Sure, that new car smell is incredible. But that doesn’t mean you have to drive a boring, cookie-cutter car. By modifying it, you can make your vehicle unique—and significantly more awesome. Of course, modified cars come with a hefty price tag. So the question is: are they worth the money? Let’s look at a few details highlighted by the experts at Mike Patton Auto Group.
Cars are a Depreciating Asset:
It is probably the most crucial factor to consider when deciding whether or not to modify your car. A new car loses 20% of its value as soon as you drive it off the lot and continues to depreciate at 15-25% per year for the first five years. So, if you’re preparing to sell your automobile anytime soon, chances are you won’t recoup the cost of your modifications.
Conversely, if you plan on keeping your car for a while, then mods can actually increase its value. Just ensure to do your research and make intelligent choices; you don’t want to spend $2000 on a stereo system only to find out that it decreases the resale value of your darling four-wheel ride!
Modified is the New Cool:
These days, modified cars are all the rage. Young people especially are modifying their cars to make them stand out from the rest. And there’s nothing wrong with that! If you fancy working on your car and making it your own, go for it!
But before you start spending money on car modifications, you should keep a few things in mind. First, not all mods will increase the value of your car. Second, even if a mod does increase the value of your vehicle, it might not be by as much as you think.
So what are some mods that can actually increase the resale value of your car? Let’s take a look:
Aerial/Roof Rack:
An aerial or roof rack is a great way to increase the value of your car if you often go camping or mountain biking. It shows that your car is versatile and can be used for more than just driving around town. Stock your rack with some gear, and you’ll be sure to impress potential buyers.
Tinted Windows:
Tinted windows offer both style and function. They can make your car look more sleek and mysterious while also providing privacy from prying eyes. A buyer, especially one with a family, will be sure to appreciate this feature. However, check for your state’s laws on window tinting before you make any changes.
Upgraded Sound System:
Music has a way of making any situation better, so an upgraded sound system is a great way to increase the value of your car. Whether you’re driving to work or taking a road trip, having high-quality sound will improve the experience. Plus, your next buyer will be able to enjoy their favorite tunes the way they were meant to be heard.
Ending Note:
So, should you spend a little money to improve your car’s look and value? The answer is definitely yes – but only if it makes sense for your specific vehicle. Our experts at Mike Patton Auto Group, serving Greenville, GA, can help you decide which accessories will work best for your make and model.
Give us a call today! We can’t wait to hear from you.
Connect with us
