Drivers have been given three tips which can help to add thousands to the value of their used car, despite taking very minimal effort.
With the launch of the new number plate causing many Brits to consider selling their old model, the used is particularly competitive. However, there are a number of things drivers can do to stand out from the crowd.
Paul Barker, Editor of the motoring publication Auto Express, noted that one simple tip that can add around £200 to the average cost of a used car is by giving it a fresh MOT.
He advised: “Many motorists try and sell their car before an MOT, but if you’re confident it’ll pass, getting it done can reassure buyers and save them a job,
“For a 10-15-year-old car, a valid MoT holds much of its value. Of course, there is a risk – if the car fails and it costs a lot to fix then you could be out of pocket, so this will only really add value if you are fairly certain it will pass.”
Whilst many drivers feel like getting their vehicle inspected can be a hassle, and a fairly expensive endeavour at £54, taking it for an MOT can help to boost a used car’s value in a matter of minutes.
A fresh MOT not only gives potential buyers less to worry about after buying the vehicle, but also helps to prove that it has been properly looked after during the current owner’s time behind the wheel.
This is particularly the case if a driver is planning to sell an older vehicle, which is more likely to be at risk from hefty repair bills that are more expensive than the model’s value.
Similarly, Paul suggested that drivers make sure that they can find both sets of keys supplied with the vehicle, which can help buyers avoid the eye-watering cost of a replacement – particularly if the model is equipped with keyless entry.
He added: “Buyers will expect a used car to be supplied with at least two working keys and a replacement can cost up to £1,100.
“If you can’t find it, the buyer will simply subtract the cost from the value of your car, so it is worth turning your house upside down for.”
Finally, used car sellers were urged by Paul to make sure the model’s service history is complete, offering proof to potential buyers that the vehicle has been properly looked after.
He explained: “All buyers love seeing FSH in an advert, but they’ll want proof—stamps, receipts, or both.
“For brands like Kia and MG, a missing service history can void the warranty, meaning buyers need to buy extended cover, which can cost £1,200. Some cars even store history digitally in the key, so it’s worth digging through emails to find records.”