A car without a service history is worth 20 per cent less – TRUE

Extract - It might sound obvious, but in a recent survey carried out by tootle.co.uk, 28 per cent of 1,000 UK adult respondents claimed they didn’t know a car would be worth less if it was sold without a service history.

And stamps in the service book are not enough, Mike says. 'Any potential buyer will want to see full details on the service history - and if you don’t have them, it puts the buyer in a great position to knock you down on price. 

'Without proof of the service, the vehicle will be considered to only have a partial service history - it's best to get the service book stamped by the dealer/mechanic but also keep the invoice for the works to show which items have been inspected at each service.'

A full-stamped up service book is reckoned to be worth as much as €1,500 at resale time, depending on the car.

Extract - Speaking of spending money to save money, don’t skimp on maintenance. One of the great joys of buying new cars at the moment is the plethora of inclusive service packages out there. For a piffling few hundred euro extra at purchase time, you can have your standard servicing costs covered for as much as five years in some cases.

That’s both a saving and a weight off your mind, not to mention that you’re basically guaranteeing the car will be well maintained for its life with you, and will therefore be worth more come re-sale time. The day you buy is the day you sell, of course, but so too are the days when you service.

A full-stamped up service book is reckoned to be worth as much as €1,500 at resale time, depending on the car.

Cars with a full service history are rare in this country - find one with a comprehensive record and you are winning.

Extract - Don't be alarmed, but equally don't pay too much attention to the plate.

With €5,000 it is much better to concentrate on other attributes including mileage, condition and service record.

Cars with a full service history are rare in this country - find one with a comprehensive record and you are winning.

Finding out whether or not your shortlisted car has a full service history or a warranty in place is one of the most important aspects to take into account.

Extract - "It is especially important for those looking to buy a used car to do some research online regarding the average value of the car they are interested in buying. Finding out whether or not your shortlisted car has a full service history or a warranty in place is one of the most important aspects to take into account.

"When buying a used car, you want to know that the previous owner showed it the attention it deserves — as recommended by its manufacturer — and you will be covered for future expenses," Cassel says.

Car 'clocking' cheats buyers out of up to €60m a year

Extract - The practice of winding back the odometer in cars is still 'widespread' here despite being criminalised in February, it is claimed. According to research from car-history check experts Motorcheck.ie, the scam is costing unsuspecting buyers between €40m-€60m a year in inflated car values.

BCA data shows a service history can add up to 10% on used light commercial vehicle values

Extract - New research from BCA, the UK and Europe’s leading vehicle marketplace, underlines the importance of a service history when it comes to selling used vans.

BCA researched price performance for a ‘basket’ of 5,000 LCVs that went through its sales earlier this year, comparing the price achieved against industry guide values for vehicles sold with a full service history to those without.

Up to ten per cent price improvements were recorded for vehicles with a full service history, with this factor increasing in importance on older vehicles.

Digital servicing record adds value

Extract - Cars with full service histories are worth more and are easier to sell, according to new research carried out by ICM Research- which shows that a full service history on a car could increase its value by 26 percent.

"DSR replaces the traditional service record book which sits in the glovebox for 364 days of the year, emerging once every 12 months to be stamped when the car has its annual service," explained David Wilson-Green, Aftersales Director at Mazda UK.

The firm recognizes that the most valuable feature a used car can have (aside from the obvious make, age, mileage and condition factors) is a full service history. 

Extract - Tootle.co.uk questioned 1,000 people in the UK who have sold a used car in the last year. 

The firm recognizes that the most valuable feature a used car can have (aside from the obvious make, age, mileage and condition factors) is a full service history. 

Its survey showed that 76% of women naming service history as important to a used car’s value vs only 67% of men.

Missing or incomplete service history can decrease its value by as much as 10 per cent.

Extract - 'According to a recent tootle survey of 1,000 people, 28 per cent of us don’t realise that a full service history adds value to our car — while at the other end of the scale, missing or incomplete service history can decrease its value by as much as 10 per cent.

'If you have full service history - especially if it’s from franchised dealers - make it clear you know this adds value when you’re negotiating.

A full service history gives potential buyers peace of mind. So remember to keep all your car documents including service records and receipts safe and in one place

Extract - Service history – the more complete this is the better. The service book should have stamps or receipts showing servicing in line with the manufacturer’s recommendations.

Maintain your car well – a full service history gives potential buyers peace of mind. So remember to keep all your car documents including service records and receipts safe and in one place.

Key factors affecting the value of your car

Extract - A full service history where each scheduled service has been stamped in a service record book makes a big difference in values.

For some cars, missed services are pretty much a deal breaker – a Porsche or high end BMW without a full service history would be a very difficult car to sell.

Full service history and car resale value

Extract - Research has indicated that a figure of £1,500 is a likely bonus that drivers can expect when it comes to selling their car with a full service history behind it.

Knowing that a used car has been consistently checked by expert technicians gives peace of mind to buyers, who are then willing to spend that little bit extra on a vehicle they know will last them for the duration.

Full service history and car resale value

Extract - Keeping tabs on your service book. Although this impressive figure (€1,500) sounds great, it's important to make sure you've got the stamped service book to hand over to the person who buys your car from you.

It's using this book that you can prove the car's service history, and allow the buyer to continue your worthwhile efforts by keeping their own service history.

Guaranteed Future Values leading to Car Clocking

Extract - Always check the service history in the service book and ensure the mileage stated adds up with the servicing parameters. Also ensure that the stamps are genuine, if necessary contact the dealer whose stamp is in the book for verification.

The importance of a service history

Extract - An NCT certificate – beware of fakes – proves only that a car is generally roadworthy.

It does not guarantee that the engine is not ready to blow up or that the car has not been crashed and then repaired. Value a car’s service history (yet again, beware of fakes).

What’s The Value Of Having A Full Service History

Extract - People rarely keep cars forever and selling yours so that you can buy a newer model is an inevitable part of motoring. However, with a full service history your car is worth considerably more when you come to sell it.

You’ll also find it much easier to sell when you do advertise it because the full service history will appeal to all buyers.

Furthermore, a full service history gives peace of mind to anyone who may consider purchasing your car from you in the future. It’s win-win.

Incomplete service history wipes a fifth off the value of a used car

Extract - After buying somewhere to live, purchasing a car is probably the second most expensive thing that most of us do.

Investing so much money means that you’ll want to know how that car has been treated and one of the best ways to do that is to check its service history.

All of those reassuring ink stamps in the service history book provide at least some peace of mind that the owner has sought to keep the car in the best possible condition while also satisfying warranty requirements. So much peace of mind in fact, that you’d be prepared to pay more for it.

Turn that scenario on its head, with you the seller rather than the buyer, and it quickly becomes apparent that keeping up to date with servicing is one way of ensuring that you’ll get the best possible price when the time comes to trade your vehicle in.

According to research by Kwik-Fit, having an incomplete service history typically reduces a car's value by 19%, which - based on the average sale price of £7,706 in July 2014 - is equivalent to £1,464

Furthermore, a Kwik-Fit survey shows that 45% of motorists would not “even consider” purchasing a second-hand vehicle without a complete, fully stamped, service history

Missing service history could cut 19% off a car's value

Extract - This survey carried out by ICM quizzed a nationally representative sample of 2,003 car owners and discovered that the average used car without service history could be worth as much as £1,464 less than an equivalent car with a documented history

The Value Of A Service Stamp = £1,500

Extract - A new study reveals that those drivers who put off having their car serviced to save cash could be costing themselves more money in the long run.

Research commissioned by Kwik Fit shows that a full service history on a car could increase its value by 26%. With the average used car selling for £5,5002, the findings indicate that a fully stamped service book could be worth up to £1,500 - over £10 billion to the used car market annually

The Value Of A Service Stamp = £1,500

Extract - Many motorists don’t see any value in the smoked glass and comfy chairs of a main dealer. Over 10.5 million (32%) drivers say they place the same value on a service history from an independent garage as they do from a main franchised dealer.

David White, customer services director at Kwik Fit, said: “It’s accepted that a fully stamped service book will increase the re-sale value of a car but this research has been able to put a figure on it: £1,500 is a significant number and makes a big difference to the value of a car when an owner comes to sell. For a more expensive car 26% will equate to a very big number indeed.

Motorists with one or two stamps missing should bear in mind that some services will still carry a premium over none at all, particularly if they’ve been carried out more recently.

The research also highlights that the gap between the perceived benefit of a dealer over an independent servicing centre is closing. Drivers don’t need to pay main dealer prices to maintain their car’s peak value.

Digital Service Records

Extract - It enhances value. Your Digital Service Record details the services and inspections completed on your car. An up-to-date record enhances your car’s resale value because the buyer can easily check the trustworthy and accurate service history.

It's secure. If you’re a prospective buyer or looking to sell, it’s good to know that the data is securely stored in a central database. This means you don’t have to worry about losing it and more importantly it avoids fraudulent entries. For example, as the service history includes the current mileage with each service entry, it would be easy to spot if an odometer that has been tampered with.

It's convenient. You will receive Service Reminders that are tailored to your driving patterns to ensure that you don’t miss a due service.

The value of a full service history

Extract - Not having a full service history can wipe almost a quarter off the value of a used car, but beware of fakes.