COMMON car maintenance problems can devalue your engine by up to £ 4,705.
This is according to research from the car rental comparison site moneyshake.com. And even if you don’t resell it, it’s still a high bill for repairs.
Solve these issues and use the site’s tips to keep your car on the road and retain its value.
AVOID A BUMPER INVOICE: If you have a rust spot larger than 0.5cm on your bumper, it can devalue your car by an average of 15%. This is because rust is not only unsightly, it can also weaken the bumper which will eventually fall off if left unchecked. Rust is difficult to get rid of once it forms, so the tactic here should be prevention rather than cure.
Salt, gravel, and other road residue all cause rust, so clean the bumpers regularly with hot water to stop corrosion.
PUT THE PRESSURE ON: If you have your car appraised with the tire pressure warning light on, you could lose an average of £ 640, or 7% of your car’s value. Tires lose about a pound of pressure per month, often more in cold weather, so watch for the warning light and inflate them regularly to avoid tire failure and a costly bill.
DO NOT HIT THE ROOF: Did you know that a scratch of more than 2.5 cm on a roof panel can devalue the car by € 474 on average? Avoid placing objects on top of the car, from keys to roof racks, to avoid damaging the paint. The Car Pride Scratch Resistant Paint Pen costs £ 1.95 on amazon.co.uk.
THE KEY TO SAVING: Car keys are expensive to replace, so it’s no surprise that missing keys reduce the value of your car by an average of £ 338.
The more sophisticated the key, the more expensive it is to replace, so keep them in a safe place to protect your resale value.
IT IS PAYABLE TO GO IN REPLACEMENT: While there is no legal requirement to have a spare tire, not having one could cost you up to £ 300 if you sell it. You can get a used one on auction sites.
Do you want to hire a car? Then check moneyshake.com first.
- Prices on page correct at time of printing. Offers / offers subject to availability.
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