7 Ways You Could Be Damaging Your Car’s Value
Wondering why your car might be worth less when sell your car ? Many drivers unknowingly make small mistakes that knock hundreds off the resale price. Here are the key things to avoid if you want to keep your car’s value high.
To ensure you get the most money possible for your car, we’ve covered all of the essential things that you need to consider. Staying on top of these things should help stand you in pretty good stead.
What happens if you ignore warning lights?
If your car’s dashboard is telling you to do something like check your engine, oil pressure, or engine pressure, then it’s wise not to ignore the warning. Chances are there could be a serious fault with the vehicle, so you need to book it into your garage to get it fixed and checked as soon as possible. According to the RAC, understanding what your dashboard warning lights mean is crucial for maintaining your car's health and safety.
Even if the problem just turns out to be something as minor as a sensor issue, it’s better to be safe than sorry.
Does skipping car servicing lower resale value?
When you’re watching how much money you spend, it can be tempting to put off service checks or always opt for the bare minimum. The problem with this approach is that key faults and damages may be missed. In the long run, this will ultimately lead to you racking up higher costs. The AA emphasises the importance of regular car servicing to avoid costly repairs and ensure your vehicle runs efficiently.
Should you fix MOT advisories to protect your car’s value?
When you have an MOT, it’s fairly common for you to be given a shortlist of ‘advisory’ notices even once your vehicle has passed. These will consist of various faults or impending repairs that will be needed in the reasonably near future but haven’t prevented the vehicle from passing the MOT.
Rather than seeing advisory points as things to put off and pay for further down the line, in many cases, it’s better to take a proactive approach with any suggested repairs. The GOV.UK website explains the importance of addressing MOT advisories to maintain vehicle safety and reliability.
Can aggressive driving reduce your car’s value?
Your driving style can have a significant effect on the condition of your car. Aggressive braking and taking undue care on uneven surfaces can affect both the parts and the exterior of your vehicle. Keep a constant eye out for potholes and consider adjusting your driving style to be more careful.
The National Highway Traffic Safety Administration (NHTSA) highlights how aggressive driving can lead to increased wear and tear on your vehicle.
What basic car checks help protect resale value?
For your car to run at optimum capacity, its components need to be in sound working order and its fluid levels need to be regularly checked. For the latter, this includes everything from engine coolant to oil and brake fluid.
Make sure you regularly check their tread depth and inflation. This is imperative for all-round safety and adhering to the law. What’s more, damaged tyres can lead to knock-on damage to other areas of your vehicle. The AA offers detailed advice on tyre care and maintenance.
Does cleaning your car regularly affect resale value?
From dents to rust, the exterior appearance will be right at the forefront of any buyer’s mind. Whilst you can clean newer dirt and dust shortly before you sell your car, what you’ve done in the past will also be important. If you’ve failed to clear your car for long spells previously, then it may need some more in-depth work to get rid of rust. The more you have to repair, the more money you’ll have to part with.
How does mileage affect car resale value?
For some drivers, high mileage is all but inevitable. If things such as work commitments dictate that you need to drive long distances, then you may struggle to keep your count down, but if you have the option to cut certain journeys, then this could ultimately help you when you come to sell your car. The less mileage you have on the clock, the more money you can expect to receive.
Sell Your Car to Abbeywood Motors
If you have reached a point where you’re looking to sell your car, then our team at Abbeywood Motors can help. We always offer a fair price for the cars we buy & our buying process is very quick, meaning you can have the money within minutes. We can come and collect your car from anywhere in Yorkshire, Derbyshire, Lincolnshire & Nottinghamshire. Why not request a free valuation for your car today!
FAQs About Car Resale Value
Q: What reduces car resale value the most?
A: Poor maintenance, high mileage, and ignoring small repairs are the biggest factors.
Q: Is rust a big problem for car buyers?
A: Yes, visible rust can instantly lower your car’s appeal and value.
Q: How often should I service my car to maintain value?
A: A full annual service is best, and keeping records helps reassure buyers.