A luxury automobile is a serious status symbol. But like any other car, it begins to depreciate in value as soon as you drive it off the lot.
So, how can you increase or maintain the value of your luxury car? Here are a few simple suggestions that can help.
1. Leather Seats
Some of these suggestions require making informed decisions before the car comes home from the dealership. Leather seats are one example. Leather seats, as long as they’re well maintained, provide significant value.
Of course, forethought is your friend. It’s easier to have leather seats installed at the factory than to have them added afterward. Don’t cover up cloth seats with leather seat covers — that can detract from the value of your car instead.
2. Vinyl Wraps
Vinyl wraps may have started as a way to turn cars and trucks into mobile billboards, but a solid wrap helps increase the value of your vehicle in many different ways.
First, it improves the exterior appearance of the vehicle while being a lot more cost-effective than a new paint job. It’s a quick and easy way to make the exterior match the interior if they don’t already complement one another.
It also helps protect the existing paint and clear coat without damaging the surface. This means you don’t have to worry about chips or scratches lowering the value of your luxury ride. And when it comes time to sell it off, you can leave the wrap on or peel it off without damaging the paint to return the car to its original color.
3. Lowered Suspension
There’s nothing quite like the look of a sports car that hugs the road as it roars down the highway, ghosting just above the pavement. Lowering the suspension improves the look of your vehicle, in addition to often improving road feel and increasing handling.
There are a few downsides, including having problems with speed bumps or towing, but as long as you drive carefully, none of those are deal-breakers for lowered suspension.
4. Infotainment System
Most modern luxury cars come equipped with top-of-the-line infotainment systems that cover every need, from music apps and navigation to monitoring vehicle health.
But if your current vehicle doesn’t have an infotainment system or you’re stuck with the outdated system it came with, installing a new one or upgrading an existing unit can improve the value of your luxury vehicle in addition to making your ride more enjoyable.
While you’re at it, consider updating the speakers as well so you get the best sound possible out of your new infotainment system. You can take a DIY approach if you want to do the work yourself — manuals are available.
5. Cold Air Intake
Adding a cold air intake is one of the most popular aftermarket modifications, regardless of the cost of the vehicle. Not only is it a relatively inexpensive way to improve your car’s performance, but it can also help increase the value as well.
As its name suggests, these cold air intakes make it easier for your car to bring oxygen into the combustion chamber. More oxygen means cleaner combustion and more power. It won’t give you the same boost as installing a turbo or supercharger, but it doesn’t require a trip to the mechanic, either.
6. New Tires
Nothing chases away a potential buyer faster than seeing a luxury car with tires that are worn down to the steel. Old and worn-out tires can be dangerous, as well, preventing you from gripping the asphalt and compromising traction on wet or icy roads.
Whether you’re planning on selling now or not, make it a point to install new tires regularly and monitor the tread so you know when to replace them.
7. Dual Exhaust
A dual exhaust adds symmetry to the back end of your vehicle, improving the overall aesthetic. But it also has tangible benefits. Having the extra tailpipe helps reduce backpressure in the exhaust system, making it easier for your car to get rid of exhaust. This helps increase engine performance and even improve gas mileage.
Installing an aftermarket dual exhaust system is possible, but it’s something you’ll want to have done professionally. If the measurements are off by just a little bit, it will be painfully obvious.
If worn tires are the fastest way to chase away a potential buyer, ill-fitted or poorly maintained rims are a close second.
Choose rims that complement your car’s aesthetic rather than something flashy or ostentatious like spinners. It’s a delicate balancing act, but if you choose the right rims, you can increase the value and curb the appeal of your vehicle.
9. Interior Lights
Interior lights, beyond the typical dome light, can be a useful tool in any car. The dome light doesn’t reach all the nooks and crannies in the car’s interior. And if you drop something in the dark, finding it is often an exercise in futility.
Adding interior lights improves the overall look of your interior as well, especially if you choose a color that complements your upholstery.
10. Convenience Accessories
Convenience accessories help fill the gap between what the car offers and what you want it to do. A cup holder power inverter, for example, can give you enough outlets to keep all your devices charged. A travel fridge can keep your drinks and snacks cold on a long road trip.
The accessories you choose will depend on how much time you spend behind the wheel and what kind of experience you want to get from your vehicle.
You don’t need to make massive changes to improve the value of your car or offset the depreciation that starts as soon as you drive it off the lot. Start small and work your way up to the larger changes to ensure you are getting the most out of your investment. After all, something as simple as a vinyl wrap can help protect your paint and take your car from something you own to something you love to drive.