Best time to sell a car?
Millions of drivers are faced with the same question every year: Have another repair done or part with their old car? We’ll give you the right advice and lots of tips on when to buy a car and how to get the most money out of your old car.
If you look at the average loss in value of a car, you can see the following: Immediately after the initial registration, the residual value plummets and after about two years goes into a steady descent. The figures show: Anyone who replaces their new car after just five years is doing pretty bad business , a loss of around 65 percent speaks for itself. For comparison: in the following five years the total loss in value is only 25 percent.
Repairs are usually worthwhile even for older cars
At some point the repair costs rise noticeably. For many car owners this is an occasion to think of a new one. A typical mistake in reasoning, experts observe, because: Even if it costs nerves and money, repairs for eight-year-old cars usually cost a few hundred dollars. If it becomes significantly more expensive, it is worth doing the math. Because: Repairs do not increase the sales value of the car.
The rule of thumb is: if the repair is more than half of the residual value, it is better not to repair the damage, but to sell the car. If you still put a lot of money into the old one, you should really keep it to the bitter end.
Seven tips for selling a car
Selling a car – a tricky business. You can only get a fair price and make a legally secure sale with appropriate preparation and taking into account some advice. These seven tips will help sell a car.
1. Good condition
Your car should be in perfect technical condition for sale. The technical condition of a car can be certified in a car workshop or in ADAC test centers. Defects in beauty that unnecessarily depress the price should be corrected. Ideally, the rims should be cleaned, scratches in the paint removed and the car polished before it is sold. It also cuts a fine figure in photos.
2. Where to sell?
The quickest way to go is the dealer, but you won’t get the best price there. If you sell a car privately, you can make more money. For this purpose, advertisements can be placed online or in the newspaper. In addition, a printed advertisement can be hung up in the car. Passers-by can see that you want to sell.
3. The value of a car
A good starting point are similar used cars that are also comparable in terms of engine type, year of construction, mileage and equipment.
4. The perfect ad
The car’s equipment should be specified as precisely as possible. A short, meaningful text emphasizes the advantages of the car, for example: well maintained, a few kilometers, extensive equipment, special rims, etc. In the description, however, defects and damage are clearly stated. Information on when the last main inspection was carried out is mandatory. If the car was in the workshop shortly before it was sold, this should also be stated. Details like new brakes add value. Many pictures give potential buyers a good impression of the vehicle.
You can find information on frequent scams when selling cars here .
5. Meaningful photos
A picture is worth a thousand words: For good photos, your car has to be clean and the paintwork has to be polished. Photograph the car from different perspectives. Some detailed recordings should be made of the interior, as well as high-quality equipment details and the mileage. If the car has defects, they should be photographed. That is honest and creates trust with the buyer.
6. The test drive
You should take a potential buyer for a test drive. To do this, make sure with your insurance that the potential buyer is also insured. Before you start, you should have the buyer’s license shown to you. Take the test drive with us or get a deposit for the duration of the test drive.
We offer car removal Newcastle wide and buy from any brand including Toyota, Mazda, Lexus, Honda, Peugeot, Isuzu, Hino Holden and much more.