10 Key Tips To Preserving The Value Of Your Car
Some assets, such as real estate appreciate over time while other assets, including your vehicle, depreciate. Essentially, every homeowner who purchases his or her dream home does everything possible to ensure it is well-maintained. Therefore, why should your dream vehicle be any different? Is there any need to spend all that cash and not try to improve its value, or rather maintain it? Here is 10 key tips to preserving the value of your car.
By taking care of your vehicle, keeping it decent and running smoothly, you can guarantee that it fetches as much cash as possible when you reach the point of trading or selling. The truth is, your new vehicle starts its long and steady descent in depreciation from the time it leaves the showroom floor.
However, there are some ways to prevent the financial hit from hurting more adversely than it otherwise could if you did nothing but drive your car.
At Canadian Super Shop, we value you as our client. Therefore, we offer you essential tips to preserve the value of your vehicle.
1. Choose A Good Parking Space
Bumper scratches, fading plastics, and door dings are going to occur, and they are going to reduce the value of your car.
However, you can mitigate these blemishes effortlessly by parking away from other vehicles, select empty spots in the far reaches of the parking space as often as possible (regardless of the protests from young passengers).
Find parking which leaves your vehicle less vulnerable to turning or passing vehicles, and select a parallel point at the end of a row if there are no empty parallel stalls. If possible, keep the vehicle in a garage far away from the harsh effects of sun and ice.
2. Oil Spray The Undercarriage
Even though the debate over the best form of rust protection is still going on, there is no doubt regarding the effectiveness of oil to minimize rust.
Visit an auto repair such as Canadian Super Shop and get your vehicle’s undercarriage oil sprayed. However, keep the oil spray out of the engine bay (the engine does not need it, and it will bother our mechanic).
The frame and other components under the body face an attack of salt and spray and road grime throughout the year, and a moderate amount of oil goes a long way in minimizing rust.
Drilling holes into the car to get oil into deeper gaps is possibly unnecessary on a new vehicle which comes with a ten- or twelve-year perforation warranty.
3. Routine Maintenance and Keep All Records
Undeniably, regular maintenance and repairs will correct any problems with the car and also ensure all parts work as designed over the entire life of your ownership and even beyond.
After vesting an auto repair shop, keep every record or receipt, since this paperwork goes a long way to a potential buyer looking at your vehicle years from now.
Ensure you get a receipt after every maintenance or repair. Luckily, Canadian super shop provides receipts for all services offered.
A verified history of repair and maintenance demonstrates diligence that the vehicle was loved and cared.
4. Fix Any Dents And Scratches Immediately
When small dents or dings appear, either unknowingly or by somebody who fessed up, remove via paintless repair as soon as possible. Visit a reputable auto repair shop like Canadian Super Shop.
Paintless dent and ding repair technicians usually make house calls and do a great job of turning what seem to be a horror story into its initial shape, for only a few hundred dollars.
Get these repaired immediately, since one dent can result in two, two to three, and soon your respect for your car diminishes that only leads to minimal care and lost value.
5. Bargain Hard
If you spend less when purchasing your new car, then you will lose less in the long run. Do whatever it takes to get the best deal -research, call car-buying service, a car-savvy friend, or use a broker, threaten to abandon the deal, throw a tantrum in the dealership, -but ensure you are paying as close to an invoice as possible.
6. Drive less
It may sound ridiculous, but driving less keeps the kilometers down and the car value up. Yes, be the conservative one: When family or friends with older, depreciated vehicles can do the driving, allow them, or ask them to drive (but assist in pay for gas).
When faced with a long journey which will add a few thousand kilometers to your vehicle, consider renting. The rental will prevent the wear and tear and extra kilometers on your vehicle.
7. Wash And Wax Frequently – And Avoid Some Car Washes
Just as you do not wait for a good day to clean the house, do not wait for a good day to lather up your vehicle.
Do it twice a month in warm weather, either by hand with unique car soap (not dish detergent that removes wax) and select a self-spray or the touchless car wash during winter when a weekly wash is necessary.
Avoid car washes which use twirling or tumbling scrubbers since they inevitably destroy the finish, particularly after regularly use. Wax at least twice every year to remove blemishes, keep up the luster, prevent fade and remove any foreign materials from sticking to the paint.
8. The Inside Counts; Avoid Eating Inside
Keeping the interior clean of your car or truck particularly in winter is a challenge. But removing the garbage, shaking out the mats, and giving the dash a wipe will keep the interior looking very fresh and your respect for the cabin high.
Use a hand vacuum and a leather conditioner often. Keep microfiber towels or rags handy to wipe up spills. If at all possible avoid eating in the vehicle. Use spill-proof cups only. The better you maintain the interior of your car now, the better it’ll look when it comes time to trade in or sell.
9. Purchase An Additional Set Of Wheels
While an extra set of tires and wheels for winter will cost you up front, it saves over the long haul -first by lowering the possibility of an accident in winter since you have got better traction, and also by reducing the amount of use both sets of wheels get over the year. Therefore, prolonging their use, and the value.
10. Protect Scratch- And Wear-Prone Parts
Certain parts of the car are vulnerable to heavy wear, particularly the front end. Choosing a clear plastic guard applied by a reliable auto repair shop such as Canadian Super Shop can minimize the damage and rust from the rock chips.
However, consider adding some black vinyl wrap or carbon fiber tape to other parts that are vulnerable to wear and tear, like the door sill, ahead of the rear wheel, the top of the rear bumper -parts that regularly get scratched through normal use. When it comes time to sell, either replace or remove the wrap.