A car accident is unexpected, and it’s essential to retain the value of your car whether you plan to keep it or not. It’s natural for your car to depreciate as time passes, but an accident can significantly reduce the worth of your vehicle. However, there are a few tips to follow to increase the value of your car after an accident.
Fix the Needed Repairs
Certain repairs may not only be cosmetic but necessary. Therefore, it would be best if you always got the advice of a professional collision repair shop that is reputable to fix in-demand repairs. Likely, an adjuster will also look at your car, so it’s important to get the repairs done right away. Start in order of the most-needed repairs and work your way backward. Finally, determine the amount of work that you need to do to retain the most value possible.
Get a Paint Job
The outside appearance of a car is one of the first things that people notice. Your car has likely suffered some paint damage after an accident, and fresh paint can do wonders to increase its value. A new paint job is one of the first things that a prospective buyer will notice. You can investigate different types of paint jobs depending on your budget.
Use the Correct Parts
You might be tempted to use discounted or irregular parts to repair the damage to your car. However, compromised parts could cost you more money in the long run if you have to deal with major repairs. Always opt for original equipment manufacturer (OEM) parts since the same manufacturer will make them. A mechanic with knowledge of the make and model of your car can help you fix the damage with the correct parts.
Work on cleaning your vehicle once you have assessed the damage. First impressions matter a lot, and you should expect the same with your car. A clean and polished car will demand more money than a dirty one. You can double or triple the value of your vehicle with a minimal investment to clean and detail it. A professional detail will add lots of value, even if there is some visible damage to your car.
Make Upgrades to Your Car
After a collision, it may be an excellent time to upgrade the parts of your car that were damaged. Whether you purchase new tires or add interior lighting, upgrades are a foolproof way to increase the value of your car after a crash. Even minor upgrades can translate into a significant value increase.
Keep all Your Paperwork
Make sure to hold on to all documents, especially after an accident. A full-service record of services and repairs that have been performed provides confidence to a new owner that you are not hiding anything. Full transparency is one of the greatest methods to increase the value of your car after a collision.
Consider a Diminished Value Claim
If your auto insurance allows, consider making a diminished value claim. The insurance company may reimburse you for the difference in the value of your car after an accident.
A car collision is stressful, and deciding what to do with your car after an accident is challenging. Learning some easy hacks to increase the value of your car will help in the event of the unexpected.