How to Increase a Used Car's Resale Value

If you are interested in increasing the resale value of your used car, there are several by-the-book ways to do it. The Kelley Blue Book has certain variables that affect the final resale value of the car. When you change these, the resale value goes up. Of course, you can also clean and better maintain your car as well.

Difficulty: Moderately Easy

Instructions

1. Add a custom or premium sound system. This is something you can enjoy while you are still driving the car, and even though it costs money, according to the Kelley Blue Book some of it is going right back into your pocket when you sell the car.

2. Install custom parts like alloy wheels, spoilers or truck liners. These custom parts will increase your car's resale value in terms of the Kelley Blue Book value, NADA value and the price your dealer will offer you. Car buyers love custom parts, and they are worth a lot of money on the used parts market, too. Even though you have to dole out your own cash, most of it could be returned to you on the sale of your used car.

3. Add a sunroof or moon roof. Consider the psychological value; plus, the new addition (or subtraction) is going to pay a hefty dividend when you sell the car.

4. Install a stereo with multi-disc or Mp3 capabilities. According to the Kelley Blue Book, this is one option that can increase your car's value. It is relatively inexpensive, but you will get some enjoyment out of it and your trade-in value will grow.

5. Swap out any broken or old parts for refurbished parts that you can buy at a discount. This won't directly affect the resale value, but a private used car buyer will pay more for the car if all the parts are in working order.

Tips & Warnings

• A clean, well-maintained car is going to earn a higher price in a private sale. It will also fare better at a trade-in with a used car dealer. The Kelley Blue Book value doesn't assess how clean a car is, but it is always a good idea.
• Don't overspend on parts and additions. Only add what you want to enjoy while you are still driving your car. The big bonus is, you get to have these added features with a return on your investment when you sell.

Resources

• Increase your used car value
• Options that increase used car values
• Visit KBB
• Car sound systems