School Year Depreciation Is Coming!

Do you know how quickly your vehicle is depreciating every year? Most people don’t know how to answer the question when asked. The word, “depreciate,” is a financial issue in most people’s minds and as such, they leave that to their CPA every year. Perhaps we should examine how it can affect you.

Depreciation is the amount of money your vehicle (or other fixed-asset properties) loses value as it ages. There are ways to slow this process. Perhaps not by much, but taking care of your investment – which is what a vehicle is – can indeed force your vehicle to retain its financial value longer.

The school year is here. This means more parents will be on the road driving their children to and from school, extracurricular activities and other activities families find on their schedules. Indeed, merely driving a car puts miles on it and causes it to depreciate faster. If you have teenage drivers, this value goes down even more quickly. First and foremost, the first thing you can do for a vehicle to have it retain its value longer is to store it in a garage. This protects it from the elements such as sun damage, rain, hail and snow.

As the weather changes, your vehicle can be subject to further harm. Snow, ice and the cold weather in general, can wreak havoc on the value of your car. It can cause slow starts, chipped windshields from ice, and the chances of getting in a vehicular accident go up due to poor driving conditions. Furthermore, cold-weather can cause minor potholes on the road. Driving over these potholes can bend axles and pop tires.

Wow – what can you do to protect your vehicle? You have a lot going against you. Driving only when necessary – for starters – can keep you safe. Planning your routes can be another way that you can shed unnecessary mileage and time off your day. If you live close enough – and if it’s possible – consider walking in all but inclement weather.

Then there’s the maintenance on your vehicle. We’re talking about more than just the required maintenance to keep your vehicle running as recommended by the manufacturer. Keeping your car clean both inside and out, fixing your windshield from minor dents and ticks, having a paintless dent removal, and making sure the paint job on your vehicle is in top-notch can ensure that your vehicle will sell for its maximum value when it’s time. Remember that the biggest reason cars lose their value is due to owner neglect.

  • Great work. In driveway, had all supplies. Will be using again! Update: Had them tint our SUV and they did an amazing job (ceramic - 7 windows). Will be back to tint my car with them and recommend to friends. They even hand washed the car when they finished!

    Roberto Vargas Avatar Roberto Vargas
    April 24, 2021
  • Amazing service from team member James P. He went above and beyond with my interior cleaning. He really made the car look brand new. I have used this company several times and always had great results. But James P really did the most amazing job! I'll always ask for him in the future!

    Crystal Demoss Avatar Crystal Demoss
    April 28, 2021
  • Nathan’s guys did a great job tinting the windows on my car. I dropped my car off the night before and I must say the car was in great hands. I had my front windows done at 35% and the back windows (back glass included) done at 20%. I must say, i am incredibly pleased with the job! It looks very professional and I would highly recommend Nathan’s Automotive Detailing for window tinting. They also did a “spruce up” on the interior AND exterior which was totally unexpected, but very much appreciated!! I thought it was very affordable and couldn’t be happier with the work! Thanks again Nathan!!

    Brad Deliere Avatar Brad Deliere
    March 2, 2021
  • I received an auto detailing as a birthday gift and was so impressed by the level of professionalism and hard work that Nathan’s provided. The technician showed up promptly at 8am. He was here for 6.5 hours for one vehicle. It looks as good as new. I can’t believe what a great job he did. Additionally, he was very polite and personable. I would highly recommend this company and will certainly use them again in the future.

    James Terrill Avatar James Terrill
    April 16, 2021

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