Don’t have your Nedbank ID yet?
Nedbank ID single sign-on gives you full digital access to Nedbank’s banking and lifestyle products and services on the Money app or Online Banking.
Log in
Log in to Online Banking or another one of our secured services.
Bank your way with low fees and extra benefits.
Enjoy 55 days’ interest free credit and other benefits.
Buy, transfer or shop globally with a travel card.
Affordable loans and interest rates from R2k to R300k.
Up to 100% property loan and 105% for first-time buyers.
Debt management support when you need it the most.
Cover for you and your family in the event of death.
Car, building, house contents, valuables and more.
Bond, credit card, overdraft, loan and car repayments.
Guaranteed income and growth plans for future income.
Achieve your financial goals with expert planning.
We’ll help manage your assets, debts and estate planning.
Accounts
-
Everyday banking Simpler more affordable
-
Kids accounts For children under 16
-
Youth banking For 16 to 26 year olds
-
Seniors accounts For 55 years and older
-
Private Clients Personalised banking services
-
Private Wealth The globally integrated account
-
Digital wallet Your phone is your bank account
Credit cards
Digital banking
Switch to Nedbank
Fraud awareness
Forex
-
Send and receive international payments
Greenbacks
Accounts
-
On demand Money available at any time
-
In 24 hours Cash in your hand the next day
-
In 32 days Funds ready within a month
-
End of term Investments left until maturity
Investment services
Share trading
Personal loans
Home loans
Overdrafts
Vehicle finance
Solar finance
Debt assistance
Funeral cover
Short term insurance
Credit Life
Travel insurance
Business cover
Secure investments
Financial planning
Estate, wills & trust services
Nedbank Private Wealth
Speak to a financial adviser
Blog
Talk to us
Find us
- Login & Register
- Online Banking
- Online Share Trading
- NetBank Business
- NedFleet
- Nedbank Greenbacks
- Nedgroup Investments
- Nedbank ID
- Bank
- Accounts
- Credit cards
- Digital banking
- Switch to Nedbank
- Fraud awareness
- Forex
- Greenbacks
- Explore Bank
- Accounts
- Everyday banking
- Kids accounts
- Youth banking
- Seniors accounts
- Private Clients
- Private Wealth
- Digital wallet
- See all accounts
- Premium banking
- Get help choosing
- Goal saving
- Family Banking
- Refugees and asylum seekers
- FAQ
- How-to guides
- Discontinued accounts
- Everyday banking
- MiGoals Premium
- MiGoals Plus
- MiGoals
- Kids accounts
- MiGoals4Kids
- Youth banking
- MiGoals Premium
- MiGoals
- MiGoals Plus
- Seniors accounts
- MiGoals Premium Senior
- MiGoals Plus
- Private Clients
- Pay-as-you-use
- Young Professionals
- Private Bundle and Private One
- Private Wealth
- Private Wealth Bundle
- Digital wallet
- MobiMoney
- American Express
- Amex Gold
- Amex Platinum
- Digital banking
- Switch to Nedbank
- Fraud awareness
- Send and receive international payments
- Safe and secure incoming international payments
- Secure outgoing international payments
- To Africa
- Greenbacks
- Exclusive discounts
- FAQ
- How-to guides
- Save & Invest
- Accounts
- Investment services
- Share trading
- Explore Save & Invest
- In 24 hours
- JustInvest
- PlatinumInvest
- Tax-free Savings
- MoneyTrader
- EasyAccess Fixed Deposit
- PrimeSelect
- In 32 days
- Electronic 32Day Notice
- 32Day Notice
- End of term
- Tax-free Fixed Deposit
- Electronic Fixed Deposit
- Electronic Optimum Plus
- Platinum Fixed Deposit
- Fixed Deposit
- OptimumPlus
- Investment services
- Share trading
- Borrow
- Personal loans
- Home loans
- Student loans
- Overdrafts
- Vehicle finance
- Solar finance
- Debt assistance
- Explore Borrow
- Personal loans
- Loan consolidation
- Secondhand car loan
- Home improvement loan
- Exclusive short-term loan offers
- Explore loans
- FAQ
- How to guides
- Loan consolidation
- Secondhand car loan
- Home improvement loan
- Exclusive short-term loan offers
- Home loans
- Building loan
- Switching home loan
- Repossessed properties
- Start your home buying journey
- Solar-energy Finance
- Earn R32,000 p/m or less? See offer
- HomeVision extra funds
- Home-buying Toolkit
- Managing your home loan
- Explore home loans
- FAQ
- How to guides
- Track application
- Building loan
- Switching home loan
- Repossessed properties
- Start your home buying journey
- Solar-energy Finance
- Earn R32,000 p/m or less? See offer
- HomeVision extra funds
- Home-buying Toolkit
- Managing your home loan
- Student loans
- Explore student loans
- Overdrafts
- Vehicle finance
- Solar finance
- Debt assistance
- Consolidate all your debts into a simple loan | Nedbank
- Short-term payment relief | Nedbank
- Take charge and restructure your finances | Nedbank
- Assisted-sales solutions for homes and vehicles | Nedbank
- Flexible payment plans for loans and credit | Nedbank
- Understanding how repo rate works | Nedbank
- Consolidate all your debts into a simple loan | Nedbank
- Short-term payment relief | Nedbank
- Take charge and restructure your finances | Nedbank
- Assisted-sales solutions for homes and vehicles | Nedbank
- Flexible payment plans for loans and credit | Nedbank
- Understanding how repo rate works | Nedbank
- Insure
- Life cover
- Funeral cover
- Short term insurance
- Credit Life
- Travel insurance
- Business cover
- Secure investments
- Explore Insure
- Life cover
- Get a call back
- Explore MyCover life
- Funeral cover
- Individual R10,000
- Individual R30,000
- Family Cover
- Build your own cover
- Get a call back
- Explore MyCover Funeral
- Individual R10,000
- Individual R30,000
- Family Cover
- Build your own cover
- Short term insurance
- Vehicle insurance
- Building insurance
- House contents insurance
- Valuables insurance
- Valuables insurance
- Get a call back
- Explore MyCover short term insurance
- Vehicle insurance
- Building insurance
- House contents insurance
- Valuables insurance
- Valuables insurance
- Credit Life
- Home loan credit life
- MFC Vehicle Finance Assurance
- Overdraft Assurance
- Balance Protection Plan
- Personal loan Assurance
- Get a call back
- Explore credit life
- Home loan credit life
- MFC Vehicle Finance Assurance
- Overdraft Assurance
- Balance Protection Plan
- Personal loan Assurance
- Travel insurance
- Business cover
- Secure investments
- Guaranteed Growth Income Plan
- Guaranteed Growth Plan
- Get a call back
- Explore MyCover Funeral
- Guaranteed Growth Income Plan
- Guaranteed Growth Plan
- Plan
- Financial planning
- Estate, wills & trust services
- Nedbank Private Wealth
- Speak to a financial adviser
- Explore Plan
- Financial planning
- Investment planning
- Insurance planning
- Give
- Retirement planning
- Investment planning
- Insurance planning
- Give
- Retirement planning
- Estate, wills & trust services
- Will drafting
- Ensure your estate is managed by an executor | Nedbank
- Trust services
- Financial accounting
- Tax services
- Leave the admin of your estate to us, and not to your loved ones | Nedbank
- Will drafting
- Ensure your estate is managed by an executor | Nedbank
- Trust services
- Financial accounting
- Tax services
- Leave the admin of your estate to us, and not to your loved ones | Nedbank
- Nedbank Private Wealth
- Speak to a financial adviser
- Learn
- Blog
- Explore Learn
- Blog
- Contact us
- Talk to us
- Find us
- Explore Contact us
- Talk to us
- Find us
5 smart ways to protect your car’s resale value
5 smart ways to protect your car’s resale value
Staff writer
Posted 18/02/2022 Updated 20/02/2023 4 mins
Some handy tips to help you get a better price when it’s time to sell your car or trade it in.
Depreciation, or the reduction in an asset’s value over time, happens to all machines. But depreciation on motor vehicles is the kind that directly affects most people – unless you buy a vintage or collectible car, which can gain value over time. Your average new car, on the other hand, loses most of its value in its first year and continues to depreciate by a certain percentage every year thereafter.
If you plan to sell the vehicle sometime in the future, finding a brand that retains more value because of higher market demand is a sensible strategy. While depreciation happens to all vehicles at the same rate, cars that people will always want to buy hold their value better. Once you’ve bought it, it’s up to you to look after your vehicle – so it fetches a better price when you want to resell it or trade it in.
You won’t be able to keep it as spotless as the day you bought it, but these 5 tips will help you maintain its appeal:
1. Have it serviced regularly
It’s essential with any mechanical equipment that everything is running as it should be, or small problems can escalate and cause knock-on effects that result in serious damage. Your car is a complex mechanical and electrical system that needs to be maintained in working order.
Make sure you have it serviced at the recommended intervals – according to the service manual that comes with the vehicle, or as advised by the dealer – to prevent unnecessary wear and tear. Get any accidental damage or system malfunctions repaired as soon as you can. Don’t ignore unexplained noises or warning lights; get them checked out by a professional.
2. Hang onto your service history
Having gone to the expense of keeping your car maintained, its service history is the evidence that you’ve done so. Your mechanic or service centre should stamp your service book after every service as proof that the service was done. This will give the buyer confidence that you’re selling a reliable vehicle and will increase the value of your car compared to a similar one with no service history.
If accident damage was repaired, the auto body repairer will give you warranties for their work. Keep this in the service book too, to reassure the buyer that the vehicle was repaired at a reputable auto body repairer and that warranties are in place according to the manufacturer requirements.
3. Keep the inside clean
Keeping the inside of the car clean and in good condition sends the right message: here’s a car that’s been looked after. Have the interior properly cleaned and vacuumed regularly, and don’t allow smoking in your car. Repair any tears in the upholstery or broken controls on the dashboard.
Nothing devalues a car as quickly as a weathered, beaten look
Taking the vehicle for a valet cleaning service before selling it will ensure the interior is in a good, clean condition and that any odours and spills are taken care of professionally. While this may not bump up your price much, it doesn’t give the buyer any room to haggle you down on the price, either.
4. Make sure everything works
Making sure that all the features and gadgets work properly is another way to avoid buyers trying to haggle for a lower price. The sound system, Wi-Fi, window controls, air-conditioning, dashboard instruments, warning indicators and internal lights must all function the way they’re supposed to, as must any extras like external cameras and proximity alarms. Someone will be willing to pay a fair price for a car that works properly, rather than enduring the hassle of bits and pieces that need to be repaired or replaced.
5. Preserve the paintwork
Nothing devalues a car as quickly as a weathered, beaten look. The best way to protect your vehicle’s paint job is to store it in a garage or covered area. If you don't have a garage, keeping it under a vinyl cover when parked will go a long way to protecting its looks. Get any dings, dents or scratches professionally repaired and resprayed.
You can invest in specific ‘scratch and dent’ insurance policies – if you buy this cover, it will enable you to have the small scratches and dents repaired once a year, to keep your vehicle looking good. It’s more affordable than you might think. You can also buy autobody glaze products that adhere to your paintwork and protect it from sun and other damage, to keep it in mint condition.
If you qualify for credit, once you’ve settled on the car you need, Motor Finance Corporation (MFC), a division of Nedbank, makes the buying process simpler with loans and services that help get you on the road. New or used, from a dealer or at an MFC auction, and whether you’re the buyer or seller in a private sale, MFC can help.
Did you know that if you take out MFC vehicle finance and open a Nedbank Savvy Plus or Savvy Bundle Account, you can get R200 a month cash back for the duration of your loan? For an affordable car loan tailored to your circumstances and value-added extras like cash back, choose the bank that’s best for your money.