The moment a car drives off the lot, its value begins to decrease—and this drop happens rapidly. On average, a vehicle depreciates by roughly 20% within the first year, and after five years, its value may decline by nearly 40%. Thankfully, there are steps you can take to slow down this process.
One of the most effective ways to maintain your car’s value is by keeping up with regular maintenance. Simple actions like oil changes, tire rotations, and routine inspections help ensure the vehicle stays in great condition, both mechanically and cosmetically. Sticking to the manufacturer’s suggested service schedule can not only prolong the car’s life but also make it more appealing to future buyers.
Keeping thorough records of all maintenance and repairs is another smart approach. Logging dates, mileage, and details of the work performed provides proof that the car has been properly cared for, which can boost its value when it’s time to sell or trade it in.
It’s also helpful to think about resale or trade-in value before buying a car. Consulting automotive experts can give you insights into market trends, helping you make better decisions when upgrading your vehicle.
For additional tips on protecting your car’s value and maximizing your investment, take a look at the infographic below.
Content created by Capital Auto Auction, a trusted car auction company
