The instant a vehicle is driven off the dealership lot, its value starts to drop—and it does so quickly. On average, cars depreciate by about 20% within the first year, with the loss increasing to nearly 40% after five years. Thankfully, there are strategies to help slow this decline.
Staying on top of regular maintenance is crucial for maintaining your car’s value. Routine services like oil changes, tire rotations, and scheduled inspections keep the vehicle running smoothly and looking its best. Following your mechanic’s recommendations can go a long way toward extending the car’s lifespan and preserving its resale value.
Keeping detailed records of all maintenance and repairs is another wise move. Documenting service dates, mileage, and the work performed shows potential buyers that the vehicle has been well cared for, making it more attractive when it’s time to sell.
When purchasing a car, it’s also beneficial to consider its future resale or trade-in value. Seeking advice from automotive professionals can provide helpful insights into market trends, enabling you to make smarter decisions when you’re ready to upgrade.
For more ways to protect your car’s value and get the most from your investment, check out the infographic below.
Content created by Capital Auto Auction, reputable car auction company
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