Four Practices to Preserving Your Car’s Value: Advice from McCloskey Motors

As a car owner, you’d naturally want to keep your vehicle in great shape and retain its value over the years. Whether you’re planning to trade it in someday or sell it privately, the value your car holds can significantly impact your financial return. At McCloskey Motors, we pride ourselves on ensuring our customers understand the importance of car value preservation.

Here are four things car owners SHOULD do to retain their car’s value:

  1. Stay on Top of Regular Maintenance: Regular maintenance is the backbone of a healthy vehicle. Staying current with oil changes, tire rotations, and other periodic maintenance is critical. Ensure that you follow the manufacturer’s recommended service schedule. Keeping a detailed record of your maintenance activities will contribute to the car’s longevity and serve as a convincing document for potential buyers about how well you’ve taken care of the vehicle.
  2. Keep It Clean and Protected: Maintain your car’s appearance by cleaning it regularly, both inside and out. Regular washing and waxing help protect the paint and prevent rust. For the interior, regular vacuuming and cleaning can keep the upholstery and surfaces looking new. Investing in car covers and parking in shaded areas or garages can also help protect your car from weather-related wear and tear.
  3. Address Repairs Promptly: Don’t let that small scratch or dent wait too long before being fixed. Addressing repairs as soon as they occur prevents them from becoming larger issues. This also includes mechanical repairs. Listen to your car; if something doesn’t sound or feel right, it’s best to have it checked out sooner rather than later. Keeping your car in prime condition mechanically and aesthetically will make it much more appealing to potential buyers or traders.
  4. Use Quality Parts and Accessories: When it comes to replacements or additions, opt for high-quality parts and accessories. This shows that you didn’t cut corners in maintaining your vehicle. When possible, use original equipment manufacturer (OEM) parts for repairs, as these are often more trusted and reliable than aftermarket parts. If you decide to add accessories, ensure they are tasteful and add value to the car, rather than overly customized additions that may not appeal to the general market.

While many factors contribute to a vehicle’s resale value, some certain habits and actions can notably depreciate your car’s worth.

Here are four things car owners SHOULD NOT do if they want to retain the car’s value:

  1. Neglecting Regular Maintenance: It’s easy to overlook or procrastinate on routine car maintenance, especially if your car seems to be running just fine. However, regular upkeep is crucial in preserving the overall health of your car. Skipping oil changes, tire rotations, brake checks, and other periodic services can lead to bigger, more costly issues down the road. Furthermore, potential buyers or dealerships like McCloskey Motors will pay attention to your car’s maintenance record. Showing a thorough, consistent record can significantly improve your car’s resale value.
  2. Ignoring Minor Damages: Small dings, scratches, or interior stains might seem insignificant, but they accumulate over time and can substantially impact your car’s aesthetics. These visual imperfections are often the first things potential buyers notice. If not promptly addressed, minor damages can lead to more serious problems. For instance, a small chip in your windshield can crack over time, and untreated scratches can lead to rust. Make sure to repair minor damages as they occur to keep your car looking its best and to protect its resale value.
  3. Smoking Inside the Car: Smoking in your car can drastically reduce its value. The smell of smoke is difficult to completely remove and often lingers long after a smoker has quit smoking in the car. Additionally, smoking can cause physical damage like burns on the upholstery or carpeting. Many potential buyers are instantly turned off by a car that smells like smoke, significantly narrowing your market and lowering the price you can demand for your vehicle.
  4. Over-customizing Your Vehicle: While it might be tempting to add flashy modifications to your car, they often do more harm than good when it comes to resale value. Not every buyer will appreciate or want to pay extra for your custom leather seats, new sound system, or under-car lighting. Furthermore, some modifications can void parts of your car’s warranty. Stick with original parts and retain any items you replace so you can revert the car to its factory condition before selling.

Preserving your car’s value is an ongoing process that begins the moment you take ownership of the vehicle. Retaining your car’s value is an attainable goal with regular care and attention. By following these tips, you’ll ensure that when the time comes to part ways with your vehicle, you’ll get the best possible return on your investment. If you have any questions or need assistance in finding a reliable used car that holds its value, the team at McCloskey Motors is here to help. Visit us today and let’s embark on a journey to automotive value preservation together.

A man cleaning his Acura brand car.
June 29, 2023