How Will Preventive Car Care Increase its Resale Value?
Nothing could be more depressing to drive your brand-new vehicle off of the lot and realize that a good chunk of your value just disappeared through depreciation. While many vehicles lose as much as 50 percent or more of their value in the first three years, keeping records of scheduled maintenance on your vehicle may help you retain some of that important resale value. There are a variety of factors that affect the rate of depreciation such as the type of vehicle, number of owners and the overall mileage. Your local mechanic can provide you with the support and routine maintenance that you need to prolong the life of your vehicle.
Perhaps one of the easiest ways to ensure that your vehicle stays in top condition is by conducting monthly fluid checks. Every month, vehicle manufacturers recommend that you check your oil and windshield wiper fluid at a minimum. While oil needs to be completely changed every 5,000 to 7,000 miles, checking the color of your oil and the oil level in your vehicle can alert you to any early problems. If your oil looks black when you pull out your dipstick, it's time for an oil change. Also, if you notice that levels are low and it's not quite time for your next oil change, it's very easy to pop in another quart of your selected oil.
Annual checkups are also an important part of vehicle maintenance. There are certain fluids, such as brake fluid, that only needs to be changed every three to five years, but items such as coolant and power steering fluid need to be checked on an annual basis. While most will only need to be replaced every few years, an annual check helps ensure that you're heading off any small issues before they become big problems. Every few years, or 40,000 - 60,000 miles, many manufacturers recommend that you also check:
- Timing and serpentine belts
- Battery and clean the contacts
- Cabin air filter
- Engine air filter
- Spark plugs
- Rotate and balance tires
Keeping a written service history of the maintenance tasks performed on your vehicle is yet another way to extend the life of your car, and to get the best resale price possible. Buyers want to know that a vehicle has been serviced appropriately, and a written record allows you to point to the excellent care your car has received. Repair any damage as soon as possible to minimize the chances of rust or additional damage.
When you buy a vehicle, don't get stuck upside-down in a loan because of excessive depreciation. Instead, make sure your trusted automotive partner performs regular maintenance that will reduce overhead and extend the life of your car, truck or SUV. Contact the friendly and proactive professionals at Auto Tek today to learn more about maintenance recommendations and to schedule your vehicle's next checkup!