[] Gistdeck small business ideas <h2>How to slow the depreciation of your vehicle</h2> | Gistdeck Business ideas

Monday, 19 February 2018

How to slow the depreciation of your vehicle

Depreciation is your worst enemy. You've invested a large amount of time researching methods to avoid the depreciation of your vehicle, but unfortunately for everyone, it's inevitable. Over the years, all the wear and tear of your car – new or old as it may be – will decrease its value. But, that doesn't mean to say that you can't slow it down in the meantime. 

1.Choose a Good Quality Vehicle

If you're certain that you'll be selling your car further on down the line, be sure to invest in one that offers advanced safety features and other clever options too – people would be more likely to pay additional money for advanced tech, safety features and a generally decent car altogether.

2.Purchase a Second-Hand Car

You might not already know that second-hand cars depreciate at a much slower rate than those that are brand-new. If you've taken to the decision of purchasing second-hand cars, then you're in a fantastic position to slow down the depreciation of your car. Fortunately for you, with nearly new or second-hand cars, the previous owner has already dealt with the largest part of the depreciation – Your only concern is the upkeep of the car from then on.

3.Don't Customize Your Car

Sometimes it's much better to just leave a car in the state it was in when you first bought it from the seller - customizing takes away its original value. Think of it like this; you've been trying to find your dream BMW for years now, and when you finally find the perfect offer on one, you discover that it's had the exhaust swapped for a loud and obnoxious cannon. You'd undoubtedly be disappointed, wouldn't you? So, if you know that you’re going to sell your car on to somebody else, make sure that you keep the little personalised and customized features to a minimum to save future buyers from looking elsewhere when the time comes.

4.Take Good Care of Your Car

Car maintenance is a standard – your car cannot be on the road without passing an annual MOT and service test. But, that shouldn't stop you from making the extra effort by looking after your car in the meantime. You know yourself that when you go to purchase another car, be it old or new, you're more likely to be interested in buying one that looks as though it has been looked after. Needless to say, looking after your car means that it's likely to be in better shape in the near or distant future. If you decide not to keep your car in good shape then be prepared to get less for it when you decide to sell it on to somebody new. 

5.Keep Mileage Low

Nobody wants a car with one hundred thousand miles on the odometer, right? You probably wouldn't be the first person keen to purchase a car with 98,000 miles on the screen, which is why it's always nice to keep the miles as low as possible. If your car travels a significant number of miles in the time you own it, its value is more likely to decrease as well – meaning that you wouldn’t get as much as you'd expected to when you sell your car on to somebody else. To avoid racking up the miles, consider hiring a car for long trips, you could choose something with more space and features to make the journey as stress free as possible.

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