12 Modifications that Can Actually Increase Your Vehicle’s Resale Value

12 Modifications that Can Actually Increase Your Vehicle’s Resale Value

increase resale value

Generally, owners are warned not to make modifications to their cars. However, specific types of modifications can actually increase your vehicle’s resale value.

Two rules of thumb are worth considering. First, convenience and safety improvements often increase a vehicle’s value – whereas performance and style modifications generally don’t.

Second, modifications should be made by a professional installer using top-quality brands and parts.

1. Infotainment centre

An infotainment centre that includes sat-nav, media players and journey information will add value, especially if it’s Bluetooth-enabled.

Some infotainment centres are compatible with virtual assistants like Siri, making them more desirable and safe to use while driving.

2. Leather seats

Replacing pleather or fabric seats with more luxurious, long-lasting leather seats will improve your car’s aesthetic appeal.

Depending on the brand, you might be able to include seat warmers.

3. New tyres

Good quality tyres appeal to buyers because they’re a safety feature and can improve handling and performance.

They also make the car more fuel efficient. Buy tyres that fit the car properly and aren’t limited to one weather condition or road surface.

4. Heads-up displays

A heads-up display is a clear display that sits in the driver’s line of sight while driving.

It usually displays the GPS and other important journey information.

It’s considered a safety feature because the driver doesn’t have to take his or her eyes off the road to look at it.

5. Anti-theft devices

High quality and professionally installed safety features add value for South African buyers.

These include gear locks, steering-wheel locks, alarms, immobilisers and tracking devices.

6. Parking sensors

Sensors and cameras for parallel parking, alley docking and reversing are a huge advantage, especially for cars with blind spots.

They’re relatively easy to install in the rear bumper. Some kits include a sensor and a rear-facing camera in one.

7. Smash-and-grab tint

A smash-and-grab tint film is a common aftermarket modification in South Africa. It can add value, especially in areas where hijackings and “smash-and-grab” crimes are prevalent.

Don’t get a very dark tint, however. This may be off-putting or even illegal.

8. High quality paint job or wrap

Few people want to buy a car in a gaudy colour that’s covered in decals. A high-quality paint job in a neutral colour will improve your vehicle’s resale value.

Vinyl wrapping works well for matte finishes.

9. Performance air filter or cold air intake

A performance air filter is less restrictive, so it’s easier for the engine to take air in. This makes it more efficient and can boost performance.

A cold air intake moves the filter outside the engine bay. This means it can take in more oxygen-rich air.

10. Roll bar for 4x4s

Roll bars are valuable safety features for owners of 4x4s. They help prevent rolling. This is useful for drivers who plan to traverse rocky terrain or slopes, where turning over is a risk.

A roll bar can also give a 4×4 or bakkie better handling by improving vehicle balance.

11. Bull bar and tow bar for bakkies

Adding a high quality, durable bull bar and tow bar to a bakkie can improve its appeal to buyers.

These features are useful for anyone planning to use a bakkie for farm work or towing.

12. Stainless-steel brake lines

Replacing rubber brake lines with longer-lasting stainless steel will improve braking responsiveness.

Rubber brake lines can make the brake pedal feel numb under hard braking.

Asset-based loans on vehicles

Certain modifications can increase your vehicle’s resale value – but other customisations may have the opposite effect.

Need funds? Before you sell your car, consider using it as collateral for an asset-based loan. This way, you can access the value of your vehicle without selling it.

With Pawn My Car, you can use a car, bakkie, truck or boat that’s in your name to secure a loan quickly and easily, with no delays or laborious paperwork. For more information, contact us on 086 172 9648 or simply complete and submit our online application form.

Complete an application now

APR & Loan period

Fixed rates range from 36% to 60% APR and payment options range from minimum 3 to maximum 24 months. Apart from the initiation and monthly fees shown below, the only additional fee is credit life insurance if the borrower does not have this already.

Renewals

All accounts may be renewed if they are up to date.

Collection

All payments are made via EFT or direct deposits into Lamna’s bank account. There are no debit orders.

Non-payment

Non-payments may result in the matters being escalated.

Illustrative example

Client borrows R10,000 for 90 days.

Loan
Amount
Repayment Terms
Monthly Repayment
Total Repayment
Initiation
Fee
Monthly Fee
(Interest + Service Charge)
APR
Loan Amount

R10,000

Repayment Terms

3 Months

Monthly Repayment

R560

Total Repayment

R12,370

Initiation Fee

R1,000

Monthly Fee (Interest + Service Charge)

R650

APR

60%