The Best Time to Sell Your Car
There comes a time that every car owner must face sooner or later, and that is whether or not to sell their car. Even if you absolutely love your car, there will probably come a time when you have to let it go. Whether it’s getting old, you’re moving to a new country, you have your eye on a newer car, or your wife demands you get a family vehicle, you will eventually have to decide whether to sell your car or not. If you haven’t sold a car before, don’t worry, this guide will help you get through it.
Why should I sell my car?
The first step in selling a car is to determine if you should sell your car or keep it. There are several common reasons to sell a car:
Major repairs are needed
Repairs can be expensive to the point that it is not worth getting them done. This especially the case for older model cars. If a car is not worth fixing, it might be time to sell it.
Safety Recalls
Recalls are a pretty frequent occurrence in the world of cars. Normally, this is a straightforward process; the dealer alerts you that a safety issue has occurred and will recall the car to fix it free of charge. But if you no longer have faith in the vehicle or the manufacturer, then maybe it is time to sell.
Classic car price is rising
Classic cars belong to their own specialized category as far as car value is concerned. They are one of the few cases where a vehicle’s price actually has the potential to rise as it gets older. Selling a classic car can net a hefty profit under the right circumstances.
You’ve decided to sell, but what now?
After you’ve made up your mind to sell your car, the next step is to make sure you’re selling it under the right circumstance. Getting the most money for your vehicle is all about choosing the right time to sell. You want to pay attention both to the mileage and the time of year.
What mileage is ripe for selling?
Every vehicle is different, so you should research at what point your car becomes too old to drive. Generally speaking, though, the fewer miles on a car, the more you can sell it for.
Best time of year to sell
Early spring and late summer (March-August) are the best time of year to sell a car. This is typical because people receive their tax returns in March, and the good weather makes for good driving conditions (road trips!).
What can you expect to make selling your car?
There are a lot of factors that affect the price of a used vehicle. If you don’t know how to price a car to sell, start by getting an appraisal. There are many resources for this, such as Kelley Blue Book, Edmunds, Hagerty, etc.
It is important to note that the sale price has a high chance of being lower than the appraisal price, however, due to depreciation. Depreciation is an accounting tool utilized by car appraisers and dealers to determine a vehicle’s value post-sale.
Cars begin to depreciate in value the moment they leave the lot, which is why it is important to sell sooner than later. Certain cars, like sports cars or electric cars, suffer from extreme depreciation and may be worth only a fraction of the original price by the time you decide to sell. Check with the appraisers to see how much your car depreciates each year.
To trade or sell, that is the question
Many people struggle to determine if it is better to trade in or sell their cars. Generally speaking, it is often better to sell your car instead of trading it in. It is not uncommon to get less for the trade-in then you would for the sale. You also may not get the exact type of car you want on the trade-in, which can lead to repeated trade-ins and losing more and more value on the cars.
Dealers are also not in the habit of trading in a car with problems. If they do accept a damaged car, it will often be for a fraction of the car’s estimated value. You can read more about getting cash from dealerships here!
Selling your car yourself is generally more profitable, but it is also more time consuming, and more of a hassle. Private buyers will always want to get the most for their dollar and will be reluctant to pay well for a damaged car. You may also have to pay for a mechanic to inspect and certify the vehicle.
Avoid the hassle and sell your cars to Copart Direct where anytime is the best time to sell your car!
Sometimes the best option is to avoid the hassle and use a middleman who can help you cut through the red tape. Copart Direct will buy your car whether or not it's running, regardless of the mileage, and the condition. It has a complete service that will give you a fair offer, and pick up your vehicle for free, making it as easy as possible to flip your vehicle.
Using our service is the best way to sell a car yourself, and avoid having to ask yourself tough questions, like which age is the best age to sell a car, or how long should you keep your car before selling it.
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