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Posts tagged ‘depreciation’

31
Jan

Can You Modify A Car Without Destroying Resale Value?

Car modification is big business. Thanks to billion dollar spectator motor sports such as Formula 1, Indy Car Racing, Touring Cars and the World Rally Championship, as well as films such as Fast and Furious, everyone wants a car with at least a little hint of attitude…like maybe some cool lights, a body kit, an upgraded exhaust system, etc.

Accessories hurt resale value.

This heavily modified classic is probably a great dragster, but it would be worth a lot more money if it was all original. A LOT more...

The problem is, many after-market accessories and vehicle modifications can hurt resale value. Adding a big wing and a lowering kit, for example, will only cause your car to lose value. It’s ironic that adding thousands of dollars worth of after-market extras can hurt resale value, but it’s true.

So, what can you do to ensure your car loses less value if/when you add an after-market accessory or modification? Read moreRead more