"WHAT ARE THE WAYS TO ENHANCE THE RESALE VALUE OF YOUR VEHICLE?"
"Buy My Car, Sell My Chrysler (650 Words)"
[ "WHAT ARE THE WAYS TO ENHANCE THE RESALE VALUE OF YOUR VEHICLE?Nowadays, the demand for second-hand vehicles has been at its peak. Today, due to the COVID-19 situation, more and more people are buying or thinking of buying their vehicle to avoid travelling and using public transports. So, if you are thinking of selling your old vehicle, this may be the right time to sell your vehicle. There are a variety of ways to sell your vehicle. Either you can contact your dealer or you can go through the portal that assists you in buying and selling your old vehicle. Organized dealers, involving an online portal, go through complete and proper assessments and verification of the buyer's documents and records. This way the chances of getting wrong buyers, who use the vehicle for any illegal objective, is reduced.VALUATION ASPECTS- Those online portals which assist you in buying and selling the vehicle have an online calculator that determines the expected price you may get for your vehicle, based on a few aspects. To Buy My Car, the buyer will primarily check the age and then the other factors.THE AGE OF YOUR VEHICLE- the most significant aspect of your vehicle is its age. The value of your vehicle drops the minute you buy it, even if you did not drive it, and then depreciates every year. This is also known as age-wise depreciation. When it comes to ageing, nothing can be avoided, everything ages with time. The age of the vehicle depends on variant, model and other factors, for example, the depreciation rate can be 10-25? per year. Hence, if the age of your vehicle is low, its depreciation will be changed less and ultimately the value will increase.OTHER FACTORS - other than the age factor, many other factors also affect the value of your vehicle. The value of a used vehicle is broadly based on miles, run, model, variant, condition, ownership, registration year, status or frequency and also the district of registration of the vehicle. The more demanded models are more likely to achieve a higher sale price. There are brands better than and more demanded as compared to others and hence, you are paid higher for those vehicle brands. When we talk about colour, white is the most wanted colour and demands a higher price. The constant change in ownership also affects the price of the vehicle, the more the ownership, the lesser will be the price for the vehicle. A vehicle that has been driven for a long time commands a lesser price as compared to the vehicle that has been driven for fewer miles. The odometer and ownership reading of the vehicle can affect the vehicle's price by 10% and the other compensation cost on an old vehicle on paint, engine, tyres and others can be up to 7-8? of the vehicle's price. Also, vehicles with zero accident history, attract a better price as compared to the ones, with an accident history.INSURANCE- the renewal of the insurance of your vehicle is necessary at the time of sale. If it's not insured, then your vehicle is likely to be priced low. An insured car is likely to command a higher sale price, so it is advised to have at least third group insurance for your vehicle.TIPS TO KEEP IN MIND TO INCREASE THE RESALE PRICE1. Take your vehicle to the service station- this won't even cost you much, just around 10k or below, that to depending on the model and variant of your vehicle. This service will pay you back in a good way when you sell your vehicle at a fair price. This small service will enhance the life of your vehicle and so you should stumble in getting a few changes in your vehicle such as oil change, air filter change, engine, tyre pressure etc. A vehicle moving without any mechanical issues use is the most preferred option by the buyers. When you are buyer demands for a test drive, assure the smoothness of your vehicle. And during the negotiations period attach a premium to this smoothness.2. Repair the dents and scratches - having a few dents and scratches on the vehicle is very common these days, especially in crowded cities. But, this can have a bad impact on your vehicles' resale value. It gives a bad impression to the buyer that the vehicle has not been maintained. Hence, it is recommended that you fix all the dents and scratches before you put your vehicle out for resale. It doesn't even cost that much and is just a small, friendly repair that can bring you greater resale benefits. For small dents and scratches, you can use toothpaste to help clean the small scratches.3. Get tyre replacement - Tyres are the most functional part of your vehicle and are mostly overlooked by buyers. Make sure the tyre tread of your vehicle is adequate and does not have uneven wearing. According to the manufacturer, your tyres should be changed after every 50000 km. An old-looking pair of tyres make a bad impression on the buyers, which can further affect the resale price of the vehicle. So before putting your vehicle out for sale, make sure you get your tyres replaced. To Sell My Chrysler, I followed all the above steps and received a pretty good amount of price for it." ]