Your shopping cart is empty!
Benefits of Looking After Your Car The residual value of the car is the value of the remaining parts, when some have been taken away. In other words, it is the value after depreciation. Whether you have opted for car finance to buy your vehicle or bought it outright, you will want to keep this value as high as possible. This is when you need to look after your vehicle. Not Just About the Condition Unfortunately, the residual value of your car is not just about the condition that it is in. There are many factors that affect the valuation and some of these you have no control over. The age and current market value will affect the cars worth when it comes to selling. This is why it is so important to make sure that the condition is good if you want to gain the most when it comes to selling your car on. Service Your Vehicle Regularly Every year you need to put your car through the MOT by law. One thing that many companies will offer is a MOT and service at the same time, which is worth looking into. The MOT only covers the areas that need to be in a good condition to make the car roadworthy; the service will look into other areas to make sure that it is in the best condition possible. Fix Any Problems Right Away When there is a problem with the vehicle, it works out better in your favour to fix it promptly. Not only will small problems grow into larger ones and cost you more money, it will also cause the residual value of the car to drop considerably. Repair all damage, whether it is mechanical, to the interior or the exterior of the car. When it comes to leasing a vehicle, the company will need to take into account general wear and tear. However, the mileage on the vehicle and its age will also need to be taken into account. If the damage is considered to be higher than the expected wear and tear, you will need to pay for the repairs. While the condition of the car is not the only thing that will affect the residual value, it does play an important part. You will benefit by making sure that your car is in the best condition possible when it comes to selling it on or it comes to the end of your lease. You may think that it costs you a lot at first but it will save you a lot more in the future.