Car enthusiasts often enjoy customizing their vehicles. However, there are hidden drawbacks to consider. Car modifications can negatively impact the car’s resale value. Before making changes, it is essential to consider the potential issues.
While car modifications can enhance the appearance of a car, they can also lead to financial losses, especially when the owner decides to sell the car.
Modifying a car can lead to insurance problems. If you have a car insurance policy and then modify your car, the insurance company might deny coverage. In most cases, car owners don’t inform their insurance companies about modifications to their cars which might lead to a rejection of any future claims.
Modifications can also void the car’s warranty. This means the owner would be responsible for repair costs if any mechanical issues arise.
Moreover, modifications often lead to a decline in resale value. Some buyers may be hesitant to purchase a highly modified vehicle due to performance concerns, potential legal issues, or a preference for original factory condition. Even minor changes can reduce the car’s resale value.
It is important to be aware that certain modifications are illegal in many parts of India. You could face substantial fines, car seizure, or even registration cancellation.