Increasing The Value of Your Car After an Accident
We all know that cars depreciate in value virtually the second you drive out of the showroom; and your vehicle will depreciate even further if it is involved in an accident or collision of any kind. Even a minor incident can have a significant impact on the value of a vehicle, particularly if you make an insurance claim to manage the repairs.
That said, there are some key ways in which you can maximise your car’s value if you are planning to sell or part exchange the vehicle following an accident.
Get the Damage Repaired
Following an incident, you should get any damage repaired as soon as possible using the services of a professional vehicle repair shop. If you’re making a claim for repairs through your insurance company, they will probably use and an adjuster to assess the damage and recommend a preferred garage to carry out the repairs. It is advisable to follow your insurance company’s recommendations as this shows that you are taking care of your car and a commitment to increasing its value.
You should also ensure that any body damage with the right parts. Even though you may think you can save money on the cost of repairs by using discounted parts, these parts are not likely to last as long as the correct parts. This would be false economy as you will result in having to replace the parts more frequently, but also, some could cause major damage to your vehicle too.
Look At Making Upgrades to Your Car
It’s also a good idea to increase the value of your car by ensuring it is well maintained and in good working order after making the necessary repairs. You could also talk to your mechanic about the possibility of installing upgrades to your car.
Though this may involve replacing some existing parts, this is an opportunity for you to make a few upgrades which will maximise the value of your vehicle even if it has been involved in a motoring accident.
Add a New Coat of Paint
Another way to increase the value of your car, is to add new coat of paint to the whole body work, particularly if the vehicle has suffered some paint damage in a car accident.
Even though a complete repaint may be more expensive than fixing a few spots of damage, you can also increase the return on your investment if you add a new coat of paint to your vehicle. Any prospective buyer is immediately going to appreciate the look of a new coat of paint.
If you’re concerned about colour matching, at IPS Paint Supplies we offer a complete colour matching service for all vehicle types. If you’re concerned about re-repainting the car yourself, then you should use the services of an auto-paint shop who will carry out a professional paint job.
IPS Paint Supplies
We hope these tips for maximising the value of your vehicle are helpful. If you need more tips and advice, please call a member of our team on the number below: