March 13, 2008

Improving Your Vehicle's Value

It's time to buy a new car and you are ready to sell your old one or trade it in. To get the most value for your car, here are a few things to consider - some you can do now, others you can consider as you make your next purchase:
1. Consider Resale Value When Buying. Buy a car that will hold its value. Resale value is based on many factors, including desirability and reliability. Some makes, such as Toyota, Honda, Mercedes and Lexus, always hold their value well. Use a good used car-pricing site such Kelley Blue Book, to research the resale history of models in which you are interested. Some options, such as air conditioning or a sunroof, will improve your car's resale value; consider buying them even if they aren't on your personal must-have list.
2. Maintain and Retain. Follow the maintenance schedule recommended by your owner's manual. Keep receipts for all maintenance and repair work, no matter how minor. A stack of receipts underscores the fact that your car has been well taken care of. Savvy used car buyers will be willing to pay extra for a car with a fully documented service history. Also, fix everything in your car as soon as it breaks. If you're going to keep your car as long as possible, you have to want to keep it as long as possible. Don't ignore seemingly unimportant problems like broken trim bits, torn upholstery, or electrical glitches. Little annoyances tend to add up and can begin to erode your love affair with your old car. When making repairs, ask for quality parts. Discuss your options with your mechanic or parts store clerk.
3. Don't Damage the Goods. If your car has been in a collision, any kind of damage can affect your car's resale value. If your car was is in a major collision, it could get reported to Carfax. In any event, if your car is damaged, use an experienced repair shop with a good reputation and insist on using factory (also known as OEM, for Original Equipment Manufacturer) parts. Save all receipts and be up front and honest about any collision repair work when it comes time to sell or trade. Being evasive about collision repair may lead the buyer to believe that the damage was more extensive than you are letting on.
4. Don't customize. Spending money on your car can actually decrease its value. If you do have your car customized, stick to non-intrusive upgrades such as new wheels or an upgraded stereo that won't require extensive re-wiring or cutting up the dashboard. Before all of this, your first priority should be to fix anything that's broken or damaged for example dints in the bodywork or broken stereo equipment.
5. Keep it clean. The better your car appears to be kept up, the more it will be worth, and most people associate cleanliness with care. Washing and waxing your car on a regular basis is a much easier way to keep it looking good than paying for an expensive detail job when the time comes to sell. You can also have your car detailed; something most car dealerships do before reselling used cars, which gives the car a new car look and smell. Detailing is an investment well worth the cost.
Greg Chapman of Greg Chapman Motors is a knowledgeable and leading provider of used cars, trucks, and SUV's. Since 1959, Chapman motors has supplied reliable used cars in Austin and the surrounding area and is known as one of the bad credit car dealers in Austin. For more information please visit http://www.gregchapmanmotors.com.
By G Chapman

How To Sell Your Vehicle

A little bit of elbow work could potentially net you a better offer for your vehicle and attract more buyers. Sean Stewart, President of yourautomarket.com, offers some practical tips on preparing your vehicle to sell. "A good first impression goes along way and when it comes to vehicles the first impression is vital". Before batteries are put into your camera it is a good idea to read the following and implement all or some of these tips.
The Exterior:
A buyer will usually look at the exterior first. They have already made the decision that the style and colour is acceptable, now they want to look further. During this period they will be assessing if there is anything wrong with the paint, the body, major scratches and so on. Take the time to wash the vehicle if weather permitting. The worst thing you can do is hide your well-maintained car under an inch of road dirt. You know you have road dirt when you see finger smears on the trunk and doors, and the always comical "wash me" on the back. How about a nice coat of wax? This would give your vehicle that showroom look and help buff out small scratches. Check the tires for air and shine the rims. "What really attracts my attention is a set of polished rims. It's stylish and tells me that the owner takes good care of the vehicle". "You can buy foam sprays for the rubber and rims at any Automotive Retailer that make them look wet and shiny". If the exterior passes inspection then the buyer will move onto the interior.
The Interior:
"No one wants to open the door and see potato chips ground into the carpet". A few dollars for the vacuum at the car wash is simple and easy. "The suction is usually better than a home vacuum and while cleaning you may just find enough loose change for a Tim Horton's coffee". "I like a wet look to my dashboards so I frequently use a treatment to the vinyl". But be careful not to put too much treatment on the steering wheel, Sean warns, as this can make it quite slippery and dangerous for driving. Is there a story there for some other time? For a quick clean a damp cloth can do wonders for wiping the dust off the dashboard and all components. Remove any fuel receipts, ice scrapers, and other items that take up real estate in the interior. Give your inside a total overhaul of clutter. Clean out all compartments and most of all the glove box. "If you are like me you will use your glove box as a temporary garbage bin" Sean states. "It sounds funny to remind people to empty out compartments and glove boxes but being in the industry I have seen many interesting items inside vehicles for sale". The trunk needs attention too during your cleaning. Ensure the spare is accessible and ready for use.
The Engine:
An engine shampoo would do wonders if you feel it is required but for some this may be un-chartered water. "Shampooing an engine can be intimidating. Most do it your-selfers will spray the engine using a $10 bottle of engine shampoo, let it soak and then hose off. Some say it is good to wipe off the major parts of the engine and either air dry or use an air hose". It is best to follow the instructions that come with the engine shampoo or get it done professionally if you prefer.
Now that the vehicle is photo ready, think about the location. "A nice landscape is ideal but most people don't have access to a beach with a windsurfer in the background. Ideally try to get as much of the vehicle in the photo to minimize background noise". Sean explains background noise as visual objects that take the viewer away from the vehicle. For photos Sean has always liked the front 45-degree shot from a height just above the bumper. "What we try to do is get a low shot on an angle of the front as the first shot. This to me is classy and also stylish". "I really enjoy seeing vehicles posted on our site where the photo taker has put effort into their photos". "I can't stress enough how a clean vehicle with a really good photo can make a difference". If you find that you are not able to get your vehicle ready for sale then seek out local professionals. Most retailers are about $100 for a detailed clean of a family sedan sized vehicle with engine shampoos extra.
So why all this work to sell your used vehicle I ask Sean? "The vast majority of vehicles being sold are posted onto websites like ours. Therefore your vehicle is competing with potentially thousands of other vehicles very similar to it". "A great looking exterior will generate interest and potentially sell it quicker". "Our website also uses video to showcase used vehicles for sale which is quickly becoming the industry standard". So http://www.yourautomarket.com is now using video to advertise used vehicles. I sense another reason to meet with Sean and find out more about video for used vehicles? Hmmm.
Sean D. Stewart is the president of YourAutoMarket.com. YourAutoMarket.com is the only online auto classified that connects used vehicle buyers and sellers with unique "virtual test drive" video.
http://www.yourautomarket.com

By Sean D. Stewart