Your house. Your business. Your vehicle. If you have one - or even all three - you know that these are some of the largest investments that you will ever make. While many of you choose to upgrade your house or track daily business operations, vehicles often receive the least amount of attention.
Unless you are a car aficionado, your vehicle is mostly there to get you from Point A to Point B and back again. This philosophy lies in the age of the commuter where cars, trucks and SUVs are driven to an early grave or traded in for the next best model. Others believe that once you drive that vehicle off the showroom floor, its true value has already been lost. Outside of those vehicles that are purchased by collectors as "classics," most vehicles become financial liabilities due to their depreciation.
This does not have to be the case. Companies, such as Ownersite Technologies LLC, can help you maintain - and even add - value to your vehicle. As car lovers and creative business people, the talented team behind Ownersite has developed Web-based solutions, including Ownersite, which is the first comprehensive vehicle maintenance reminder and expense tracking system.
|Kelley Blue Book indicates that you can increase your car's value by 10% or more just by keeping a well-documented service history.
This type of service could provide a host of benefits. As one of the most trusted sources for vehicle resale and trade-in value information, Kelley Blue Book determined that you can increase your car's value by 10% or more just by keeping a well-documented service history. This data would include such things as oil changes, tire rotations, recalls performed. Consider these two examples:
One Ownersite customer recently listed their 2002 Nissan Altima for sale at a price that was more than others listed in similar want ads. One interested party wanted tot buy it for less even though the owner showed her an easy-to-read printed maintenance history from his Ownersite subscription. Once she took the report with her and checked it out against comparable cars, she came back and took the Altima for the full asking price -- $1,200 more than any of the other cars she looked at. The reason: none of the other vehicles had complete service records that could be verified. The owner felt that Ownersite was well worth the twenty minutes of his time that it took to load information and the $45 he had invested over three years as a subscriber.
Another example is to take a 2002 Ford Explorer 4 x 4 in the 30075 zip code of Atlanta, Georgia. With all other factors being equal - mileage, paint condition, tire tread, etc. - Kelley Blue Book's private party value for this vehicle with service/maintenance described as "some done" and records as "some available," the sales price estimate is $13,465. However, if the results were changed to "on time and current" service/maintenance and "all available" records, the value jumps to $14,380. The increased retained amount of $900 adds 8% additional value to this vehicle.
Since it only takes a few minutes to enter your service records on Ownersite and only costs $14.95 per year, this service provides substantial leverage for you to maximize the value of your vehicle. This cost-effective, proven solution costs less than fifty cents a month for up to four vehicles per subscription. It doesn't take a math whiz to realize the value of spending $15 and getting a return of up to $1,000 when you go to sell your vehicle.