How to Maintain the Value of Your Vehicle

maintain value


Maintaining the value of your vehicle is important for several reasons. Whether you want to sell it, trade it, or use your vehicle title for a loan or pawn, it is important to consider the factors that determine your vehicle’s worth. These factors include condition, age, and total mileage. While some of these factors are inevitable, there are several you can control.

Here are a few simple things you can start doing today:

1 – Keep your car in the garage or under a covered area.

Protect your vehicle from the elements by parking it in a covered area. Weather and debris can cause the exterior to age and lose its value.

2 – Have your car serviced regularly.

Having your oil changed regularly can prevent major engine problems. It is a good idea to keep track of your vehicle’s maintenance schedule and save all receipts including car washes, oil changes, tune-ups, tire rotations, etc. Providing a verified history often helps maintain your vehicle’s value.

3 – Don’t smoke in your vehicle.

The smell can linger and decrease the interiors value, especially in cars with cloth seats.

4 – Wash and wax often.

Washing and waxing a few times a year will protect the surface or your vehicle. Although the paint job is only superficial, it’s one of the first things a potential buyer/assessor will notice.

5 – Consider buying seat covers.

This one time investment can pay off big when selling or getting a title loan/pawn. They will help maintain the quality of the interior cloth or leather seats.

6 – Be careful when parking.

Watch where you park and what you park next to. If possible, park in the shade and away from other vehicles.

7 – Keep mileage to a minimum.

Mileage is another big factor when assessing the value of your vehicle, so it’s important to consider your driving habits and how you can alter them. Try consolidating your trips, carpooling when you can, and allocating a few days a month where you go carless. This will add up and help maintain the quality of your engine.

1 Title-Secured Loans, Secured LOCs and Title Pawns: Maximum pledge amount in Mississippi is $2,500. Maximum loan amount in Tennessee is $6,500, assuming customer qualifies for and accepts both the pledge max of $2,500 and Secured LOC max of $4,000. Refinancing is not available for Mississippi or Tennessee Pledge products. Minimum loan amount for title-secured loans in South Carolina is $601.

Must be at least 18 years of age (19 in Alabama). Account approval requires satisfaction of all eligibility requirements, including a credit inquiry and motor vehicle appraisal. Must present valid government issued ID. Certain other eligibility requirements and terms & conditions apply. Loan/LOC/Pawn amounts vary by states and product. LOC customers are subject to a periodic collateral review to maintain credit limit. Proof of income documentation and ability to repay analysis is required in Missouri, Nevada, some Texas locations, and Utah.

2 Personal Unsecured Loans/LOCs: Unsecured loan amounts and products not available in all stores/states. Max loan amount for first time borrowers is $1,000 ($500 for an in-store personal loan in AZ). Returning customers with a good payment history may qualify for higher loan amounts, currently up to $2,500. Loans above $1,000 ($500 for an in-store personal loan in AZ) require two consecutive pay stubs showing direct deposit. In-Store: Account approval requires satisfaction of all eligibility requirements, including a credit inquiry. Bring in proof of income (dated within the last 30 days), active bank account details (dated within the last 45 days), proof of residency, a voided check, and a valid government-issued ID to apply. In AZ, a valid AZ motor vehicle registration in your name is also required. Min $601 in SC. Without SSN or ITIN, max loan amount is $300. Online: If you do not have an SSN or ITIN, please visit us in store to apply. Additional items required for eligibility, including: a valid and active email address and telephone number, a valid SSN, and proof of residency for the state in which you are applying (currently AZ, DE, KS, MO, MS, SC, TN, TX, UT or WI). Min $610 in SC. Certain other terms and conditions may apply.

– California, Illinois and Virginia Residents: TitleMax® no longer originates new loans in CA, IL or VA, but continues to service existing loans.

– Please see our California Resident Notice at Collection and Privacy Policy: Submit a Verified Consumer Request to understand what information we collect, disclose, or sell, to request that we delete your information, and/or opt out of selling by clicking Do Not Sell My Personal Information.

– In Georgia, TitleMax offers Title Pawns.

– New Mexico Consumers: please see important New Mexico Consumer Information and Disclosures.

– In Nevada, title loans should be used for short-term financial needs only and not as a long-term financial solution. Customers with credit difficulties should seek credit counseling before entering into any title loan transaction. Ability to repay analysis with income documentation required.

– In Tennessee, TitleMax offers title pledges, and secured and unsecured Lines of Credit (“LOC”). Only one LOC account allowed per customer, inclusive of other lenders. LOC customers are subject to a periodic income (and collateral, if applicable) review/validation.

– TitleMax of Texas, Inc. and TitleMax Online of Texas, Inc., d/b/a TitleMax acts as Credit Services Organizations to assist customers in obtaining a loan through an unaffiliated third-party lender. Please see store associate for details. Please see Texas Schedule of All Fees. TitleMax does not offer pawn loans or pawn transactions in Texas.

– TitleMax®, TitleBucks®, and InstaLoan®, are not considered competitors. Please see a store associate for details.

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