The moment a vehicle leaves the dealership, its value begins to decline—and it happens rapidly. On average, cars lose about 20% of their value in the first year, with depreciation climbing to nearly 40% after five years. Fortunately, there are steps you can take to slow this process.
Staying current with routine maintenance is essential for retaining your vehicle’s worth. Regular services such as oil changes, tire rotations, and scheduled inspections help ensure optimal performance and appearance. Following your mechanic’s guidance can significantly impact the car’s longevity and resale value.
Another smart approach is keeping a thorough record of all maintenance and repairs. Tracking dates, mileage, and service details demonstrates to prospective buyers that the vehicle has been well-maintained, boosting its appeal during resale.
When buying a car, it’s also wise to consider its future trade-in or resale potential. Consulting with automotive industry professionals can offer valuable insights into market trends, helping you make informed decisions when it’s time to sell or upgrade.
For additional tips on preserving your car’s value and maximizing returns, explore the infographic below.
Content created by Capital Auto Auction, reputable car auction company