What is diminished value?
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Choosing the right colour of your car allows you to showcase your individuality and make a statement. However, it's important to consider the potential impact of your personal colour preference on the future resale value of your car because the colour you choose can either enhance or detract from the price it commands in the second-hand market.
In this Sell 2 Swansway article, we will delve into the connection between car colour and resale value, addressing all the key questions to help you determine which car colour offers the best return on investment.
If you’ve been driving for any amount of time, you’ll have noticed that cars largely tend to be painted in a few select colours.
This is a popular colour option for drivers in the UK especially, with 1 in 5 black cars on the roads. Stylish and simple, black cars are a people pleaser and as such command a good resale price. This is despite the fact that black cars are also harder to keep clean and hide any cosmetic damage from.
In keeping with the neutrality of the colour more generally, grey doesn’t tend to add or take away value when it comes to the buying or selling process. Despite that, it’s a popular choice for manufacturers like Mercedes Benz and BMW, so that’s why grey is a common colour for many cars.
Although it demands more regular cleaning, white is a favourite colour amongst many car buyers as it portrays a more premium look.
While it is generally true that cars in subtle and understated colours tend to have higher resale prices, the luxury and sports car market follows a different trend.
In this niche, luxury vehicles with unconventional and eye-catching colours often fetch a premium compared to their more conservative counterparts in the second-hand marketplace.
The exceptional resale value of these colours can be attributed to their strong appeal among luxury sports car enthusiasts.
Vibrant-coloured sports cars effortlessly catch attention wherever they go, particularly when their striking appearance is complemented by impressive performance capabilities.
So, to conclude:
Yes, it will, and here’s why.
If you want to apply a fresh repaint to your car, keep in mind that the quality of the job will play a crucial role in determining how your car's value appreciates over time. A poorly executed respray can diminish the appeal and worth of your vehicle in the same way that a professional, showroom-quality respray can yield substantial rewards when the time comes to sell your car. You can also relish in the rejuvenating transformation of your car's appearance in the time being.
It is advisable to avoid respraying your car in unpopular colours. Cars painted in uncommon colours such as yellow, pink, gold, and purple tend to have limited demand among car buyers, making them challenging to sell.
Unless selling isn’t in your foreseeable future, we advise avoiding spraying your car in unpopular colours like yellow, pink, gold, and purple as they tend to have limited demand among car buyers, making them a more challenging sell.
Struggling to find a fair price for your car? Get that and so much more with Sell2Swansway. When you use our free car valuation tool, you can rest assured that a professional team of car experts will give it a fair and competitive quote - locked in for 7 days so you have time to think on it.
If you like the price we give you, we’ll even come to collect your car from your doorstep for free and send your money directly to your account. It couldn’t be simpler!
Begin your car selling journey today with the free car valuation tool on Sell 2 Swansway.
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If you’re looking to sell your car before it depreciates too much then get a competitive quote in under 60 seconds with Swansway. With over half a century of experience and nearly 8,000 positive reviews on Trust Pilot, you can trust that selling your car from Swansway is simple, risk-free and competitive.