Have you just made your final car payment and want to savor that feeling of financial freedom? But what do you do when the newest model rolls onto the scene, and your current car seems a bit lackluster in comparison? Don’t worry – you don’t need to take out another car loan to upgrade. Instead, consider selling your car to someone who would appreciate it just as much as you did. But before putting up a “for sale” sign, make sure your timing is just right. By choosing the best time to sell, you can maximize your profit and get the most value out of your vehicle.
Here are a few tips for figuring out the ideal time to sell car online at best price.
Your car’s mileage
Please note that some potential buyers may be hesitant to purchase a vehicle with high mileage, which could impact its resale value. So, if your car is nearing the 100,000-mile mark, it’s a good idea to start exploring your options sooner rather than later to maximize its value. By finding a buyer before the odometer hits six digits, you’ll be in a better position to negotiate a fair price for your ride.
Time of year
As the temperatures rise and the days get longer, the demand for used cars in the US increases too. For many, summertime means hitting the open road and exploring new destinations, which often requires a reliable set of wheels. As a result, it’s no surprise that used car sales tend to peak during the summer months, particularly in June and July.
If you plan to sell car online at best price, this is definitely a time to pay attention as your car price can rise by 10% to 15%, thanks to the high demand.
Car make and model
Every vehicle will eventually lose value over time. Take luxury cars like Mercedes, for example. They tend to depreciate faster than more modest vehicles. And even within the same make and model, there can be significant variation in how quickly different vehicles lose their value. By taking the time to understand how your car is likely to depreciate, you can make informed decisions about when to sell.
Car warranty
Do you know that your car’s value may dip after its manufacturer’s warranty expires? It’s true! As soon as the warranty runs out, the next owner will be responsible for any repairs or maintenance, which can be a significant financial burden. That’s why you should consider selling your car before it reaches the mileage or age limit on the warranty. Both dealers and private buyers see immense value in a vehicle that’s still under warranty, so strike while the iron is hot and maximize your returns!
Ready to sell? We can help.
If you want to sell car online at best price and upgrade to your dream vehicle, your search ends here. At Lozier Motors, we make it easy to determine the ideal price for your car, and with millions of potential buyers browsing our site, you can be confident that your vehicle will sell quickly.