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Car Finance Brisbane
In terms of resale, what are the items that directly affect a car’s resale price?
Car finance Brisbane – There are a number of things that can affect a car’s resale value.
Make and model
The type of car itself can affect its depreciation and resale price. There are certain makes and models that have a good or a bad reputation for being reliable or being unreliable. This will definitely determine the resale value.
Climate
Four wheel or all-wheel drives are more popular in cold areas, while convertibles are in demand in warmer places. This demand would affect the car’s resale value. Equally, four wheel drive and utilities can be more popular in the country than in the city.
Economy
The country’s economy plays a role in depreciation. When petrol prices are high, vehicles with low fuel mileage, like SUVs, depreciate more quickly because its demand goes down. Likewise, low prices drive up resale prices of guzzlers because consumers want them.
Colour
Cars with standard colours have more resale value than those with trendy colours. The “safe” shades stay popular in the future, compared to vehicles with customised colours. This popularity brings up the resale value.
Upgrades
Some upgrades like leather seats and sunroofs add value to your car and drive up their resale price. However, many electronics-based improvements like a stereo or GPS do not because they depreciate quickly.
Accidents
Any damage to a car can affect the resale value. Minor dents like shopping trolley dents do devalue your car. These can be fixed by the dent repair man and should be done every 12 months. Major accidents devalue cars more quickly, even when repaired and new parts are used.
Maintenance
Taking good care of a vehicle will keep its value up, especially if you strictly follow its maintenance schedule. Log book servicing is very important to a car’s overall price.
There are many ways to curb the effects of car depreciation. You can start by choosing a make and model with a reputation for reliability and overall quality. More importantly, you have to take good care of the vehicle by having it serviced regularly by following the maintenance schedule in the owner’s manual.
Be sure you wash and polish your car frequently. Maintain its interiors by not smoking in the car and having it vacuumed and shampooed regularly. Driving safely is also important because it reduces the car’s wear and tear.
Car Finance Brisbane can be contacted on 1300 256 267.
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