Zany car personalisations dent resale value

June 11, 2015 | By | In News

Henry Ford is famed to have said that buyers could choose any colour for their new car, as long as it’s black, but modern customers are spoiled for choice with hundreds of personalisation options – for paint colour, alloy wheel styles, interior trim and even a host of colourful sticker packs.

However, used car valuation experts Glass’s Guide have warned car buyers to be careful not to make their car so personalised to their own tastes that no one will want to buy it when they come to sell. This comes as those who specify their cars with particularly unusual paint finishes or interior trim may be unable to sell their car for the price they hoped for or could even find the car hard to sell at all, with potential buyers not sharing the original owner’s tastes.

You could have two Vauxhall Adams that are ostensibly the same on paper but, in the metal, are clearly hundreds or thousands of pounds apart in value because of choices that the original buyer made.

Models such as the Mini hatchback and Citroen DS3 now offer so many options that simply choosing which boxes to tick can be a lengthy process. Opt for an unpopular colour or overly quirky trim combination and you could slash hundreds if not thousands from the resale value of your car. Consequently, many dealers are now urging overenthusiastic customers to consider which options are likely to make their car easy to sell when choosing what to pay extra for, reports the Press Association.

Reinforcing just how significant this choice is, Rupert Pontin, Glass’s head of valuations said: "Factors such as colour have always had a large impact on residual values but the trend towards increasing visual personalisation is magnifying the effect.

"You could have two Vauxhall Adams that are ostensibly the same on paper but, in the metal, are clearly hundreds or thousands of pounds apart in value because of choices that the original buyer made.”

Picture: MG

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