The value of a car starts to drop the moment it leaves the dealership—and this decline happens quickly. On average, a vehicle loses about 20% of its value within the first year, and after five years, depreciation can near 40%. Fortunately, there are ways to slow this process down.
Sticking to regular maintenance is one of the best strategies for preserving your car’s value. Simple tasks like changing the oil, rotating the tires, and scheduling routine inspections keep the vehicle in excellent shape, both inside and out. Following the manufacturer’s recommended service schedule can extend the car’s lifespan and make it more attractive to potential buyers.
Another useful tip is to keep detailed records of all maintenance and repairs. Documenting dates, mileage, and services performed shows that the car has been well cared for, which can increase its appeal when it’s time to sell or trade it in.
It’s also wise to consider a vehicle’s resale or trade-in value before making a purchase. Consulting automotive experts can offer helpful insights into market trends, allowing you to make smarter choices when upgrading.
For more ways to protect your car’s value and get the most out of your investment, check out the infographic below.
Content created by Capital Auto Auction, a trusted car auction company
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