6 Ways To Reduce The Depreciation of Your Car

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6 WAYS TO REDUCE THE DEPRECIATION OF YOUR CAR
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INTRODUCTION
Car depreciation is the difference between the
amount you spent on purchasing your car and the
money it is worth now. Car depreciation is almost
unavoidable. It is one of the things that most
car owners dread. The good news is, car
depreciation can be reduced significantly by
implementing a few techniques. Let's take a look
at some of these here...
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CHOOSE YOUR CAR WISELY
Car depreciation should be one of the factors you
consider when buying a car.   Certain popular
makes are perceived as providing quality. These
makes are considered extremely reliable and can
travel longer distances without losing their
value.   As soon as you buy a new car it begins
to depreciate in value. After a while its value
will settle and even, eventually, rise again, so
its worth considering this depreciation curve
when buying a new or used car.
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TAKE CARE OF YOUR CAR
To obtain the maximum resale value from a car, it
is important to keep your car properly
maintained. A well-maintained car will fetch more
value than a car that has been neglected in the
aspects of regular servicing, washing etc.   A
well-maintained car will fetch more value than a
car that has been neglected. Keeping your car
clean is an easy way to increase its resale
value, and ensure your car is serviced regularly.
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Avoid Major Modifications
Major modifications, such as loud exhaust systems
or large wheels, significantly affect a cars
value. Any changes or additions that you make to
your car can reduce the number of potential
buyers. It is recommended that you avoid such
modifications.
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Park Your Car Carefully
One of the primary causes of a cars depreciation
is damage to the bodywork. The bodywork of your
car can be affected by where you park it.
Careful parking can help prevent potential
accidents that may damage your bodywork.
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SELL YOUR CAR AT THE RIGHT TIME
The time at which you sell your car can affect
its value. For example, selling a convertible in
the winter can be a bad decision! However, it
might be the right time to sell a 4x4.
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CONCLUSION
Keeping the car in good condition is crucial to
reduce depreciation. It will also help
in concealing the age of the car. Another method
to achieve this is by adding a car-specific
private number plate. These are wonderful
investment options and can help in retrieving a
large sum if you plan on selling them along with
the car.
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