Tracking Your Vehicle’s Depreciation

Posted: Tuesday, March 8th, 2016

Buying a car is a big investment; one that is, unfortunately, guaranteed to lose money. But, knowing how to track the depreciation value of your car and how to limit the impact on resale value will help you save money when it comes time to trade it in or sell it. Learn how to control your car’s depreciation, then, when you’re ready to buy, fill out our online finance form to get your new application started.

 

Factors That Will Depreciate Your Vehicle

There are a few factors to consider to help you control the depreciation value of your car:

  • Time: Your car will depreciate over time, as much as 60 percent in the first five years of ownership.
  • Customization: That bright purple pant job may seem like a good idea now, but it may make the vehicle hard to sell down the road.
  • Damage: Keeping a car pristine might not be possible, but taking care of minor issues like scratches, dings, and interior damage can help it hold more of its value.
  • Safety: Cars with better options and better records for passenger safety will have a higher resale value.
  • Mileage: Vehicles with lower miles sell for more because they are perceived as having more life left in them than higher mileage vehicles.

Once you’ve made the commitment to upgrade to a new car and sold your old vehicle, visit Green Light Auto Credit and speak to one of our credit counselors about getting the financing you need.
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Let Green Light Auto Credit Help You Get a Great Deal On Your Next Car

At Green Light Auto Credit we are dedicated to your success. We work with qualified lenders nationwide to help our clients find the financing they need regardless of past credit history. Use our convenient online credit application to see where you stand, before you begin, and then let our credit counselors help you find the product that is just right for you so that you can get behind the wheel of a car you love today.

Track Your Vehicle’s Depreciation and Get Competitive Financing at Green Light Auto Credit

Track your vehicle depreciation and find the new or used car financing you need. Contact us today at (800) 200-5551 to get started at a location near you.