Everyone knows that luxury cars are expensive, so it’s always in the owner’s best interest to preserve its resale value to ensure it remains a lucrative asset. Below, we explain some important ways owners can maintain the value of their luxury car, from keeping it clean to being mindful of where they park it.
Follow the maintenance schedule
This tip is obvious for those who have owned vehicles before. Regular maintenance and servicing are critical to a car’s appearance and working components. The service schedule provided in the owner’s manual lays out the ideal time for maintenance, such as oil changes, tire rotations, filter swaps, close inspections, and more.
Without these regular services, your car’s quality will degrade, and the lack of care will show inside and out. If necessary, set reminders on your phone’s calendar to tell you it’s time for an oil change or a tire rotation.
Keep exterior and interior clean
Keeping the car clean inside and out is always a necessity if you want to retain a vehicle’s resale value. While you can opt for a quick and cheap drive-through carwash, investing in quality cleaning and detailing for your car is best. Don’t leave trash in your car, and always remove stains in the upholstery and interior as fast as possible to avoid the mess becoming permanent.
Invest in exterior protection
Keeping the exterior of your luxury car clean is important to ensure the paint job maintains its luster and shine and wards off corrosion and rust. When cleaning your car’s exterior, you should consider investing in exterior protection, such as wax, ceramic coating, or paint protection film. There are many benefits to a ceramic coating for your vehicle, but more than anything, it’ll protect your car from environmental damage and minor scratches. Next time you get your luxury car detailed, ask about their ceramic coating options.
Park and store wisely
Another way to maintain the value of your luxury car is to be mindful of where you park and store it. Obviously, a luxury car is more expensive than a typical car, so it’s a bigger target for thieves. Owners must be mindful of where and when they park their vehicles—avoid dimly lit streets and alleyways. Also, avoid parking in the sun to prevent UV damage to the paint and underneath trees to avoid bird droppings.
If you’re storing the car for a significant period, such as through the winter months, ensure your vehicle has a comfortable and secure storage place. Climate-controlled storage is always best for cars, as excessively hot or cold temperatures can damage the exterior or interior of the vehicle.
You may have your heart set on keeping your car forever, but it’s always wise to ensure its resale value remains steady as an asset. Remember these tips, and we’re sure you’ll have a luxury car that still has a strong resale value in 5 or even 10 years.
Christina Duron is a writer with a passion for luxury experiences. As a Taurus, she believes that a little luxury and comfort are essential to the everyday. She enjoys writing about real estate and vacations. She believes that treating oneself can be a great way to add joy and beauty to their life.
