Why isn’t my car’s resale value as expected?

0
347

Are you scratching your head while searching for the reasons why your car isn’t worth as much as you thought it to be? Well, do you still remember the day you bought a shiny, sleek, and sexy vehicle, zoomed it in your driveway, and enjoyed the best years driving it? Now that this baby has seen its best years, it’s time to move on and give that vehicle away in exchange for some cash. We know you are looking for a reseller or second-hand buyer who’s going to love your vehicle as much as you did. But somehow you are not getting the expected rates — it is natural to get worried.

Factors that reduce the resale value of your car

Normally, every vehicle’s price depreciates after some time and there is nothing anyone can do about it.  But if you are really getting only peanuts for your beloved car, then you are bound to get worried as to what is eating up the resale value of your vehicle. We have listed the most common reasons.

  • Lack of maintenance — Did you ever pay attention to the regular maintenance of your car?  Well, we have seen car owners literally ignoring the regular services of the vehicle and that is why the car shows huge issues while driving. If you are one of those people, then it is obvious that you won’t get much money when you sell the vehicle. Anyone would pay a nice sum if they find that brakes and tires and steering are just like new. But who’ll pay you high rates if they know that the interior and parts of your vehicle are jammed and not maintained at all?
  • Over customization — We know you love your car a lot. But that doesn’t mean that you have to entirely change its body and even interiors to make a mark that stamps it as your possession. But if you have customized your car way too much and it seems entirely different from the basic model that you get in the market, then obviously anybody will hesitate to pay for it.
  • Damage due to accidents — One of the very prominent reasons why you don’t get the expected amount for your vehicle is serious damage due to some accident.  Even if you try to hide, the car that has witnessed a drastic accident recently can be easily recognized. You even know the amount of damage, dents, or scratches that happen in the car reduce the resale value. In such a case, we would suggest you give away your car in exchange for cash for cars in Auckland to Auto Wrecker.  They accept any kind of damaged and old car and provide you a reasonable amount for the same. What’s more, they even pick up the vehicle from your property and you don’t have to bear any inconvenience during this process.

We have listed all the prominent reasons why you aren’t getting a good amount when you intend to sell your car and second-hand rates. Practically, you should accept the fact and go for the best option available.

LEAVE A REPLY

Please enter your comment!
Please enter your name here