Your car is one of your most valuable investments, which is why you should keep all of the repair records from your vehicle.
Its like going to the doctor, but for your car… When you go to the doctor, they likely will keep a medical file of the history of what has happened to you, and you certainly should do the same with your car.
But why do I need to keep them?
Two words, resale value. Resale value is extremely important when selling your car and upgrading to that new model you have been eyeing. When you put yourself into the perspective of the buyer, having a well-maintained vehicle gives assurance that the vehicle has been taken care of and increases the value when you sell the vehicle. Maintenance records are very important (including basic oil changes) and should be kept with the vehicle to prove that it has been maintained.
Warranty Coverage – Keeping updated records could come in handy and save you thousands.
Insurance is another reason to keep your records together. Most warranties, whether they are aftermarket or from the manufacturer, require that you keep a record of your regular maintenance to be covered by certain component failures, like engines and transmissions.
An easy way to remember to keep your vehicle records is to put a large envelope in the vehicle and place any receipts for repairs/maintenance in the envelope once completed. That way, you are not rummaging through receipts at a later time when you decide to sell or trade off your car for that fun new model.