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Enquire Online Today! - 08 Dec 2021

you can lend more against a maintained vehicle

Handy Tips to Help Maintain the Value of your Vehicle

Your car’s value starts to decrease the moment it is driven off of the showroom floor. In fact, research has revealed that you can lose up to 30% of its value when doing this. Unfortunately, a car’s value continues decreasing until the day it ends up being scrapped. Below are a few handy tips that will help you take good care of your vehicle so that when the time comes to sell it or take a loan against it, you will be able to get as much money for it as possible.

keep car servicing records

1. Keep Accurate Service Records

It’s easy to say that you have taken good care of your vehicle and performed servicing at the required intervals. However, if you don’t have the required records on hand to verify this, you will not be able to get as good a price for your vehicle when the time comes to sell it. It is essential that you have your vehicle’s service book completed each time any form of maintenance is performed.

2. Try to Avoid Scratches and Dents

Although this may sound obvious, many potential vehicle buyers are put off if a car has a lot of dents and/or scratches on its bodywork. Even damage such as scuffs on the dashboard, chips, scrapes and dents on wheels and missing trims can render your vehicle unappealing to a buyer. If possible, have this type of damage repaired before trying to sell your car.

3. Perform Regular Inspections Under the Bonnet

It’s easy to continue driving your car without looking under its bonnet every so often. However, failing to inspect your engine and other parts located here could cause damage to occur without you even realising it. It is recommended that you check oil, coolant, power steering fluid and other fluid levels once a week to ensure that they are sufficient. Failure to do so can result in costly repairs being needed at a later stage.

keep your car interior clean

4. Keep your Vehicle Clean

As far as possible, try to avoid smoking, eating or drinking inside your car. This will help prevent it from smelling bad over time – after all, you certainly wouldn’t want people to think you are driving a mobile fish and chippie! If you do have to eat or drink in your vehicle, ensure that all wrappers and containers are discarded as quickly as possible afterwards - without littering, of course! If food or drinks are spilled, these should also be cleaned quickly and properly to prevent permanent stains on upholstery.

5. Learn How to Drive Economically

Some people have a more aggressive driving style than others, meaning that their vehicles could fall prey to mechanical problems sooner than those belonging to drivers who are more careful. Aggressive driving is not only extremely risky for yourself and other road users; it will also place a significant amount of additional wear and tear on your car – and you will spend more on petrol over time as well.

Keeping the above-mentioned tips in mind will help enable you to keep your vehicle in the best condition possible. This will ensure that you are able to sell your vehicle for as much as possible when then time comes to upgrade, and you can also receive the highest loan amount against it.

Please note: The content provided in our blog posts is for informational purposes only, and does not constitute lending advice, nor does it claim to portray the actual lending experience accurately.