Three Easy Ways to Boost the Value of Your Car
It can be a bit overwhelming if you’ve decided to sell your current vehicle. It’s tough to a gauge a fair value for your specific car, and there are several attributes that could work towards or against your favor. Either way, there are several steps you can take to maximize the value of that car.
If you’ve recently thought, “hey, it’s time to sell my car for cash,” you should follow our guide below to get the best value on that vehicle…
Maintain Your Vehicle
Taking care (or, at least, cleaning) your used vehicle will help increase the value of your car, if only slightly. Even if you don’t have the money to get a professional to wipe down your interior, a day’s worth of scrubbing and vacuuming could truly go a long way.
“Unless your car is a rusty bucket of bolts, a professional detailing job is always worth the money,” said Richard Homan, the senior vehicle evaluation editor at KBB.com. “If you don’t want to spend the money for a professional job, be sure that you at least wash and wax your car and change the oil.”
This bit of extra work will actually pay off (literally). If you’ve serviced your car’s engine or replaced aspects of the mechanics, you’ll find that your used vehicle will sell much quicker.
“Most used-car buyers don’t want to think about fixing their car. So if you can brag about your car’s new brakes or high-quality tires, it will sell much quicker,” Homan added.
Replace Faulty Parts
Nobody wants to purchase a vehicle that has broken headlights or a dented hood. If the customer isn’t completely satisfied with the used vehicle, there’s no pressure for them to make the purchase. They can simply walk away, or they may try to negotiate a lower price.
By replacing several of your vehicle’s aging and dying parts, you can expect the investment to pay off when it’s time to sell that vehicle. Kelley Blue Book suggests simple, inexpensive replacements that will impact the vehicle’s aesthetics, like lights or windshields.
You could opt to make costlier repairs, like replacing the brakes (although brake repair is generally pretty inexpensive). You may want to also consider a set of tires, especially if your current grouping of tires have seen considerable wear and tear.
Finally, Dan Ingle, KBB’s Vice President of Vehicle Valuations and Industry Products, suggests removing those dings and scratches from your car’s body. If the laceration’s are clear to the eye, you’re clearly going to turn off some potential customers. That’s why a dent wizard may be the only choice.
“Dent removal experts can be very affordable – often charging only $100 to remove several dings,” says Ingle. “You will be saving the buyer the headache of taking it to the body shop.”
Clean the Exterior and Interior
This may seem rather obvious, but buyers are going to be turned off if their potential purchase looks like a pigsty. A simple vacuuming and scrubbing could truly go a long way, and the removable of any lingering smells (like smoke) could help boost the value of your used car.
“Make sure your car is clean,” Sheronde Glover, the founder of a consumer car education company, told Margarette Burnette of Bankrate.com. “A good detailing job might cost about $50, but it could increase your car’s value by several hundred dollars.”
Even waxing your interior could boost that car’s value, as a fresh paint job looks considerably better than a faded exterior color.
There you have it. If you’re looking to maximize the value of your used vehicle, follow these steps to help improve the likelihood that you receive a great deal. Of course, even if you don’t see a real jump in value, you can feel good that the vehicle didn’t lose any value, either.