How to Maximize Your Vehicle’s Resale ValueBlog May 9th, 2022
Now is the best possible time to consider trading in or selling your current vehicle, as the resale value on the secondary market has skyrocketed over the past few months. Whether you’ve been taking care of your vehicle through it’s life, or its not in the greatest condition, there are always steps you can take to ensure you have the best resale value as possible for when you want to sell or trade it in. From repairs, upgrades, and touch-ups, here are a few tips from us here at Cambridge Centre Honda that can help you make the most out of your vehicle’s value. When you’re ready to sell, get in touch with us for a market-accurate appraisal and competitive offer on your model.
Take Care of Your Vehicle
The best thing you can do to ensure your vehicle retains its value is to take care of it consistently throughout your ownership tenure. Keep up with regular service, have all the needed minor or major repairs done, and consistently clean and detail it. Consistent care helps to ensure it’ll be close to sale-ready at all times, or on the flip-side may be harder to secure a sale, or will be for far less than market value.
DIY Car Repairs
Touching up your vehicle with OEM paint pens, or undertaking minor maintenance like lightbulb or air filter replacement, can go a long way in retaining value for your vehicle. While any significant repairs should be completed by certified professionals, small-scale issues can be easily handled on your own with a little bit of time-investment. For greater added value, consider enhancing your vehicle with upgrades (rims, tires, floor mats, etc) that would be desirable to potential future drivers.
Check the Tires
Tires are one of the most important parts of your vehicle, and tire health is something everyone looks at when purchasing a vehicle. Ensure your tires and rims are cleaned to be as presentable as possible. However, appearance isn’t enough, as tires must be functional first-and-foremost. Check to make sure your tires have a healthy amount of tread left on them before selling, otherwise potential buyers may decrease the appraised value of the vehicle. If you need new tires, or even an extra set of winter tires, check out our inventory here at our Tire Store in our Parts Department.
Prepare Your Documents
It’s always best practice to keep physical records of all vehicle maintenance and repair work done to your car. This documentation is important during the sale process, as it provides a clearer insight to the history of work that has been done, and the work that will need to be done for your vehicle. Having documentation helps cut down the time it may take to execute the sale, and removes a lot of hassle regarding inspection and vehicle reports.
You’re now finally ready to sell your vehicle, so visit our location here at Cambridge Centre Honda to get an appraisal today. We use accurate current-market value when appraising our vehicles, and are always looking to add to our robust used vehicle inventory. Book your appraisal with us today, and trust our Cambridge, Ontario dealership for everything Honda sales, service, and parts.