How To Maintain Your Luxury Car's Retail Value

The cost of ownership on a luxury car is no joke!

From installing custom parts and accessories to keeping up with regular maintenance, and maybe even a custom detail job, there is more to factor in than just the price tag.

When it comes time to sell or trade-in your vehicle, you inevitably want the very best return rate on the sale, given that you’ve put so much into it! Vehicles that are well taken care of always earn more as opposed to vehicles who are neglected.

Remember Regular Maintenance

Contrary to what some people may think, regular maintenance isn’t a quick cash grab. Regular maintenance ensures that your vehicle performs to the best of its abilities. Just as you should visit the doctor once a year for a regular checkup, your car should undergo the same treatment. Even if something doesn’t feel wrong, it doesn’t hurt to check, and you owe it to your bank account to do so! Regular maintenance inspections a trained technician examining your vehicle's parts including your engine, battery, fluid levels and wheels to make sure things are functioning as they should. Plus, if something on your car has been giving you a hard time, now is the time to set thing straight.

Avoid Private Sales

Unlike a certified dealership, like Somerville Automotive, where we deal primarily with luxury vehicles, private buyers may not be familiar with the make, model, and market value of your vehicle. If you decide to place your vehicle for sale through an internet or print ad, you run the risk of attracting the wrong kind of business, and sometimes, can even unknowingly draw attention to yourself and a potential theft.

Purchase a CarProof Report

Rather than scrambling to find all of your service and maintenance records, purchase a CarProof report to show the next owner that you have been honest and truthful about the history of your vehicle. CarProof provides you with a complete history of your vehicle’s past owners, outstanding loans, legal status, repairs or maintenance and even any and all accident claims across the USA and Canada. Presenting this upfront gives potential buyers peace of mind, and saves them time.

Give It An Inside Job

The outside of your vehicle isn’t the only thing new buyers will want to look at. Before you sell your car, make sure the interior is clean and presentable--and that includes removing any weird or unpleasant odours! A quick detailing appointment will take care of even the toughest stains, dust, smells and even pet hair! It’s a good idea to purchase an air freshener, too.

Do Your Homework

When you decide to sell your car, there are three areas you should be familiar with. Selling your car doesn’t mean you’ll earn back what you purchased it for. Wholesale value, retail value, and book value all influence the final price tag and it’s important to understand the difference of each.

Are you thinking about selling your vehicle? At Somerville Auto, luxury vehicles are our specialty. Before you go ahead with the sale, make sure to book a service appointment to take care of any maintenance issues. We also have an impressive line-up of high-quality, pre-owned exotic cars, as well as our pre-owned domestics for sale. Shop our complete inventory now for the best deals in Toronto! Need more information? Give us a call today at 1-(877) 503-5102 or contact us online.

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