Does service history affect car value?

This handy guide explains how service history can make or break your car’s resale value.

If you’re wondering ‘does service history affect car value’, the answer is yes – it can significantly influence your car’s resale price. In this guide, we explore how much service history affects car value and why a complete record often boosts valuation, while a missing history can lower it.

Did you know you can sell your car right here on Carwow? We’re here to help you through every step of your car-changing journey.

What is a service history?

A service history is a record of all the maintenance, servicing, and repairs a car has had over its life. It’s usually kept in a service book or online. It shows how well the car’s been looked after and whether it’s had the recommended care. This is very useful for buyers and sellers when checking a car’s condition and value.

How does service history affect car valuation?

Service history affects a car’s value because it shows how well it’s been looked after. A full, up-to-date record gives buyers confidence that the car’s been cared for, which can boost resale value. Missing or incomplete records can make buyers unsure about a car’s condition and lower its value. Think of a good service history as proof the car’s in good shape – something that makes it more appealing and valuable.

How much does service history affect car value?

A full service history can boost a used car’s value by up to 20%, according to Motorway, while missing records could knock as much as 40% off the price, according to HPI. Having a full history gives buyers confidence that the car’s been looked after and reassures them that there aren’t any hidden issues. Without a full history, buyers often expect a big discount because there’s more uncertainty about the car’s condition.

Do I need a full service history to sell my car?

No, you don’t have to have a full service history to sell your car. But without it, buyers might offer less, and it could take longer to sell. A full service history gives buyers confidence that the car’s been looked after and helps prove its mileage and condition.

FAQs

Is it illegal to sell a car with no service history?

No, it’s not illegal to sell a car without a service history, but having one can add value and make your car more appealing to buyers.

Is it wise to buy a car with no service history?

We don’t recommend buying a car with no service history, as it carries a high risk of hidden mechanical issues and costly repairs. While a lower price might be tempting, the potential for expensive problems makes it a risky choice.

Car change? Carwow!

Looking for a new set of wheels? With Carwow you can sell your car quickly and for a fair price – as well as find great offers on your next one. Whether you’re looking to buy a car brand new, are after something used or you want to explore car leasing options, Carwow is your one stop shop for new car deals.

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