The value of a car starts to drop the moment it leaves the dealership, often at a surprising pace. In fact, most vehicles shed around 20% of their value in just the first year, with losses potentially reaching up to 40% over a five-year period. Still, there are smart strategies you can use to slow this depreciation.
Consistent upkeep plays a major role in preserving a car’s worth. Basic tasks like regular oil changes, tire rotations, and scheduled inspections help keep everything running smoothly and looking good. By sticking to the manufacturer’s recommended maintenance timeline, you not only extend the car’s lifespan but also make it more attractive to future buyers.
It’s also wise to keep detailed service records. Logging the specifics of every repair and maintenance visit—including dates and mileage—demonstrates that the car has been properly cared for. This kind of documentation can be a strong selling point when it’s time to trade in or sell.
If you’re in the market for a new car, it’s worth taking the vehicle’s projected trade-in or resale value into account. Looking into market trends and resale data can help you make a more financially sound choice when planning your next move.
Want more ideas for protecting your car’s long-term value? Check out the infographic below for quick, helpful insights.
Content created by Capital Auto Auction, a trusted car auction company
