Jun 05 2018

5 Factors That Can Affect Your Car’s Resale Value in Jamaica

When buying a new car, it is recommended to take a moment to consider whether you wish to sell the car in the near future. It is important because there are many factors which can affect the resale value of a car. In addition, taking these factors into account can get you the maximum dollar amount for your car when selling the car.

  • Brand

Many people will opt for brands like Toyota and Honda if they are given the chance to choose. It is due to the high quality that these brands are known for. And there are reasons why these brands still enjoy such popularity. Models belonging to these brands are known to be low on maintenance and efficient. It happens even when the car is a few years old. Knowing this, many people choose to favor these brands when purchasing a used car. So, if you wish to sell your car at a good price after a few years, it is good to go for the bigger brands even with the bigger price tags.

  • Color of Paint

It may amaze some people but it is a fact that color affects the resale value of the car. You might be thinking that you were trying to be unique by getting that color, but not everyone likes to do that. It is good to go for a fancy or bold color if you do not intend to sell the car. However, you should stick to the classic colors if you wish to trade the vehicle for another in the future. It is better to stay with white, silver and black colors.

  • The condition of the Vehicle

The condition of a car comes first in our minds when we think of the factors affecting the resale value of the cars. It is not surprising that a car that looks as good as new fetches good resale value than a car of poor condition. Take a look at the exterior of your car for any visible dents, scratches, rust marks, and other sign of damage.  In addition, deep scratches or marks caused due to past accidents can bring down the resale value. Also, remove any weird stickers on the windshield or the windows as these can give your car an unpleasant appearance that prospective buyers may not like. The best thing to do is to get your car serviced regularly.

  • Mileage

Do you have a used car that is in perfect condition and looks like new? Is it enough for it to fetch a good resale value? It may seem like this but it does is not. The mileage of a car is an important factor when considering the resale value. To prevent this happening it is better to it is recommended to cut down the number of long trips on your own car.

  • Drivetrain

The location where you want to sell your car and season may also affect the resale value of your car. For example, people living in cold climates prefer four-wheel drive cars, while people in certain areas prefer SUVs, others prefer convertibles. 




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