What is resale value when it comes to your car, and should you really be worried about it?
Let’s break that into two parts. First, what is resale value? This is basically how much your car is worth – if you were to turn around and sell it tomorrow, how much money would you get for it? Resale value depends on a lot of factors and there are ways you can keep it high so you get more bang for your buck should you decide to trade in or sell down the road.
Resale value matters when it comes to car shopping
Next, should you really be worried about it? In short, yes. If you want to get the best value possible so you can put that money into a new ride, then this should be an important part of both your car shopping decision and your ownership. Toyota of Orlando has tips!
Tip #1: Consider the color of the car you want to buy.
Some colors just aren’t as popular as others. If you want to get into an Orlando Toyota that has good resale value, shoot for more traditional hues like silver, red, black, and white. Stay away from colors like purple, orange, green, and anything else that might deter a potential buyer.
Tip #2: Think about performance features before you sign.
Off-road features and four-wheel drive make sense if you live in a mountainous area or like to take things off the pavement. However, if you spend most of your time in suburbia these features don’t make sense and you’ll have trouble selling your vehicle in that market. Choose the features that are best-suited for your area and you’ll have more resale value in your Orlando Toyota.
Tip #3: Buy based around features that will boost value.
Technology, believe it or not, doesn’t really do much for value. It changes so fast and so often that something that’s cutting-edge now may not mean much in five years. However, things like moonroofs and leather-trimmed seats will still be popular years down the road and get you more bang for your buck.
Toyota of Orlando shares tips to get more bang for your buck
Tip #4: Clean your car.
Keeping your car clean and detailing it on a regular basis can help ensure you get your money’s worth when it’s time to sell. This means vacuuming out the interior and shampooing the seats to keep the interior like-new, as well as washing and waxing the exterior to protect the paint. Don’t forget to use a sunshade to protect the interior from damage!
Tip #5: Don’t skimp on routine car care.
Never skip your auto service, especially if you want to get your money’s worth when you sell. A car that’s routinely serviced will perform better, last longer, and also provide peace of mind to a future buyer that it’s not going to have any major or costly issues. Be sure to keep your service records!
Have questions? Call Toyota of Orlando today at (407) 298-4500!