As a supercar enthusiast, you will already be aware that new cars can depreciate rapidly. Over time, cars reduce significantly in value due to wear and tear, making them worth a lot less than what you originally paid. However, this doesn’t always have to be the case and there are some actions you can take to prevent depreciation. In this blog we have provided some tips on how to maintain the value of your supercar.
- Keep it clean
Keeping your supercar clean is the most basic and least expensive way to maintain its value. You should have your vehicle professionally cleaned as often as possible as leaving dirt on your car for even a short period of time can cause scratches and damage to the paint! Rust can make a vehicle drop in value incredible quickly so it might be ideal to speak to the manufacturer about recommendations for rust-proof coatings.
- Always follow the manufacturer’s oil recommendation
Nowadays most cars have unique oil requirements. If you do not follow the recommendations set by the car manufacturer you could cause the engine to fail! Make sure your supercar gets new oil regularly, monitor its oil levels between changes and don’t forget to top up the oil every time it goes below the recommended level.
- Maintain the interiors
To slow down your vehicle’s depreciation, it will certainly help if you keep the interior modern and well maintained. Interior lighting can also be used to highlight the finer features when you want to increase its resale value.
- Keep the documents in a safe place
Make sure that you keep hold of MOT certificates, service receipts and other maintenance related documents. These will be useful when it is time to sell your supercar and the buyer wants to see proof of service and maintenance over the years.
Owning a supercar is a fun experience. Retaining the value of your car doesn’t have to complicated but if you don’t give it proper care and maintenance, its value will take a dip, and you could end up selling it for far less than it is worth.
Finally, you need to make sure that your supercar has the correct insurance. You want to be confident that if the worst does happen you have an insurer who understands and provides the right level of cover for hassle free settlement of the claim. Getting insurance for your supercar couldn’t be easier if you speak with an experienced broker like Hayes Parsons Insurance Brokers. We can obtain quotations from those expert markets and provide you with advice and support along the way.