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Ten Ways To Ruin Your Car's
Resale Value
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NEW YORK (CNNMoney.com) - Any car loses value over time. How much it loses is, to some
extent, up to you.
There are lots of things people commonly do, or don't
do, that can pound down a car's eventual resale value
much faster than the simple passage of time and ordinary
wear.
If want to keep your car's resale value as high as
possible, perhaps you shouldn't get that monster stereo
system installation or munch on that burger with fried
onions while you're in the driver's seat.
Kelley Blue Book, known as a resource for used car
values, offered this list of things drivers often do
that damage their cars' value.
Toss maintenance records
It's easy to scrap that oil change receipt or forget to
have your dealership initial your service manual for the
50,000 mile check up. But the best way to ensure a buyer
that your vehicle was properly maintained and cared for
is through documentation. Taking care of your car's
engine is great. But without proof, all that work won't
be worth much at trade-in time.
Pick a wild color
That metallic purple paint job may seem attractive on
the sales lot, but many times car owners find it harder
to sell those exotic-colored cars later on. Instead
consider a more popular color such as black, silver or
white, recommends KBB.
Get unpopular options
Picking out options on your new car that suit you may
seem like a no-brainer, but be sure to include equipment
that other buyers will want such as anti-lock brakes
(ABS), alloy wheels, a CD player or leather-upholstered
seats.
Eat and go
It may be unavoidable at times, but eating in your seat
is a fast track to damaging the interior of your car. If
possible, consider the mess potential of any foods you
might eat in the car.
Personalize permanently
KBB also recommends passing on the vehicle
personalizations for your new car or at least keeping
them to a minimum. Who's going to want to buy a car with
your nickname emblazoned on the trunk lid?
Let the interior go
Neglecting your vehicle's interior is one way
drivers can ruin their car's resale value. Instead make
sure the upholstery and mats in your car are in good
shape.
Pump up the volume
Your driving experience may not be the same
without that extra subwoofer or those upgraded speakers,
but replacing the factory stereo, especially if it means
carving away parts of your car, may jeopardize your
vehicle's resale value.
Mix-and-match tires
Buying mismatched tires and forgetting to have them
checked and rotated regularly is another trap many car
owners fall into. Buy a complete set of the same brand
for both safety and to maintain your car's resale value,
KBB suggests.
Ignore those door dings
That scratch or ding may not look like much
from the outside, but they could have a lasting impact
on your car's value if not fixed in a timely fashion.
Often those blemishes are the first step toward rust and
could result in expensive damage to your car over time.
Choose poorly from the start
It's tempting to pick the car that grabs your
eye at the dealership, but make sure you pick a vehicle
that has a good projected resale value. KBB says if you
do your research ahead of time, it could save you money
down the road. |