Buying a Car with Resale in Mind
March 24th, 2016 — Martinson Agency LLC — Chaska, MN
While looking to purchase a new vehicle, resale is something that you need to consider. What factors will help you sell your vehicle? Consider these things as you are shopping for a new or used car.
Purchase a popular model:
Buy a vehicle that is well known and popular among the masses. This will give you a wide range of people to resell the car to when that time arrives. Buying a very unique vehicle seems like a cool idea at the time, but will drastically limit the people who consider purchasing it down the road.
Choose a standard color:
According to Kelly Blue Book, black, white and silver are the most popular colors for car buyers. By purchasing a vehicle with one of these plain colors you will once again broaden your range of potential buyers. Let us say it this way: You do not need that “sick” blue Range Rover.
Avoid manual transmission vehicles:
You’ve probably noticed, but times are changing quickly. Manufacturers are not building as many stick shift vehicles anymore. Why? Because fewer and fewer people are driving them. DUH! Look for a vehicle with an automatic transmission…trust us.
Cost of repair:
Purchase a vehicle that doesn’t break the bank to repair. Foreign vehicles like BMW and Mercedes can be very costly for even the smallest repair. Vehicles like Ford and Honda are known to be less costly when something goes wrong and this will benefit you in the long run.
Try to save some warranty:
In most cases warranties will transfer over to the new buyer. If your vehicle still has a warranty, selling it before it runs out may be a good idea. Buyers will find that to be appealing and may even pay more for the car.
Keep these five factors in mind while purchasing a vehicle, as they may prove to be crucial in order to max out your resale value. Please contact Martinson Agency in Chaska, MN today with any questions that you may have!
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