Car Resale Value – Get the Most out of your Used Vehicle

car resale valueOnce you decide you are financially ready to purchase a newer car, one of the first things you must identify is where you’re going to get the funds for the down payment. If your plan is to trade in or sell your current vehicle, you will want to make sure your car resale value is in a position to get you top dollar. When selling, your options are to accept an offer from your local car dealer or try to close a private sale. The latter could make you slightly more money. However, the trade-off is having to spend time advertising and meeting multiple potential buyers. This is why going straight to the dealership is often the most appealing choice. To get the most out of your pre-owned vehicle, use the following tips.

Understand How Value is Determined

Before you make any moves to get rid of your car, it’s important that you become familiar with how car resale value is determined. There are several factors an appraiser will take into consideration, including year, make and model, condition, mileage, and demand. Newer vehicles and those with low mileage are typically more profitable for dealerships because they’re easier to resell. Some brands naturally hold their resale value well and are in higher demand among buyers, which makes them worth more as well. In addition, both the exterior and interior condition of a car will significantly impact how much a dealer is willing to offer.

Take the Proper Steps to Increase Your Car Resale Value

There are a few things you can do to help boost your car resale value.

  • Make Sure It’s Clean Inside & Out: First impressions are everything, and an appraiser won’t be impressed by a dirty, smelly car. A clean vehicle could mean the difference in making a few hundred to a few thousand extra dollars on your offer.
  • Bring Maintenance Up to Speed: It also helps to have all of your routine maintenance tasks current. Change your oil and replace other fluids, rotate and balance the tires, get a tune-up, and have the brakes inspected.
  • Get Rid of the Dents & Dings: Dents and dings are not aesthetically pleasing to look at. Spending the money to remove these from your vehicle’s bodywork can provide a great return when selling or trading it in.
  • Be Able to Provide Service Documentation: Dealerships want to see that a car has been well taken care of. Have your maintenance records on hand as evidence of good upkeep.

Peters Auto Mall Makes Car Sales & Trade-Ins Hassle-Free

The Peters team is committed to making your experience hassle-free. They work to complete the appraisal process in as little as 20 minutes. Plus, they can be trusted to always offer a reasonable amount that accurately matches the true car resale value. After they have provided a written offer, customers have seven days to decide whether to accept or not. This gives you plenty of time to think over the over. From there, it’s up to you to decide what you want to do!