How to Increase a Car's Resale Value

Although a car's value depreciates as soon as it is titled, there are many things you can do to increase its resale value. Here's how to protect your investment without spending a lot of money.

Difficulty: Easy

Instructions

1. Park away from other vehicles to avoid getting your car scratched. Keeping the body in good condition will increase the car's value when it's time to resell it.

2. Keep up with all maintenance to prevent engine or transmission damage. A smooth, quiet, running vehicle is worth more than one with an engine making knocking noises.

3. Detail the engine to increase the resale value. Apply an engine degreaser to cut grease, allow it to soak for about 3 to 5 minutes and spray the engine with a power washer.

4. Spray a rubber or vinyl conditioner, like Armor All, on all rubber and vinyl parts in the engine compartment. Wipe it off with a rag. It keeps hoses from becoming brittle and adds shine. Use it to clean the tires, dashboard, side panels and the steering wheel.

Tips & Warnings

• Take note of the dealer's inventory if you're thinking of trading in your car. For example, if you have a white Toyota and the dealer has several white Toyotas on the lot, you may not receive a good offer.
• Consider trading in your car toward the end of the month. You may receive a better offer since dealers are often trying to meet a quota.

Resources

• Engine degreasers