Three ways you’re ruining your car’s trade-in value


While there are plenty of ways to increase your car’s trade-in value, not many people realize the ways they’re actually ruining theirs. [Courtesy]

By Kayla Keena | Contributing Columnist

Talk to anyone or read any number of publications, and you’ll see many ways to improve your car’s trade-in value. While these are great for getting a higher ROI, what you don’t learn are the ways you’re actually sabotaging your own success.

With that in mind, here are three ways you’re ruining your car’s trade-in value that you don’t expect. These issues may seem obvious to some people, but they can be easy to forget until it’s time to trade a vehicle for others.

Noticeable rust, scratches and dents

Naturally, a car’s exterior is the first thing people notice. If you have significant exterior issues, they’ll lower your trade-in value in more ways than you expect. Take note of scratches, rust spots, and dents. For example, there are three different types of rust that affect exteriors.

Depending on the damage level, you may be able to salvage your exterior and fix the issue. Otherwise, you may need a professional exterior job instead. Light scratches and rust are easy to hide with touch-up paint, too. If you see minor exterior issues, remember that these aren’t deal breakers so long as you make the necessary repairs.

Unpleasant interior odors

Unbeknownst to many car owners, odors play a major role in trade-in value. Face it – you never see a former smoker’s vehicle sell near its MSRP. That’s because no one wants a noticeable smelly automobile. Whether it’s cigarette smoke, pet dander, or something else, anything that causes a bad odor will lower its trade-in value.

Again, there are ways to reduce it, though they’ll require a bit of elbow grease. Shampoo the upholstery to remove deep-rooted odors. Wipe down all surfaces, too. Vacuum the floors and purchase an air freshener if needed. Each of these helps reduce the unpleasant odors in your car.

Neglecting basic maintenance

Sometimes, neglecting basic maintenance is a way you’re ruining your car’s trade-in value. When purchasing used vehicles, buyers want to see a service history report.

A detailed service report shows any potential issues under the hood. Properly maintained vehicles last longer, and buyers seek them out more. Having these service reports shows you care about the car, which will increase buyer interest.

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