6. Choosing the Wrong Color
You should buy the car you love, but you should also keep in mind that the color you choose will play a large role in determining the vehicle’s trade-in value. The color of a vehicle can help boost or bust its selling price, according to a study by iSeeCars.com, which analyzed car sales that took place between September 2016 and August 2017.
The study of over 2.1 million used car sales found that vehicles in certain colors retain their value better than others. ISeeCars found that the average car depreciates by 33.1% in the first three years of ownership, but yellow cars only depreciate by about 27%. Gold cars depreciate the most — by 37.1%. Other colors that take a hard hit in used-car value are purple, beige, silver and black.
7. Letting Your Car Get Dirty
When you let your vehicle go long periods between washes, you not only doom yourself to driving around in a dingy car, but your neglect can dramatically reduce your car’s value. Built-up dirt can diminish paint, encourage rust and allow pollutants to become embedded, which can enhance scratches and dings.
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