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When Is The Best Time To Sell Your Old Family Car?

29th Mar 2017

Image by tapemaker via Flickr

If you listen to the experts, there are good times to both sell and buy cars which will help you to get the best deal possible. If you are looking to purchase a new vehicle for the family then there are interesting articles online on choosing the best time to buy. Before you can buy a new vehicle, you will need to sell your old family car first. Choosing the best time to sell your car is critical to ensure that you get the maximum amount of cash for it, so here is some advice to help you with your decision.

New Or Second Hand

As soon as you buy a brand new family car, you will lose a lot of value in depreciation. It is often more economical to purchase a car that is one or two years old, as opposed to a new one. With cars as old as this, they will still most likely have something left of the original manufacturer’s warranty, and if you are selling privately, it is often a good idea to sell your old car before this expires. When you are selling to a company, this is less important, so it depends on whether you are going to use a service similar to the one provided on, or find a private buyer.

At The End Of Your Finance

If you have any outstanding finance on your car, then you will want to pay this off first before you look to sell your vehicle, especially if selling your car privately. Selling a car that still has finance outstanding can be more complicated, and delay a sale from being completed. If possible, you should look to sell your vehicle once you have finished paying for it which will also make it easier to get a loan to put towards a new family car!

Before It Dies

Of course, it is easier said than done, but if your car is not in full working order when you look to sell it, you will not get as much money for it as you would if it was in full working order. If you sell your vehicle before any major failures appear, it can end up saving you a considerable amount of cash on repairs. If you maintain your car well and take good care of it, as well as drive it correctly, your car should run smoothly. As soon as you start to notice any major differences, it may be time to change it!

After A Service

If you are selling privately, then you should make sure that the car is given a full service, and if need be, also change the tires before you look to sell it. By doing this, it will make sure that your family car is running well when any potential buyers come to check it out. It also shows then that the vehicle has been looked after and helps to give the customer some peace of mind. Make sure that, before anyone comes to look at your car, you also give it a thorough clean inside and out, and it is much more likely to sell quicker.

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