It is time for you to buy a new vehicle. You sift through different options and weigh several factors to get an idea of what type of car may suit you for the next couple of years. You may want to trade in your old vehicle to give you more money towards your next one. But what you may not think about are the necessary steps to take to get the maximum resale value.
Cotrac Lincoln can help with that. Our team proudly serves Dutton and the surrounding area. We can help you find your next vehicle - one that meets your needs and is affordable - and we can also help you get a fair resale value for your trade-in. Let’s take a look at some ways to get the best resale value on your car.
Clean the Interior
While the exterior of your vehicle may seem like a critical part of getting a good resale value, the interior can be just as important. A thorough vacuuming and scrubbing of the interior of your car is essential, especially if you are a pet owner and might have fur in the car. Also, make sure the plastic portions of the car are wiped down with auto wipes to remove any stains.
You may need replacement mats if your current ones are worn. Make sure the cup holder is free of residue, and check that the interior aroma is fresh and inviting. These are all things that will help with the resale value of your vehicle, because the buyer is going to look at the inside just as hard as they do the outside.
Handle Minor Repairs
Take care of any minor repairs to your vehicle before selling it. Maybe your windshield wipers have been a little faulty, the blinker is flickering on and off, or your check engine light is malfunctioning. These are all things that you should fix before selling the car. It’s also a good idea to check the exterior of the vehicle for minor dents, dings, and scratches.
It will likely cost you more money on the front end to get these things fixed, but it will probably lead to an increased resale value. Buyers and dealers are not as eager to take vehicles that require a lot of work. Taking care of these things beforehand is your best bet in the long run.
Battery and Fluids
Pop the hood and make sure everything looks good. Make sure all of the lights work. Inspect all belts and hoses for bulges, tears, or other visible damage. If anything looks out of sorts, it’s a good idea to take the vehicle to a mechanic if you are not comfortable fixing it yourself.
Replacing the battery is a relatively cheap fix. Make sure it is in good health, and don’t forget to check for corrosion. Everything under the hood will be checked and any issues will affect the resale value of the car. It is best to take care of these things before trading in as it will benefit you in the long run.
Understand Your Ballpark Value Before Selling
The beauty of the internet is that it makes things, like car values, easy to find. Go online to get an appraisal on your car. There are several online appraisal tools that will help you learn what your car is truly worth before you hit the resale market. This is an essential part of getting a fair deal on your car and maximizing its value.
Have Your Documentation
No one wants to deal with the hassle of paperwork, but it is absolutely necessary when buying and selling a vehicle. Your documents should include your Registration Certificate (RC), valid insurance policy, Pollution Certificate (PUC), and warranty documents of components like batteries and tires. In case you are missing any of the necessary papers, you can file to get another copy.
If you’re missing a document at the time of your resale, that could negatively affect the resale value of the vehicle. Treat it like evidence. You are presenting a case that your car is worth the maximum possible value. You have to have the receipts to back up your case.
Cotrac Lincoln is Here to Help
Hopefully this gives you a better idea of all the factors that go into maximizing the resale value of your vehicle. From the interior to the exterior, under the hood, and having the proper documentation, these are all elements that will affect your trade-in value.
Our team at Cotrac Lincoln is here to assist you in any way we can. We proudly serve Dutton and the surrounding areas. We can help you trade in your vehicle, as well as show you our inventory to put you in a new vehicle that meets your needs and suits your lifestyle. Stop by our dealership or go online at www.cotraclincoln.ca for more information.