Buying a New Car in 2025? 3 Things To Do Now To Protect Your Investment Later
Written by
Laura Beck
Edited by
Amber Barkley
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.
20 Years
Helping You Live Richer
Reviewed
by Experts
Trusted by
Millions of Readers
So you’re about to drop some serious cash on a new ride? While cars almost always end up selling for less than you bought them for, there are ways to protect their value and save money in the long run.
Auto expert Chris Pyle from JustAnswer has some real talk about protecting your investment from day one.
Also, learn about the common ways people destroy the value of their cars.
Get Smart About Insurance
Here’s a reality check from Pyle: “Most new car owners are upside down on day one.”
That means if something happens to your car, basic insurance might not cover what you owe.
“Make sure you have the right car insurance that will pay out the correct replacement value in the event of a full loss,” he said.
Think worst-case scenario, then insure for that.
Protect It Inside and Out
“If the seats and floors are carpet and fabric, look into Scotchgard to prevent stains,” Pyle said.
But protection isn’t just about the interior. His parking tip? “Get on your walking shoes. Park farther away from the retail store door to hide from door dings and shopping carts.”
Those extra steps could save you from costly body work.
Set Some Ground Rules
Pyle’s most hardcore advice might be his most important: “Make a rule for yourself and others. No food and only bottled water in the car.”
Sounds strict? Maybe. But so is paying for repairs or an extensive clean-up that could’ve been avoided.
Get To Know Everything About Your Car
While you’re at it, “read the maintenance manual and actually do the steps as the manufacturer lists,” Pyle said.
That little book in your glove box? It’s basically your car’s survival guide.
More From GOBankingRates
