Smart tips to preserve your car’s value

YOUR new car starts depreciating in value the moment it leaves the showroom floor, which is why maintaining its value should be a priority.

Luckily, there are a few practical ways of avoiding a larger than necessary financial loss when reselling your car privately or trading it in.

As simplistic as it sounds, the best way to preserve your car’s value, is to take care of it. By avoiding bad driving habits, you can effectively maintain your cars’ original pristine state a lot longer. Here are a few tips to assist you in doing this.

Defensive parking

Scratches and dents are going to happen, but with a more defensive parking strategy, you can minimize them. When you park, try to find an empty slot away from other vehicles.

Avoid parking next to a corner where other vehicles may hit your car as they turn. If you have to parallel park, try to get a slot at the end of the row.

Parking your vehicle in a lock-up garage will adequately protect it from environmental damage, and in addition to this, you will likely receive a significantly reduce your car insurance premiums.

Keeping mileage low

If you keep your car’s mileage down, you are preventing wear and tear on your vehicle, and you will ultimately be able to resell it for a higher value.

Ultimately, you could consider the benefits of arranging a carpool with your colleagues rather than increasing the mileage on your vehicle or you could avoid long trips where possible.