How to Preserve Your New Car’s Value November 14, 2019

A new car – whether it’s fresh out of the factory or second-hand – is one of the most exciting purchases you can make; it can change the way you feel about your usual commute, and make you enthusiastic about getting behind the wheel again. And whether you’ve paid upfront, or opted to buy a car through no deposit car finance, preserving your new car’s value is vital to you getting your money’s worth, and saving yourself time and trouble later.

Here are some of the easiest ways to take care of your new car, and ensure that you get the most out of your investment.

Keep the Paint Clean

Bird droppings, bugs and tree sap all leave permanent marks on your car’s paintwork, which will prove very costly to repair, or bring down the future value of your car. It’s much better to wipe off any deposits as and when you notice them, and to give your car a weekly scrub-down with car soap and water to ensure that the paint is kept as clean as possible.

Check your Car’s Fluid Levels Fortnightly

Many people forget to check their car’s oil and coolant levels regularly, but not keeping them topped up can cause severe damage to the engine. For your own safety, and to save time and money, open up the bonnet at least once every two weeks and check your car’s fluid levels.

Watch Your Mileage

It’s a sad fact: the higher the mileage counter climbs, the less your car is worth. There are many good reasons to limit the amount you drive; it’s cheaper, less of your time is wasted on the petrol station forecourt, and it’s better for your carbon footprint.

If you’ve opted to buy your car through a car finance company, then you may have a prearranged limit on your yearly mileage. This is typical for a PPD agreement, which offers cheap monthly payments and no deposit options. Having a specified mileage limit can also provide a useful framework for preserving your car’s remaining value.

And since each 20,000 miles will generally cut around 20% from your car’s value, restricting your yearly mileage will pay off in the long run.

Keep Up to Date with Services

This one goes without saying, but ensuring that your car is regularly serviced by a professional mechanic will prove far more cost-effective than major repairs further down the line.

Practice Smooth Driving

Perhaps your old driving instructor told you to drive as though you have an egg on your bonnet, or a stack of plates balanced on the backseat. Flooring the accelerator, harsh braking, and abrupt turns all increase the wear and tear on your car much faster than a smooth, gentle approach to driving.

What’s more, being gentle with your car can also decreases your fuel consumption.

Remember…

Taking care of your car doesn’t have to be difficult. By taking a few extra steps to make sure that it’s running to the best of its ability, you can preserve value and ensure that it keeps running for as long as possible.

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