
Buying a new car is exciting, but you should also think about protecting its value. Depreciation is the most significant factor influencing the resale value of a car, but there are several steps you can take to protect your investment and maximize what your vehicle may be worth when you eventually sell it. Here are some tips to help you get the best resale value for your used exotic car.
1. Think Before You Park
When you are driving to work or play, your choice of where to park your car matters. It can save you money and time. Parking your car in a garage at home will protect it from the elements and help keep it secure.
When you cannot park in a garage or under a cover, at least try to avoid parking under a tree. Tree sap left on your paintwork can cause significant damage. Birds perch on trees, and you know exactly what they do to your car. If you come across bird droppings, clean them up as soon as possible to help protect the finish.
It’s not just the natural elements you need to consider when parking your car, either. Another major cause of damage to a vehicle is being hit by another driver in a parking lot. Even another car door can leave a small dent or scratch. As an alternative to parking as close to your destination as possible, try parking farther away from busy areas where you are less likely to have other cars nearby.
2. Regularly Clean Your Exotic Car
It’s common to clean your new car every few days when you first get it, but when the novelty wears off, the intervals between cleaning can rapidly become longer and longer. By cleaning your car regularly, you can not only keep the paint looking good, but also notice dents, scratches, and other damage earlier.
The exterior isn’t the only thing we are talking about. Taking care of the interior of your car is just as important. Exotic cars can feature premium leather, Alcantara, carbon fiber, and other materials that deserve proper care. The sooner you take care of a stain on your carpet or seat, for example, the better your chances are of removing it.
3. Make Use of Good Paint Protection Products
Paint protection products have sometimes gotten a bad reputation due to the high prices charged for flawed products by some dealers. Nevertheless, that does not mean they are all bad. A high-quality product that protects against contaminants can be well worth pursuing.
Paint protection film, better known as PPF, has become especially popular among exotic car owners. This transparent film can be applied to high-impact areas or the entire vehicle to help protect the factory paint against rock chips, minor scratches, road debris, and other everyday hazards. Many exotic-car buyers appreciate seeing a vehicle that has had PPF protecting its paint throughout its ownership.
Ceramic coatings are another option. They can make the vehicle easier to clean while providing a glossy, hydrophobic surface, although they do not offer the same level of physical impact protection as PPF.
Even if you haven’t invested in PPF or ceramic coating, once you’ve cleaned and dried your car, applying a quality wax or polish can help maintain its finish. Some of today’s products are quick and easy to apply, producing a finish you’ll be proud of while also helping protect the car and its resale value.
4. Keep Up With Servicing and Maintenance
We’d like to believe that if you bought a brand-new exotic car, you’d keep up with the manufacturer’s service plan without being informed, as following the factory maintenance schedule is an investment in your car’s future value.
The essential maintenance services for an exotic car aren’t necessarily that different from those for any other vehicle. Your car still needs regular oil changes, tires, brakes, fluid services, and other factory-recommended maintenance. The difference is that high-performance components can have very specific service requirements, so following the manufacturer’s recommendations is especially important.
Newer exotic cars also rely heavily on sophisticated electronics. In some cases, manufacturer software updates may be needed to correct an issue or ensure electronic systems are operating as intended.
Even though paying money to get something fixed might be a nuisance, consider it an investment. Fixing a problem quickly may cost money that could be spent on something more exciting, but paying a little now could save you a lot later if you don’t wait for it to become a bigger problem.
5. Retain All Your Documents and Receipts Together
You should keep all of your car’s important paperwork, but make sure that all of it is in one place, such as a folder, so none of it gets lost. You should also keep receipts or bills for maintenance and repairs so that you can offer them to potential buyers when the time comes.
For an exotic car, a well-documented service history can be particularly important. Maintenance records help show a future buyer that factory service intervals were followed and that the vehicle received the care expected for a high-performance car.
People tend to think it’s better to keep quiet about any problems their vehicles have had so potential buyers won’t think they are being sold a damaged vehicle. Unfortunately, this is not always the case. When you can demonstrate you have had things fixed correctly, it shows you have maintained the vehicle and addressed problems rather than ignoring them.
6. Fix Any Damage
When you ignore minor damage for some time, one of two things is likely to happen. It could become worse and cost more to fix, or you might never fix it, and it will negatively impact your vehicle’s resale value when you sell it.
The point is not to drive into an expensive body shop as soon as you notice a tiny imperfection on your door panel. However, once you have significant damage or several issues that need attention, having them properly repaired can help preserve the condition of your exotic car.
7. Choose Mechanics Who Understand Exotic Cars
Many routine maintenance services are similar whether you drive a daily commuter or a high-performance exotic, but the vehicle performing beneath the surface can be very different. High-performance engines, advanced materials, unique designs, and tight-fitting engine bays can require specialist knowledge and experience.
Specialist auto mechanics who regularly work with Ferrari, Lamborghini, McLaren, Porsche, and other exotic brands understand those differences. They are also more likely to have access to the equipment required to properly diagnose and service the vehicle.
One of the most important examples is the manufacturer’s diagnostic software. A shop accustomed to servicing exotic vehicles will generally have access to the appropriate diagnostic equipment and software, while a standard repair shop that primarily works on conventional vehicles may not.
Some models also require specialized equipment for particular jobs. Depending on the vehicle, that can include tools for center locks, a high-torque wrench, equipment for dry sump oil systems, and model-specific tools. What matters most isn’t having the longest collection of exotic tools. It’s choosing a technician who has the knowledge, equipment, and combined experience necessary to work on your particular vehicle correctly.
8. Buy the Right Car in the First Place
The type of vehicle you purchase can have a significant impact on the amount of depreciation throughout your ownership. If you’re looking for a truly special vehicle, check out our iLusso collection. We have some of the best used exotic cars for sale in the world.
Once you follow these tips, you can get the price your exotic car is worth when you plan to resell it. Already thinking of it? You can count on iLusso for the highest cash offers in a minute.
Whether you want to buy or sell your exotic car, our dealership is renowned for its exceptional service. If you have any questions, our friendly staff can assist you and provide solutions to your financing and selling needs. Don’t hesitate to reach out if you’re interested in one of our listings or if you’re ready to sell your exotic car. Contact us online or call our sales line at 888-351-1631. You can also visit our exotic car dealership in Costa Mesa, Palm Beach, Houston, and Scottsdale. iLusso is waiting to serve you.
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