taking care of your car will keep its value up vehicle value the best value whenreselling your car.Useful tips to getCars can depreciate in value as soon asthey leave the dealership. Here are afew useful tips to help minimise furtherdepreciation – starting before you’ve evenupdate and stamp your logbook, providing proof ofhow well you’ve looked after it.Keep it in a garage if possible. If you can’t, beconscious of where you park it. There’s a reason bought your new car. the car space under the fig tree is always empty. Wash and clean it regularly. Astute buyers can tell Choose wisely the difference between a car that has been regularly If you think you might sell your new car within a fewattended to and one that has had a last minute years, keep its resale value in mind from the very makeover. beginning. Model: Do your research on which models hold their Before selling value. While the brand’s reputation for quality and Having the car professionally detailed and steam reliability will obviously impact your resale value, youcleaned before selling can add hundreds or may be surprised by other factors that come into thousands to the selling price. play. For example, models bought in large numbers Try to sell before the car clocks over 100,000km by rental operators can have lower resale value. – or before the end of your new car warranty. If Colour: Colour can play a big part in the sale of you’re selling privately, that warranty can provide your car. Black, white and silver are the safest valuable peace of mind. options if you want a quick sale. Before selling or buying your new car, it’s Black exudes style and has proven to be important to consult a professional about your timeless, while white has the highest visibility on thecar buying options. Speak to the experts at HIA roads and gets the safety vote. Colours like pink, Vehicles today on 1300 650 776 to be confident purple and orange might reflect your personality you’re getting a good deal. and attract attention, but it may take longer to find a buyer with similar tastes. Warranty: Look into the fine print of the car’s Vehicle and asset finance, sourcing and other services are provided warranty. In most cases, the warranty will be based by Macquarie Leasing Pty Ltd ABN 38 002 674 982 (Australian Credit on the vehicle identification number (VIN), not the Licence 394925) (Macquarie Leasing). HIA Vehicles is a registered trading name and business name of Housing Industry Association Limited ACN owner, which means the new owner can access the 004 631 752, and Macquarie Leasing is licensed to use such name and other trademarks. warranty after resale. This signals the manufacturer Any information or advice contained in this article is general in nature, is is confident in the quality of the car. not an expression of opinion or recommendation, and has been prepared without taking into account your objectives, financial situation or needs. Before acting on any information or advice in this article, you should Maintaining value consider the appropriateness of it (and any relevant product) having regard to your circumstances and, if a current offer document is available, Taking care of your car will keep its value up. read the offer document before acquiring products named in this article. You should also seek independent financial, accounting and tax advice Have it serviced by a reputable mechanic who will prior to acquiring a financial product. NOVEMBER 2018 HOUSING 87 BUSINESS • MEMBER BENEFITS