comparison of used and new car value

Are you thinking about upgrading your motor vehicle? Are you looking to swap in your used car for cash? If so, now might be a good time to do so. You may have noticed that used car prices have gone up significantly. This means that if you have a car you are looking to trade-in, you may be able to maximize its value. At the same time, you need to take full advantage of this opportunity on making sure your car is worth as much money as possible. Why are used car prices so high right now, and how can you get as much money as possible for your car? Take a look at some helpful tips below, and remember to reach out to experts with any questions or concerns.

Short Supply of Cars Right Now

One of the biggest reasons why used car prices are so high right now is that there is a shortage of vehicles on the market. A significant portion of the vehicle market comes from new cars; however, there are not a lot of new cars available right now because there is a shortage of computer chips. Without these computer chips, a lot of manufacturers do not have the parts they need to finish making their vehicles. Without new cars, there is more demand for used cars, driving up their prices. For this reason, you might be able to get more money for your used car if you decide to trade it in right now.

High Demand for Cars Right Now

In addition, used car prices are very high because there’s more demand for motor vehicles. There are a lot of people who put off purchasing a new car last year because they felt like they did not need one given the coronavirus pandemic. With many people starting to return to work at school, people are realizing they need to have a working vehicle. Furthermore, a lot of people are traveling more than they did last year, which is another reason why they need to get a car. With more people looking for a car right now, the price of cars is going up.

Maximize the Value of Your Car: Repairs and Fixes

Clearly, this is a good time for you to maximize the value of your car, but there are several tasks you should complete to maximize the value of your vehicle. These include:

  1. Fix the Small Details: First, you need to fix the small details. For example, scratches, dents, and bumper damage need to be fixed if you want to get as much money for your car as possible.
  2. Paint Your Vehicle: If you have had your car for a while, it might need a fresh paint job. You can make your car look beautiful with a new coat of paint. You might even want to talk to a professional to see what colors are in high demand right now.
  3. Swap Out the Headlights: You should also swap out the headlights. If your headlights look like they are old, dirty, dingy, you may want to swap them out for new, high-quality, energy-efficient beams.
  4. Upgrade Your Car: You may also want to consider upgrading your car. Think about adding new wheels, adding a spoiler, or changing the entertainment system. All of this can help you increase the value of your vehicle.
  5. Get Your Car Detailed: You certainly need to get your car detailed before you decide to sell it. You might have a lot of food and drink stains in your car, and you may have a lot of sweat that has stained the seat. If you get your car detailed, you can fix this issue.
  6. Fix the Windshield and Windows: Finally, you should also fix the windshield and windows. If you have scratches, cracks, and chips, now is the time to get them fixed by an expert.

These are just a few of the tasks you should complete if you want to maximize the resale value of your car.

Contact Badell’s Collision and Increase Value of Your Auto

If you want to maximize the value of your car before you sell it, we are here to help you. We are Badell’s Collision, and we always place the needs of our clients ahead of our own. As an auto body shop in Aston and Malvern, Pennsylvania, we have the training and experience necessary to help you. Contact us today to learn more about our services!

About The Author

Scroll to Top