Besides your property, your vehicle is most likely the most expensive purchase you ever made. When looking it like that, maintenance seems obvious. Nevertheless, we have a lot of things on our minds and bigger priorities, and we tend to leave our cars at the bottom of our task list - at least when nothing seems wrong.
If improved fuel efficiency, longevity and overall shape of your car aren’t a big enough motivation to have regular maintenance - maybe its impact on your vehicle’s value is.
How Does Maintenance Maintain Your Vehicle’s Value?
Maybe you’re not planning on selling your car right now, but there might come a time when it’ll be necessary. Once that time comes, you’ll regret that you didn’t keep it well maintained. Why?
Cars lose their value quite rapidly. It’s estimated that your vehicle loses 10% from its initial value as soon as you buy it and up to 60% more within the next five years. If you don’t regularly maintain your car, it’s price might drop even more.
Although you will never get a good return on investment with most cars, you can boost your price with periodic maintenance. Not only will your car be in better shape, but you’ll also be able to show the records of the repairs to interested buyers. All things considered; the cost of maintenance seems insignificant when compared to the amount of money you’ll lose if you don’t take good care of your vehicle.
How to Maintain Your Car to Maximize Its Value?
Now that you understand the importance of vehicle maintenance, you may wonder what are the best ways to do it.
Regular tune-ups are a highly recommended practice, that ensures the mechanic will fix small issues with your car before they start creating some real damage. Cars that get regular tune-ups also ride better which is something your customers will notice right away.
Aesthetics of your car are also important. Wax it regularly to avoid having to pay huge sums for a full paint job. Keep the interior in the good shape as well. Try to clean the stains on the carpets and seats as soon as you notice them. With time they’ll build up and may stay permanent - inevitably decreasing the value of your vehicle. Book a cleaning service from a professional occasionally - they will perform a much more detailed cleaning and make sure you haven’t missed anything.
Finally, try to think long-term. "Although maintenance might seem like a nuisance right now it’s an investment worth every penny. Your future self will thank you!" says Auto Genics - Markham Auto Repair.