With just a little work and attention to detail, you can add hundreds of pounds to your car’s value when you sell it. Here you can find tried and tested tips for making your car as attractive as possible to buyers.
Maximising your car’s value
With newer or more expensive cars, repairing bodywork damage can really add value when you’re selling on.
With an older car, however, you might not recover the costs involved.
Whether you’re selling privately, part-exchanging at a dealer or auctioning your car, your aim is to maximise its value.
To achieve this, you must make your car as attractive as possible to buyers while minimising any flaws they can use to drive the price down.
With just a little effort, you can give your car the extra buyer-appeal, attracting the best possible price.
Deep clean your car
- An air freshener might make the interior of your car smell more appealing.
- If you don’t have the time to clean it yourself, invest in a full car valet service.
- Clean your car thoroughly inside and out – a clean car makes the buyer believe the car has been looked after and cherished. If you spend three hours cleaning your car and this adds £100 to its value, you’ll have earned yourself £33 an hour for the work.
Check the essentials
- Make sure the tyres are correctly inflated.
- Check the oil, coolant and brake fluid levels.
- Check the basic electrics. For instance, are all the lamps working?
- Make sure there is a spare tyre and it has the minimum legal tread depth of 1.6mm across its width. This can easily be done with a 20p coin – see the diagram on the Tyre Safe website.
Minor repairs make a big difference
- A cheap new set of car mats can help smarten up an older car.
- It might also be worthwhile repairing any damage to alloy wheels.
- Consider touching up chips and scratches – either professionally or yourself if you’ve got the know-how.
- Small windscreen chips can usually be repaired under your car insurance at no cost, and with no effect on your no-claims discount.
Adding extra value
- A full service history shows a buyer your car has been well maintained, so it’s well worth digging out all those old receipts.
- If your car is coming up for its MOT, consider getting a new one now. A new 12-month MOT certificate is attractive to buyers.
Your next step
This article is provided by the Money Advice Service.