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How to slow vehicle depreciation: Toyota of Orlando tips

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Learn how to slow vehicle depreciation and get more bang for your buck when it's time to trade in... Toyota of Orlando has tips!

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How to slow vehicle depreciation: Toyota of Orlando tips

  1. 1. Do you really need to worry about vehicle depreciation? When it comes to vehicle depreciation, do you REALLY need to be worried? Take it from us - you do. Being concerned about vehicle depreciation should be a part of your vehicle ownership. However, you don’t have to worry about it too hard; there are actually steps you can take to combat it and slow it down, and Toyota of Orlando is here to help you figure them out. What is vehicle depreciation? Before we start, let’s talk about what vehicle depreciation actually is. Basically, your car loses value over time. No matter how much you pay for it, it’s not going to retain its value 100%. In fact, most cars lose between 15-35% of their value in the first year of ownership. Additionally, most cars lose up to 50% of their value in the first 3 years of ownership! This means you get less bang for your buck when it’s time to trade in. Orlando Toyota tips for retaining your car’s value
  2. 2. So how can you slow vehicle depreciation? Here are 5 easy tips from our Toyota of Orlando sales specialists. 1) Choose the right make and model. Some makes and models hold their value better than others - for example, our new Toyotas are renowned across the automotive industry for their ability to naturally retain their value (meaning you get more bang for your buck). Choose a make and model that will do the legwork for you and hold their value well. 2) Consider the market. What features do you think will appeal to a future buyer? Typically, fuel efficiency is a big pull for a lot of drivers. Additionally, smaller and more economical cars tend to sell better than their larger, more expensive counterparts. Even paint color can affect vehicle depreciation - shoot for neutral colors like black, tan, white, and red. 3) Buy for the climate you live in. The climate and area of the country that you live in can affect your vehicle depreciation and value. For example, all-wheel drive isn’t exactly a must-have in Florida, where it’s flat and snow-free. However, if you live in a mountainous and/or snowy climate, all-wheel drive might be more desirable to future buyers.
  3. 3. 4) Watch your mileage. You bought it to drive it, but you also want to keep an eye on the mileage. The higher your car’s mileage, the less value it has. Don’t make unnecessary drives and keep an eye on the odometer when it comes to your daily commute. 5) Keep to a routine car maintenance schedule. We know it can seem like a pain, but it’s essential to keep your car on a routine car maintenance schedule. A car that is well-maintained has a lot more value than one that has spotty service history. Keep your car on a routine Orlando auto service schedule. Want more tips on how to combat vehicle depreciation? Call Toyota of Orlando today - we’re open seven days a week for your convenience at (407) 298-4500.

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