Did you know that, according to Kelley Blue Book, a new car can lose up to 60% of its value in the first five years? Even if you keep your car sparkling clean and follow all maintenance best practices, your vehicle will still depreciate. However, certain modifications can make your car lose its value even quicker, which could end up costing you money.
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Here are four features that can make your car lose value instantly. By avoiding these, you’ll help maintain your car’s resale value.
Lift Kits
Lift kits can lower the value of your car because the modification appeals to a smaller market. Plus, poorly installed lift kits can cause a wide variety of issues, like damage and strain on the vehicle’s components.
“Cars that have been lifted or lowered can be more demanding on the suspension, potentially leading to premature failure,” said Melanie Musson, auto industry expert at AutoInsurance.org. “These kits can also compromise vehicle safety, further underscoring the undesirability of these modifications.”
Undoing a lift kit can be costly and isn’t always effective, which is why it’s best to avoid this modification if you want to preserve your vehicle’s value.
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Poor Paint Job
While paint can make your vehicle stand out, especially if you have a unique design, like glitter or a bright color, paint can also impact your car’s value.
A poor paint job can lower your car’s value because buyers may see the car as neglected. Paint scratches and chips can be perceived as not being taken care of. Even if your vehicle is well maintained, the visual appeal does have a significant impact on the car’s value.
“The paint color on a car, and the quality of the paint job impact a car’s resale value because they either make it look cheap and unpleasant, or premium and appealing,” said Ruth Calkins, general manager and auto expert at Find by Plate. “A bad paint job and poor choice of paint color, instantly devalue a car.”
Before you try to give your car a paint job on your own, think of the resale value. Working with a professional paint company can give your vehicle the look you want without impacting its value.
Aftermarket Sunroof
Aftermarket sunroofs could also lower your car’s value. Prospective buyers may view this modification as a safety concern because there is damage to the vehicle’s structural integrity. Vehicles are manufactured in a specific way to support a sunroof. Adding an aftermarket sunroof may alter the integrity of the vehicle, leading to a higher risk of mechanical issues due to water damage or clogged drain channels.
“A factory-installed sunroof is a major selling point, but an aftermarket sunroof is the opposite,” Musson said. “Aftermarket sunroofs are notorious for leaking, compromising safety, and causing other issues with electronics and convenience features.”
If having a sunroof is non-negotiable for you, consider selling your car and purchasing a new one. Your wallet might thank you in the long run.
Worn-Out Interior
A worn-out interior can signal neglect and reduce the aesthetic appeal of your vehicle. Dirty, stained or ripped seats not only can be expensive to replace but also can suggest poor maintenance and upkeep. Prospective buyers want a clean interior. The same goes for smells, like smoke.
Calkins noted that a car’s resale value will likely significantly decline if upholstery is torn, is stained or has an odor.
Take the time to keep your interior pristine, such as by using seat covers and investing in regular cleanings. Your car’s value will thank you.
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This article originally appeared on GOBankingRates.com: 4 Features That Make Your Car Lose Value Instantly, According to Car Experts
