How to make sure your Volvo keeps its resale value

Resale value is a very important consideration for many consumers. Nobody wants to have a vehicle that depreciates, and the last thing we want is to lose $30,000 or $40,000, or 50% of the value of our vehicle in a few years. Therefore, it should be important for everyone to maximize the resale value of their vehicle. But how can you do that exactly?

Well, there are a lot of things you can do, actually, to ensure that your vehicle preserves its resale value and even improve the resale value of your Volvo vehicle. Here are three in particular that stand out.

Ensure the proper maintenance of your vehicle

A well-maintained vehicle that has a long track record of service and repairs will be a lot easier to sell and will have a higher resale value. Doesn't matter if you are selling the vehicle yourself or trading it in, if your vehicle has been well maintained over the years, you will get all of the money you put into maintenance back and more. You have to see the maintenance of your Volvo vehicle as an investment, and having your vehicle serviced in a dealership like Volvo Cars Lakeridge who uses the right tools and equipment is also a plus.

Protect your Volvo vehicle's interior and exterior

Protecting the paint and sensitive areas of the exterior of your vehicle is an investment as well. By adding a protective film to your vehicle’s paint, making sure that it is protected from UV rays and other damaging elements, and making sure that you quickly repair any dings and scratches or that you react at the first sign of rust will all have a beneficial impact on the resale value of your vehicle.

Warranty protections

If you have the option of adding an extended warranty on your vehicle even when new, and that this warranty is transferable, we would strongly recommend that you add the warranty. By adding it at the beginning, you will be able to amortize the cost in your monthly payment and if you decide to keep the vehicle longer after the end of the warranty period, you will have the benefits and protection of the extended warranty to protect you. But lastly, if the warranty is transferable, the fact that the vehicle is still protected by an extended warranty while other similar vehicles are no longer protected will definitely give you a higher resale value.

If you are about to sell your vehicle, we would also recommend that you make sure that it is always clean, that you repair small dents and scratches, repair the windshield, if it is cracked, and in general just make sure that your vehicle looks its best. Give us a call today to learn more.