More than 40 million used cars are sold each year by dealers in the US.
But where are all these used cars coming from? They come from drivers just like you who are ready for an upgrade. When it’s time to purchase a new car, most people trade-in or sell their old one in the process.
But when is the best time to trade in a car? Keep reading to learn 4 of the best times.
1. When It’s Still in Good Condition
The best time for selling a car is when it’s still in good condition. This will ensure that you still get a decent amount of money from your asset.
To get the most money possible, consider a private sale first. List your car for sale online and put a for sale sign in the window. If you can’t find a buyer, then you can use your car as a trade-in to purchase your new one.
Before you go into a dealer, research what your vehicle is actually worth. That way you know if you’re getting a good deal or if you’re getting ripped off.
2. When It’s Costing Too Much to Fix
Have you noticed that every time you get in the car another warning light seems to pop on? If you’re wondering when to sell your car, look at your recent mechanic bills.
If your car is costing you more in repairs than it’s worth, it might be time to move on. Instead of just putting more money into a vehicle that’s going to need something else fixed soon, invest in a new car.
3. When It No Longer Fits Your Needs
Sometimes the best time to trade in a car is when it no longer fits your needs.
The most common example of this is a growing family. Your two-door sports car may have been the perfect purchase for your 20s, but now you’re ready to add a few children to the family. You’ll need to buy a larger, safe vehicle to fit all those car seats!
4. When You’re Due for an Upgrade
Does your car still play cassettes while all your friends play their own music via Bluetooth? Do you still have to physically roll down your window every time you want a little fresh air?
If so, it might be time for an upgrade. If you can afford a new car, there’s really no reason not to purchase one — you deserve it.
Take advantage of all the new features on the market today. You could have a car with a remote start, parking cameras, or even a heated steering wheel.
So When Is the Best Time to Trade in a Car?
Knowing when is the best time to trade in a car can be a difficult decision. Ultimately it just comes down to feeling like you’re ready to move on and find a better vehicle.
Once you find your new vehicle, it’s time to go on a road trip to enjoy it! Visit the travel section of this site for advice on where you should visit first.