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How to reduce depreciation in your vehicle

By Product Expert | Posted in Tips and Tricks on Friday, June 21st, 2019 at 3:11 pm
a bunch of cars lined up in a car lot

What can I do to keep the value of my car high?

You probably already know that vehicles lose value pretty quickly. In fact, it’s estimated that your vehicle will lose about 10 percent of its value the moment you drive it off the dealership lot, and a total of 20 percent on average after the first year. After that, the value will continue to drop 10 percent each year after that. Crazy, right? not all hope is lost though. Find out what you can do to keep the value of your car high.

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2019 Maserat Ghibli going city roadHow to reduce depreciation in your vehicle

Luckily for Maserati owners, luxury cars hold their value better than conventional cars because of the quality of the material and the high demand for them. Still, there are a few different things you can do to help retain the value of your vehicle. Keeping it well-maintained is a good first step. Pay attention to the sounds and dashboard warning lights so you’ll know when something needs to be attended to. Regular oil changes and fluid checkups should be a regular occurrence.

Schedule a service appointmentinterior front and technology of the 2019 Quattroporte

Looks aren’t everything, but when it comes to your vehicle, they’re pretty important. This is especially true for luxury car shoppers. They won’t want a car that has scratches and rust all over, as this is not only unappealing but can be a sign of poor care being taken by the owner. Make sure you wash your car regularly to clean it from the grime and acid buildup that can damage the paint, and try to avoid situations where your car may endure some harsh conditions.

Last but certainly not least, mileage plays a big factor in the value of your vehicle. The more mileage it has, the lower the value. Obviously you didn’t purchase your car just to park it in the garage all the time, but avoid unnecessary trips where you’ll rack up the miles and subject your car to extra wear and tear.

Learn more tips and tricks by contacting the team here at Maserati Lotus Greenville!

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