1996 Viper GTS, cool video of Jay Leno driving and still enjoying his Viper GTS, and a clip from when he tool delivery of the car back in 1996 (we were all younger).
In the day Vipers attracted a ton of attention...it was an experience to cruise an early Viper.
While discussing the present and future valuation of pre owned vehicles in a market environment that is increasingly demanding speed (compression of time). Where various software applications will further aggregate information to expedite valuation decisions.
In addition to everyone (industry/customer) using purveyors of auto histories to enhance the decision process.
Here is the thing...
As an owner you should have/make your own vehicle history, updated on a regular basis. Is a "third party" the only source of history for your vehicle? Its your vehicle, its your history, its your documentation.
Think about this...the market is fast, software will in most instances influence (if not establish) the value of your vehicle, while a 3rd party supplier will dredge for any and every historical information on your vehicle.
Its your vehicle, its your money (or loan) and software will influence if not establish the value, and history of your vehicle? Usually at the time that you want to convert your vehicle to money (sell). The high lease penetration from previous years, it was advantageous for the billion dollar entities to have a third party dredge for any and all information to establish a history (protective layer) for the off lease vehicles they were selling.
What can you do?
Be proactive...protect your interests.
Keep a regularly updated history with photos of your vehicle. Most folks are visual...photos augment the visual experience...a video would be totally cool.
Especially if an untoward event (collision) occurs, that will be recorded on a history report, which becomes permanently attached, and a challenge to reconstruct a few years later by anyone interested in your vehicle.
Decide on a publishing platform that gives you a level of comfort, use the platform to store/publish your vehicle history, and relevant documentation.
Will impact the valuation, and history of your vehicle. You might as well use technology to your advantage.
When the time comes to sell or trade your vehicle, and ideally there should be balance of factory warranty remaining to maximize the value (CPO is gaining momentum). Yes...it might only be half way through the finance term, and there will be a deficiency.
You can provide a link to a comprehensive history, documentation of your vehicle with timelines, and photos.
Do you think that it will positively influence a prospective buyer? Your history, documentation, photos become a negotiation tool. Making the sale easier for you, while maximizing the value of your vehicle?
Care to share your opinions/thoughts...leave a comment.
The unveiling of the new inline 6 cylinder K1600 GTL with Jay Leno at the Big Dog Garage, this bike has a myriad of innovative features, central locking, adaptive headlamp, to name a few...very cool.