Selling A Modified Car?
Below are the main considerations buyers take into account before purchasing a modified car.
All cars typically come with a warranty, and many are sold with a service plan, which may include more extensive coverage for higher-end models. However, modifications to the vehicle can void these warranties and service plans. If the car is still under warranty, any modifications could make the warranty invalid, potentially negating the benefits it would have provided.
Insurance companies make certain assumptions when you take out a new policy with them. As far as insurance companies are concerned, your car is exactly as it came from the factory. If the car is heavily modified and not declared, you run the risk that insurance will not pay out in the event of an accident. As well running the risk of a higher insurance premium due to having a modified car.
Performance modifications will generally make your vehicle less reliable in the long run due to the additional strain endured by its various components during higher speed, acceleration or ‘extreme’ usage over the years. With this in mind, buyers then have to judge whether the car has been modified professionally or not. In many cases modifications are done by the owners at local garages and not at official modification specialists, further lowering the reliability of the vehicle and casting further doubt in the buyer’s mind.