Minimizing depreciation?
01-06-2013, 05:20 PM
#1
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Vehicle: 2010 Genesis 2.0
Minimizing depreciation?
What kind of things can you do to reduce the amount of depreciation a car goes through? Keep it stock? Low miles? No accidents?
01-06-2013, 07:25 PM
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But it, love it, drive the hell out of it, and keep it til it falls apart.
Keeping detailed maintenance records will help. Keeping it clean and taking care of the paint, interior, etc.
You bought the vehicle to drive. Do so, enjoy the experience. Don't avoid driving it just for the extra $500-1,500 you may get back if you trade it in. It isn't worth it.
Keeping detailed maintenance records will help. Keeping it clean and taking care of the paint, interior, etc.
You bought the vehicle to drive. Do so, enjoy the experience. Don't avoid driving it just for the extra $500-1,500 you may get back if you trade it in. It isn't worth it.
01-06-2013, 08:05 PM
#3
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A car (like a house) is not an investment. It is a thing to carry you from point A and back.
If you want to get your money out of a car, buy a rare one and then park it in climate controlled storage. Otherwise all you can do is the things you already listed.
If you want to get your money out of a car, buy a rare one and then park it in climate controlled storage. Otherwise all you can do is the things you already listed.
01-06-2013, 08:06 PM
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Time your trade around what people are after.. if gas prices are high small econo cars will pull more money. Gas prices drop sell stuff that drinks a bit more. They gave a grand total of two shits that I had all my oil records and ran synthetic on the HD. They did care that it was a 5spd with a tan interior because they had a buyer for it.
01-06-2013, 09:25 PM
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01-07-2013, 05:14 PM
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Through my experience, I would say no.
I had a 2003 Mazda 6S that had a number of modifications, was offered $3,000 more than KBB by a dealership. They turned it around and sold it as a customized vehicle.
Also had a 2003 Ford Taurus, just to test the theory, put in Gen III SHO leather seats and did some exhaust work. Paint was in fair condition and needed a transmission. Honestly it was worth just scrap value, but got $4,000 for it at the dealership.
01-08-2013, 06:10 PM
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Complete opposite actually. I always get the worksheet in front of me breaking down all the individual costs and fees first, never go in telling them you are going to trade a car in. They try, oh how they try, Kia dealer tried it when we went in to get my wife a newer Sportage. Just kept moving the taxes, options costs, trade value all around, wouldn't budge, so we bought a Nissan Rogue instead.
