Maximize Your Vehicle’s Resale Value with Your Next Toyota

 Considering Your Next Vehicle?

Worried about getting the most value out of your purchase in a world where prices, trade values, payments, and interest rates are constant topics of discussion? Have no fear when it comes to selecting your new Toyota vehicle from the team at Northridge Toyota here in Los Angeles.

Toyota vehicles do a superior job of holding their values in two critical ways:

• Personal value: which we like to think is how desirable, reliable, and long-lived a vehicle is throughout an ownership experience.

• Resale value: which is how well your vehicle stands in the market when you’re ready to part with it and move on to your next Toyota.

Toyota vehicles are engineered and built to deliver exceptional returns when it comes to a vehicle maintaining its value. Wondering which vehicles best maintain their value? Come explore the selection of new Toyota cars, trucks, SUVs, and vans at Northridge Toyota for a lot full of vehicles that hold their value

 NHTSA Ratings

The NHTSA puts cars through rigorous crash testing and assigns a safety rating on a five-star scale. The Accord has a sterling track record of five-star ratings, and this year’s model is no different—the 2024 Accord’s crash test ratings are top-tier in all respects.

• Overall safety rating: Five stars

• Frontal crash rating: Five stars

• Front driver side: Five stars

• Front passenger side: Five stars

• Side crash rating: Five stars

• Side pole rating: Five stars

• Rollover rating: Five stars

 How Can You Best Maintain Your Vehicle’s Resale Value?

Market conditions are largely out of your hands, but fortunately, there are plenty of things under your control that will improve your vehicle’s value and keep it from depreciating.

• Don’t smoke in your car. The smell turns off many potential buyers and can absolutely tank your vehicle’s value. Don’t do anything to shrink your pool of potential buyers willing to pay top dollar.

• Maintain your vehicle per the manufacturer’s recommendations (or more regularly if you prefer) and keep all the records. A meticulous owner impresses potential buyers and helps increase value.

• Keep your car clean to maximize the life of your paint and the condition of the interior. Consider applying wax a couple of times a year. Stay on top of door dings and breaks in the paint to avoid the possibility of them turning into a larger problem.

• Don’t ignore mechanical issues. Have a mechanic check out that clunk in the transmission, the thump when you go over speed bumps, the backup sensors that don’t always sense, that passenger door that won’t stay open, or whatever issues stand out to you. Customers are going to offer lower values if they fear they’re inheriting someone else’s problems or a neglected vehicle.

• Mind your mileage – this was mentioned earlier, but the higher the mileage, the lower the market value (in general). Try to keep your mileage at a reasonable level, and consider renting a car for your cross-country road trips. Or see if you can hit 300,000 miles on your Toyota. We love seeing high mileage vehicles in the Northridge Toyota Service Department.

We’d also suggest you park in a garage as often as possible, to avoid weather-related damage and minimize the chance of theft, but realize that may not be a realistic option for helping your car keep its value over time.

Stopping your vehicle from losing its value comes down to doing what you can to keep it in top condition in terms of mechanical operation and aesthetics. If you need help with that, or are ready for your next Toyota, come visit our Toyota showroom in Northridge, CA.