When looking for a new car, the resale value is one factor to consider.
Understanding the depreciation hit will help you determine a fair price before reaching a deal.
According to one report, a vehicle can lose more than 10% of its worth in month one, and the total depreciation hit after the first year could be 20%. Another source says vehicles are usually worth around 60% less than people paid for them after the five-year mark.
Some Upgrades May Increase Resale Value
Depending on the upgrades, you can boost the resale value of your car. Replacing the stock head unit for an in-dash GPS head unit or completing all repairs needed to include a safety certification with the purchase price can justify a higher resale value. But there are some upgrades that, while okay, won’t necessarily mean a higher resale value for your car.
Keep reading to learn about 16 common vehicle upgrades that are unlikely to get you a higher price if you sell your ride.
Custom Paint Jobs
While a professional paint job can make a difference if you put your car up for sale, a custom paint job is another thing. If you opt for a custom paint job, you’ll have to find someone who digs your unique sense of style.
You may find that fewer people express interest, which could extend the sale process and reduce how much you make if it sells.
Aftermarket Wheels
For the right buyer, a sweet set of aftermarket wheels might persuade them to make a good offer. However, some buyers want stock wheels. While aftermarket wheels might pass the eye test, many buyers will worry about the performance or longevity issues of aftermarket wheels versus stock wheels.
Lowered Suspension
Lowered suspension is usually an acquired taste that piques the interests of younger demographics that prioritize aesthetics over functionality.
Investing in lowering kits is almost guaranteed to reduce the appeal of your car should you try to sell it. Some potential buyers will worry about ground clearance and ride comfort issues.
Tinted Windows
Tinted windows are a great upgrade. While buyers will appreciate cars with quality tint jobs, that doesn’t mean they’re willing to pay a premium for one.
They’ll be grateful that you invested in protecting occupants from UV rays, glare, and stares from nosy people. But they likely won’t be willing to spend one dollar above what they otherwise would offer for your car with tinted windows.
Spoilers and Body Kits
Another common upgrade that might not be as special to others as it is a body kit, spoiler, or skirt. Yes, you might find someone who thinks these additions make your car a must-have. However, just as many prospective buyers will give your vehicle a wide berth if the upgrade looks more like a downgrade.
LED Light Bars
While LED lights are cool, they often serve little, if any, purpose. They look great on pickup trucks, but for drivers who spend all their time on unpaved roads, LED light bars are an accessory rather than a necessity.
Racing Seats or Harnesses
Again, these types of upgrades may pass the eye test. But how are they in practice for day-to-day driving?
It might suit your tastes to replace the stock seats with racing seats and harnesses. But don’t expect prospective buyers to fall in love with such upgrades. They might think driving a car with racing seats will be uncomfortable.
Vinyl Wraps
While a good vinyl wrap could be worthwhile and potentially boost your car’s resale value, be mindful of the colors or patterns you choose. What looks edgy to you might look tacky to others. And remember that some people prefer factory paint jobs over vinyl wraps any day.
Stickers or Decals
Regardless of how cool you think the stickers and decals on your car are, all a prospective buyer will see is a mess. They’ll wonder how they will get those stickers and decals off without damaging the paint.
Engine Swaps
What’s wrong with an engine swap, you wonder? While they can give a car with an aging motor a new lease on life, a prospective buyer will want to know that it was done properly and that no shortcuts were taken.
You need proof it was done by a reputable shop. Otherwise, anyone interested in your car will wonder about reliability and may give it a pass.
Performance Chips or Tunes
Tuning or performance chips are common and popular among some motorists. However, they may alter engine performance in a way that compromises reliability. That may be enough to concern some people who would otherwise be interested in your vehicle.
Aftermarket Audio Systems
If you invest in a costly aftermarket audio system, ensure you’re doing it for you. While some buyers might appreciate an upgraded sound system complete with amps and subwoofers, they may not think it’s worth paying a premium to get that feature in a used vehicle.
High-Performance Brakes
Upgrading your car’s braking system can be a good move. Just don’t assume buyers will believe they should have to pay more for your vehicle. So, it’s the sort of upgrade to pursue if you want it rather than because you think you can get more money for your car later.
Performance Exhaust Systems
Another common upgrade that may not boost your car’s resale value is a performance exhaust system. Sure, it can increase your enjoyment factor since you may get more power and a more powerful sound. However, would-be buyers might be concerned about the noise and dependability issues.
Cold Air Intake Systems
Cold air intake systems are designed to direct more cool air to a vehicle’s engine. They’re a common performance modification, but not all motorists are fans. Some think they cause engine wear or emissions issues.
Aftermarket Sunroofs
While an aftermarket sunroof is an option, some prospective buyers might worry about leaks over time. Even sunroofs from the factory can develop problems. Adding an aftermarket one might seem like a risky proposition that some drivers won’t want to take a chance on.
These Common Car Upgrades May Not Boost Resale Value
While the 16 common vehicle upgrades aren’t necessarily bad options, don’t expect them to boost your car’s resale value. You might find the right buyer who values your upgrades as much as you do. But the odds are that most parties won’t be willing to pay a premium for them.
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