Having An Extended Warranty Can Boost Your Car’s Trade-In Value
Trade-in value of a car has to do with whether or not the car is sought-after in the used car market. If you have a car that is in great condition, has an accident-free history, and has not had multiple owners, it is going to have good value. One of the most important factors in value is whether or not the car was taken care of properly and regularly serviced. If the owner had an extended auto warranty it was most likely serviced often and properly due to the fact that the owner did not pay the too many repair pills.
In order to figure out the value of a car that is being traded-in, appraisers will factor in things such as whether or not regular maintenance was performed on the car, as well as any major repairs that have been performed. Car’s that had been under warranty are the ones with the least mechanical issues because owners did not worry about getting repairs done in a timely fashion. This is because the warranty covered the costs of the repairs. These are the kind of cars dealers want to sell on their lots because they are the most reliable, and consumers look for reliability when purchasing a used car.
To ensure that you car has a high trade-in value, be sure that you regularly maintenance your car, as well as make necessary repairs in a timely fashion. To avoid paying massive amounts of money for such services and repairs, be sure to invest in an extended auto warranty.