How to slow down your vehicle’s depreciation
It’s an unfortunate fact that vehicles will depreciate over time. Unlike homes, which will increase in value over the years, cars will lose value as time goes on – especially if they’re poorly maintained. Find out how you can slow down your vehicle’s depreciation here on our blog!
The average car loses about 20 percent of its value after just one year and another 10 percent each year after, so its important to make sure you’re taking the proper precautions to keep it functioning properly. The best thing you can do is schedule regular service appointments to diagnose issues before they come up. By regularly getting oil changes, cleaning the filters, and realigning the wheels, your vehicle will stay in tip-top shape and thus have a greater value. These maintenance precautions extend to the exterior as well, as looks are important. Even if your vehicle operates perfectly fine and the interior looks good, some drivers may be wary of excess rust, chips, or scratches to the paint. You’ll want to avoid these while also keeping the mileage as low as possible.
Luckily for Porsche drivers, used luxury vehicles retain their value pretty well since they’re always in high demand. You should already be taking special care of your Porsche the minute you buy it, whether you intend to sell it or not. After all, why spend the money on a new Porsche and treat it like an old Honda? Learn more tips and tricks here on our blog!
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