When should you sell your old car and buy a new one?

When should you sell your old car and buy a new one?

We Buy Any Car Review  suggests that no matter how expensive and out of fashion your car is, there is an established market for it. Are you wondering when the best time is to sell your old car and buy a new one? Then read about web2carz and get your curiosity settled. In this post, we’ll help you understand the perfect timing for selling your car alongside the factors you need to consider before selling the car.

The fact is that there are different ways to answer this question. It’s not a general answer because the answer depends on so many factors such as:

The age and condition of the car

This is one of the main factors that come to pay when it comes to knowing when to sell your car and buy a new one. Is your car old and having mechanical faults consistently? You might want to consider selling it and getting a new one. Again, you must note just because your car is old does not automatically mean it’s time for you to sell it off and buy a new one. It also depends on many other factors.

If it costs you more to maintain than its original worth

Whenever you notice you’re spending more money to maintain your car in terms of repairs and changing spare parts, then it’s time to consider getting a new car. In this case, you can decide to sell the car, add money to buy a new one.

A survey conducted by a US-based automobile firm revealed that 80% of Americans sell their car and buy new ones when the old car starts developing mechanical issues and costing more to maintain.

Time to sell the car

After determining that you want to sell your old car and buy a new one, you need to know the perfect time of the year best for selling the car because timing is everything. For some time now, people have been trying to figure out whether there’s a particular time of the year that’s best for selling cars. In the final analysis, it’s somewhat difficult to really figure out the best time because so many factors are involved, but some general rules are taken into consideration.

  • Spring summer effect-The prices of used cars generally rise during summer and spring (between March to August) and start dropping towards the holiday season as people tend to want to spend their money on gifts rather than cars.
  • Winter and fall effect-Depending on your state of residence, 4x4s and SUV cars sell best in winter and fall months.
  • March and September- For some obvious reasons, these two months are the months where lots of people decide to trade new brands. It’s the period where there are lots of used cars in the market. Selling your car within this period will be easy because there’ll be less competition.

It’s not unusual for car owners to ask themselves when I sell my car. We’ve provided you with this short but concise post to help you answer this question from different angles. We hope you got value for your time. Leave a comment below.