of Your Old Car
It is one of the first & most important ways to increase resale value of old car. An old car is likely to have faded or sloppy paint job. It is perhaps due to higher exposure to sunlight & harsh chemicals.
But, getting your dull looking car repainted can be a costly affair. You should better look for waxing & polishing on a regular basis to retain its shine for a longer period.
However, if you forgot about its original looks then check the interior of your door frame. This trick will help you to get a sense of what the exterior should look like.
According to automobile experts, waxing & polishing might not restore completely back to original color & shine. But, any such improvements can lift the valuations of your vehicle.
A car wash & wax can cost you anywhere from $20 to $150. You are also advised to avoid using household detergents to preserve car’s finish. You should always use products that are especially created for the purpose.
- Woman in old car with higher resale value: Shutterstock