Maximize the car's value when sold

Car ownership entails many expenses. But the single biggest cost is the depreciation. Because regardless of whether the car is rolling or standing still, it decreases in value. Although there are things you can do to minimize the loss of value, says Karl Wahlin, analyst at Bilpriser.

In addition to fuel, insurance, tax and service, there is also the financing itself, with loan interest or no return on savings capital. And then there is this thing about depreciation. That's why a smart car deal starts right at the purchase.

Buying a car

Each car model has a unique price trend and generally fuel-efficient and practical cars hold their value best: think small cars and family cars . It is also wise to choose a common car model: established car brands with a good service network generally have higher demand and are therefore easier to sell.
"Cars depreciate the most in value at the beginning, and a car that is only a few years old has already undergone a significant decrease in value. That's why a used car is a smart choice," says Karl Wahlin.

Own a car

While the car is in your possession, there is much to do to preserve its value, such as following the manufacturer's recommendations for service.
"You don't necessarily have to have your car serviced at a branded workshop, but make sure that all service visits are documented and that the service book is stamped," he says.

Keeping your car clean both inside and out is also important. It may feel thankless to wash your car in the winter, but the paintwork does best when cleaned regularly. In the winter, you also absorb a lot of moisture. In that case, it might be wise to get a dehumidifier that reduces problems with fogging up the windows and counteracts bad odors. Stone chips are difficult to avoid, but touch-up paint improves the overall impression and reduces the risk of rust taking hold.

Fix problems like broken lights or worn windshield wipers right away. A well-functioning car is not only more enjoyable to drive, but also reduces the risk of major breakdowns or accidents.

Sell car

Many people wonder how long they should keep their car and when is the best time to sell. According to Karl Wahlin, the car's value is most affected when warranties and vehicle damage insurance expire.
"There are also seasonal variations in the used car market. Generally, the price level for used cars is highest during the spring and summer, and lowest around the turn of the year," he says.

Karl Wahlin's tips for selling

Describe the car carefully in the ad text.
Highlight advantages, perhaps the car is fuel efficient and has new tires? List the car's equipment such as four-wheel drive, towbar and sunroof. Wash and clean the car and take photos in good light.

Be transparent about the car's flaws and faults
This gives speculators confidence in you, and provides better conditions for a deal where both seller and buyer are satisfied. The fact that the car is newly serviced and newly inspected when sold is a significant advantage for the buyer and usually pays off.

Ultimately, it's all about putting the right price tag on the vehicle. And now you know what you can do to maximize the value of your car.