It’s been said that timing is everything.
But did you know that it applies to when to sell your car as much as it does to telling a good joke? It’s true! While these past few years have seen some of the highest prices ever for used cars, the question remains: will these trends continue? Getting the timing right could be the difference between getting the best deal or leaving thousands on the table.
Like with home buying, there are times when it’s best for car selling and for car buying. Due to the global supply chain challenges, these past 18 months have been a seller’s market. Used cars are appreciating in value and sometimes going for half or close to their original purchase price. But, if you sell your car, would you still have the means to get around? Just because the market is leaning one direction, that doesn’t mean selling your car is the best decision for you. Keep on reading to learn the most popular reasons when others sell their car.
Sell When the Time is Right for a Replacement
Unsurprisingly, the most common time drivers sell their current car is when it’s time for a replacement. Whether it’s because their current car is run-down or they have the extra cash to get the next car they want, drivers sell their current ride when needed. Most of us don’t need multiple cars and having this redundancy could eat up money on the budget on repairs, maintenance, and insurance expenses.
Sell When Repair Costs Are Eating Your Budget
Cars are meant to be used. But some of us use them a bit more than others. We all know that cars require regular maintenance, but some don’t stand up to the wear and tear as well as others. In fact, even if your car is paid off, it might make more financial sense to sell your vehicle and resume a car payment on a different vehicle.
For example, how much are you really saving when your paid-off car regulars repairs and maintenance? It can be tough to save if your car drains your bank account in more ways than just gas. If the amount you’re spending on maintenance eclipses, or comes close to, how much you would pay for a new vehicle, it could be time to think about selling.
Sell When You’re Facing Financial Pressure
A common question we get from our customers is whether they need to pay for a major service overhaul before selling their car. Very often, our answer is no. Unlike investments you make in your house or property, it’s unlikely you’ll see a return on your investment for major vehicle repair. Replacing an engine, repairing a transmission, or installing new airbags are costly repairs that only eat away at your budget.
That’s why, before you invest in a major repair project, talk to us first. We’ll examine the car and see how we can best help you. Our offers are no obligation and are valid for seven days. You can click here to receive your offer and learn how we can help you make the right decision on when to sell your car.
Sell Before You Hit Milestones
What’s the difference between seeing a price for $99.99 and a price for $100? Answer: you’ll think the first one is a significantly better deal than the second. In reality, there’s only a penny’s worth of difference, but our minds often look past this and perceive it as much lower. The same applies to your car’s odometer.
Think about it this way. If you’re looking for a new-to-you car, would you rather get a car at 49,500 miles or 50,000 miles? Or 99,500 miles or 100,000 miles? The closer you get to a major milestone on your vehicle’s odometer, the less you could receive for it. If you’re getting close, now could be the best time to sell.
Are you interested in selling your car? We’re here to help! Before U Trade is car selling made simple. If you’re wanting to sell or trade-in your car, our free, fast, and no-obligation process is here for you. Click the button below to learn how you can receive your offer today!
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