Debunking Car Resale Value Myths to Save Money
Uncover the truth behind car resale value myths that cost drivers money and learn how to preserve your investment.
10 Myths About Car Resale Value That Cost You Money
Myth 1: Modifications Always Increase Your Car's Value
Myth 2: Low Mileage Is the Only Thing That Matters
Myth 3: Keeping Your Car Completely Stock Is Always Best
Myth 4: Dealership Maintenance Records Are Essential for Good Resale V
Myth 5: A Car with Accident History Is Worthless
Myth 6: Certain Colors Always Sell for Less
Myth 7: Your Car's Resale Value Is Determined When You Sell It
Myth 8: You Should Never Trade In Your Car at a Dealership
Myth 9: The Best Time to Sell Is Just Before Major Maintenance Is Due
Myth 10: Your Car's Resale Value Is Purely Based on Its Make and Model
The Bottom Line
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When you buy a car, you are making an investment. Not an investment that will grow in value—cars almost always depreciate—but an investment in transportation, safety, and freedom. When it comes time to sell or trade in, the difference between a car that commands top dollar and one that sells for scrap can be thousands of dollars. That difference is often determined by decisions you make years before you sell. Unfortunately, many drivers make those decisions based on myths—beliefs about what affects resale value that are simply wrong. Here are ten myths about car resale value that cost you money—and the truth that will put it back in your pocket.