So just what is “vehicle depreciation?” Buying a car or truck is a big investment -and depreciation is a part of the deal that buyers need to take into account. It affects future resale value. Here are the basics on vehicle depreciation and what you can do to ensure that your new car holds as much value as it can for as long as possible. Any more questions? The sales experts at Peruzzi Mitsubishi will fill you in.
Basically, vehicle depreciation means that it loses some of its value over the years. It’s a bit like an old house versus “new construction.” Some depreciation is inevitable, but there are many things you can do to help your car or truck hold onto its value – and those actions will really pay off when its time to trade it in or sell it.
The first rule of “depreciation” is to buy a vehicle that is generally popular among the car-buying public. Before you purchase, look into which models are most in demand. For example, Peruzzi Mitsubishi’s Outlander, Mirage and Eclipse are three that continually catch the eye.
These days, having the latest safety and feature technology features – such as forward collision mitigation, Bluetooth and iTunes connectivity also make a resale more attractive – so think about them when you make your purchase. It will pay off down the road (no pun intended).
Once you purchase a vehicle, keeping the records of regular maintenance will also significantly increase its future resale value. Ensuring that you perform things like oil changes, swapping out tires and the battery when necessary, and generally doing what’s needed to keep your vehicle in peak condition is a smart investment for the future. These are among the most critical actions you can take to reduce the depreciation factor and push it in your favor.
One more thing an owner can do to maintain their vehicle’s value is to keep the mileage low. Naturally, this may not always be possible, but to the degree that you can, fewer miles on the odometer pays off in future resale value.
Now that you understand what vehicle depreciation is, you’re better set to make a great deal on your next car or truck. And the experts at Peruzzi Mitsubishi are ready to be your partners in putting it together!
Connect with us
