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Car loans could be assisted by a good trade-in

Customers looking for new or used car finance are being advised on the best ways to ensure the get the right price when selling their old vehicle.

Customers looking for new or used car finance are being advised on the best ways to ensure the get the right price when selling their old vehicle.

According to auction specialist British Car Auctions (BCA), while it is difficult to avoid the effect of depreciation - consumers can take a few simple steps to maintain their used car.

The BCA advises that maintaining a full service history can make a huge difference when raising cash by selling your old car, according to Easier Motoring.

A statement from the group also said that modifying cars could damage your current vehicle's value.

"Non-factory paint schemes and retro-fitted body kits limit your market of potential buyers, while chipping the engine might even void the car's warranty," the statement said.

Other tips on the study include regular maintenance and picking a popular model with a simple paint job when buying a car in the first place.

A recent study by esure found that many motorists were spending over 20 hours browsing magazines and considering different models but around a quarter were spending under an hour considering finance, according to Reuters.


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