It is fair to say that when you purchase a car, it’s likely to be one of the biggest investments that you will make in this lifetime after the purchase of your first home and paying for the education of your children. It makes sense then that you would try to protect your investment when given the opportunity and so this is why many Australians spend money on their cars on a regular basis. It is important that you maintain your vehicle by carrying out regular servicing and washing and waxing it whenever you have any free time.
If you’re thinking to yourself right now how much is my car worth then you could always use the various online apps that can give you an idea of its value based on the make and model, the miles covered and the general condition that it is in. There are other ways however that you can add value to your vehicle so that when the time comes to sell it further down the line, you can get the best price possible. The following are just some of the top ways to increase the overall value of your car here in Australia.
- New wheels & tyres – This is an addition that can happen quite quickly and is also very affordable. Putting new rims on your car helps to transform it immediately and also adds value to it as well. Always make sure that you invest in quality tyres so that your vehicle is safe on the road and especially if it is raining. Also make sure that you don’t buy wheels that are too big for your car and will end up rubbing on the wheel arches.
- Carry out regular servicing – As was touched on briefly before, you can’t expect the engine and other parts of your car to take care of themselves and so it is down to you to make sure that the car is booked in on a regular basis to an experienced and qualified mechanic. You can easily sell your car for a much higher price than its book value based on a service history that can be checked and that you have receipts for.
- Upgrade parts for better performance – There are a number of things that you can do so that your car performs better and consumes less fuel for example. The thing to do would be to talk to your local mechanic who has experience in such things and they can properly advise you as to the parts that you might want to change so that your car drives better, handles better and adds real value to the overall price.
We tend to form an emotional bond with our cars here in Australia and so you need to be careful that you don’t expect a price for your vehicle that is unrealistic. When the time comes to sell it, be flexible in your pricing structure and always be willing to come down.