All new cars begin to decline in value once they leave a lot, but you can help fight back against depreciation. If you plan to sell your car eventually, this can be a problem. However, with some tips from MotorWorld | MileOne Autogroup you can attempt to minimize depreciation and ensure that your car is still quite valuable when it's time to upgrade to a new vehicle.
Research Resale Values
Some cars hold their value better than others. Fortunately, there are plenty of online resources that make it easy to see which ones depreciate at a slower rate. Kelley Blue Book and Edmunds can give you the approximate values of models from a few years ago, and this can help you figure out which new vehicles will hold their value better.
Pick the Right Color
This may seem silly, but the color of your car might actually matter when you go to sell it later! That's because cars in some colors, like white, black, silver, and gray, actually hold their value better. These are more “conventional” choices, so it's easier to find a buyer for them.
Take Care of Your Car
Keeping up with routine maintenance is one of the best ways to keep your car valuable. Get your car to the service center when needed and keep it clean. If you can park in a garage or covered parking spot, that's great too. A well-cared-for car is going to be far more appealing to a used car buyer.
Drive Safely
Driving safely not only reduces your chances of getting into an accident, which can greatly decrease the value of your car. Safe driving behaviors also put less stress on key components, which reduces how quickly your car ages and depreciates.
If you have more questions about depreciation or anything else, we're ready to answer them! Talk to our knowledgeable dealers at one of our Pennsylvania car dealerships and find your ideal car, truck, or SUV today!
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