As soon as a car leaves the dealership, its value starts to drop, often decreasing sharply. Typically, a car loses about 20% of its value in the first year and up to 40% after five years. However, there are measures you can implement to minimize this depreciation.

Regular maintenance is key to preserving your car’s value. Performing routine tasks such as changing the oil, rotating the tires, and conducting regular check-ups can keep the car in excellent operational and aesthetic condition. Adhering to the service schedule recommended by the manufacturer not only extends the lifespan of the car but also enhances its attractiveness to prospective buyers.

Another effective strategy is to keep detailed records of all maintenance and repairs. Documenting the dates, mileage, and specifics of each service provides evidence that the car has been well-maintained, potentially increasing its resale or trade-in value.

Before purchasing a vehicle, consider its potential resale or trade-in value. Seeking advice from car experts can offer valuable insights into market trends, which can guide you in making informed choices when it’s time to upgrade.

For more strategies on how to protect your car’s value and get the most out of your investment, refer to the infographic below.

Content created by Capital Auto Auction, a trusted car auction company