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Coming Up Roses - How Color Affects Resale Value

Does The Color Of Your Car Affect Its Resale Value?

"A rose by any other name would smell as sweet" - William Shakespeare

If you think about it, the color of the rose doesn't make any difference either. But have you ever wondered if the color of a car affects its trade in value?

How People Pick The Color Of Their Car

People pick the color of their car for many reasons. It may be a reflection of their personality or the desire to make a statement about their status, and even wealth.

Colors are often chosen based on comfort, practicality and aesthetics. Some of the most popular car colors are white, black, silver, gray and red.

One of the reasons people may choose white is because it looks clean and sleek. It also has a modern look to it. Plus, white can go with any type of interior.

Black is popular because it is thought to be classic and sophisticated. It also won't show dirt as easily as other colors.

Silver and gray are both neutral colors that go with just about anything. They are good choices for those who want a sleek, modern look.

Red is thought to signify power and strength. It is also seen as a more exciting color than some of the other options.

Trending Colors

Some people choose the color of their car based on what is popular at the time. Others may want to be different and choose an unpopular color. There are also those who believe that certain colors are luckier than others.

iSeeCars recently released an article detailing Which Colors Help and Hurt a Car's Resale Value. They reported:

Highlights:

  • A vehicle’s color can have a substantial impact on how quickly it loses value, with the highest depreciating color losing nearly four times the value compared to the lowest

  • Popular colors, including white, black, and silver, have minimal impact, meaning they won’t hurt resale value but they also won’t help a vehicle maintain its value

  • Some of the most beneficial colors for retaining value, including yellow and orange, may surprise consumers

A car’s color can help or hurt its resale value, according to a recent analysis by iSeeCars.com. After comparing prices of more than 650,000 recently sold three-year-old used cars, iSeeCars determined the average three-year vehicle depreciation rate by car color. 

 “A vehicle’s color is among the primary considerations after shoppers have decided on a make and model,” said iSeeCars Executive Analyst Karl Brauer. “With depreciation being the largest cost of vehicle ownership, consumers should carefully consider their color choice–especially if they plan on selling their vehicle.”

Be sure to read the entire article here

 

Should We All Just Buy Yellow Cars?

While the numbers speak for themselves, there are other factors you should consider before jumping on the Yellow car bandwagon. Do you really want to drive a yellow car ? If the answer is no, then it doesn't matter how well it holds its value.

The same goes for any other color. If you love the color purple and it just so happens to have a good resale value, then go for it!

 

Looking for a new car?

You'll love our selection of quality used cars - they're reliable and affordable. And we're here to help you every step of the way. You won't find a better selection or price anywhere else.

We can even find that Yellow car you've always wanted.

Contact us today to learn more!



Is Your Old Car Keeping You Up At Night

Rust Never Sleeps - Is Your Old Car Keeping You Up At Night?

Have you lost sleep worrying about your old car breaking down or rusting away? Maybe you should think about trading it in for a newer model. When you do, you'll want to take steps to keep your new car from succumbing to the same fate as your old one.

Remember the better the condition of your car, the higher its resale value will have.

Here are some tips to prevent rust:

1. Check for rust regularly and treat it immediately

2. Wax your car regularly

3. Store your car in a cool, dry place

4. Avoid driving through puddles

5. Don't wash your car with harsh chemicals

6. Use rust-resistant paint on your car

7. Keep your car clean and free of dirt and debris

8. Treat minor scratches and dents promptly

 

Garage Kept Cars - Winter Warning

In general keeping your car in a garage year round is the best way to prevent rust, but there is a caveat during the winter months. If you live in an area with heavy snowfall, road salt and other deicing chemicals can splash up onto your car while you're driving. These chemicals will accelerate the formation of rust on any exposed metal on your car. You should also wash your car regularly, to remove any salt and other corrosive materials that may have accumulated on the surface.

Leaving your car parked in the garage as much as possible goes a long way in preventing rust but even that might not be enough. The best way to keep your car from rusting is to take some preventative measures. Here are a few things you can do:

Wax On, Wax Off

Another good way to prevent rust is to keep your car's paint finish in good condition. A fresh coat of wax will act as a barrier between the metal and the elements, helping to prevent moisture and other corrosive materials from coming from your car as soon as possible.

Don't Have A Garage - Cover It Up

You can buy a car cover specifically designed to repel water and keep snow and salt off your car. These covers can be pricey but may be worth the investment if you consider how much it would cost to repair rust damage. Also rust will affect the trade in value of your car when the time comes to sell or upgrade

Another alternative is to use a tarp or old blankets to cover your car when you know bad weather is on the way. This won't be as effective as a car cover but it's better than nothing.

If You Must Park Outside - Protect Your Car

The biggest majority of the time you will be parking your car in the driveway, street or other hard surface. Parking your car on grass, dirt, snow or surfaces that do not drain well can contribute to rust forming on the undercarriage, fender wells and other areas of the car.

If you find yourself in this situation try to park your car in a spot that is not likely to puddle after a rain or snowstorm. As the ground becomes soft from the moisture, mud, gravel and other loose material can pack into areas of your car that are hidden from your view. From time to time do a visual inspection to remove any build up in these areas.

Is It Time To Trade Your Car?

We know that trading in your old car can feel overwhelming. You have to find a dealer, figure out what your car is worth, and then complete the paperwork.

To make the process as easy as possible for you. We will give you a fair market value for your car and work with you to find the best financing option for your new car.

We have a large selection of cars, so you are sure to find one that you love. Our staff is here to help guide you through the entire process, so you can feel confident about your purchase.

Can You Rebuild Your Credit With A Used Car Loan

Used Car Loans - A Credit Tool You May Not Have Known About

Sometimes through no fault of your own, you may have bad credit. The economy, a job loss, medical bills, or other factors could have contributed to your current financial situation. But just because you have bad credit now doesn't mean that it will always be this way.

You can take steps to improve your credit score almost immediately by making all your household bills and payments on time and in full. Another option to help improve your credit score is to get a used car loan. A used car loan can help rebuild your credit in several ways.

First, when you make timely monthly payments on your loan, it will reflect positively on your credit report. This will help to gradually improve your credit score over time.

In addition, the act of getting a loan and making payments on time can show creditors that you are responsible and capable of handling debt. This can make it easier for you to get approved for other types of loans in the future, such as a mortgage.

Of course, not all used car loans are the same. To maximize the positive impact on your credit score, you'll want to get a loan with reasonable terms. This means getting a loan with a manageable monthly payment that you can comfortably make without straining your budget.

You may also want to consider a cosigner for your loan. A cosigner is someone who agrees to be responsible for the loan payments if you default on the loan. Having a cosigner can help you get approved for a loan with more favorable terms, which can in turn have a positive impact on your credit score.

Although a used car loan can be a great way to rebuild your credit, it's important to remember that there is no quick fix when it comes to credit scores. It takes time and effort to improve your credit score, but the rewards can be well worth it in the end.

Used car loans can help rebuild your credit, but there are also some risks to consider. Your interest rate will likely be higher than someone with good credit. This is because you're considered a higher risk borrower.

You may have to put down a larger down payment than someone with good credit. This is because the lender wants to minimize their risk in case you default on the loan.

If you default on the loan, the lender can repossess the car. This will damage your credit even further. You should only take out a used car loan if you're confident you can make the payments on time. Otherwise, you could end up doing more harm than good to your credit score

Are you in the market for a car and am not sure what the next step is? Contact us either by phone or fill out a vehicle inquiry on the car you are interested in, we would be more than happy to help get you anyway we can.

Buying A Truck What Should You Look For

Did You Fall In Love With That Truck?

We know the feeling.

It could be as simple as finding a truck that you like and handing over your hard-earned cash but, as anyone who's ever bought a used car will tell you, it's never quite that simple. Obviously it needs to fit your budget but more importantly it has to meet your needs

What are you going to be using your truck for?

  • Towing and Hauling

  • Off-Road Use

  • Business Use

  • A Daily Driver

The mileage of the truck is going to be a big factor when deciding on which truck to purchase. You may not know the full history of the truck but if you can ask the dealership or prior owner what they used it for. It they used it for anything other than a daily driver then mileage may not be as big of a factor.

If you don't have direct knowledge of how the truck was used, then you will have to put more emphasis on a mechanical inspection. Cars that have been used to tow or haul will show signs of a well-worn tow hitch, a severely bent rear license plate or a cable for wiring trailer

Do You Like To Go Off-Roading?

The previous own may have too! There will be tell tell signs of an off-roading enthusiast. Muddy or sand filled floorboards, a missing or bent front license plate, and large tires are all good indicators that this truck was taken off the beaten path.

You should also check for any damage to the undercarriage. Any dents, scratches, or cracks in the frame can mean that the truck wasn't properly taken care of or worse, it was in an accident.

Will You Use It For Business Use?

If you plan on using your truck for business purposes, then you'll want to make sure that the truck has been properly maintained. A well-maintained truck will have all of its service records. This way you can see if it has had regular oil changes, tune-ups and other required maintence.

Is It A Daily Driver?

If you're looking for a truck to be your daily driver, then you'll want to find one that is comfortable and has all the features that you're looking for like heated seats, Bluetooth, an infotainment system, etc. You should also take into account how often you'll be driving in stop-and-go traffic. This type of driving will make your fuel economy suffer, so you'll want to find a truck with good fuel economy.

A truck with a manual transmission may not be the best choice if you're going to be sitting in traffic everyday.

The bottom line is that you need to decide what you're going to use your truck for before you start shopping. This way you can narrow down your choices and find the perfect truck for you.

 

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