Your car, a symbol of freedom and convenience, is also a significant investment. Yet, it’s no secret that vehicles depreciate over time. Various factors, such as wear and tear, increasing mileage, aging, and modifications, contribute to this decline in value. On average, a car loses approximately 15% of its value each year after the first year. However, this rate of depreciation is not set in stone, and there are practical measures you can take to preserve your car’s resale value over the long haul. Employing helpful strategies ensures that your car remains a valuable asset.
As a car owner, you understand that your vehicle represents both a financial investment and a means of transportation. While depreciation is an inevitable aspect of car ownership, you have the power to influence the extent of this decline. As you work to safeguard your car’s worth, you’ll need insights and tips to help you maintain its value over time.
From careful mileage management and regular maintenance to refraining from extensive modifications and choosing the right vehicle, each piece of advice plays a crucial role in the long-term worth of your car. Please see the accompanying resource for important knowledge and tools that will help protect your car’s value and ensure that it remains a valuable asset for years to come.
Infographic created by Capital Auto Auction