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When is the right time to sell your car?

Saying goodbye to your old car

Saying goodbye to your old car

Cars are a good investment but also hard to let go off. Nicole Lyons once said,” life is just a slide, back and forth between loving and leaving, remembering and forgetting, holding on and letting go.” Things lose value and before they do you have to let go of that red mustang you love so much. The purpose of this is to avoid a situation whereby you stuck with an old hunk. That is no longer of use to you.

With cars you really don’t want a situation when you have to settle for less simply because you could not let go. For some, they just want to break even because a chance for them to really make a profit out of that car would no longer be an option, because of a number of reasons. This is why you have to consider the following factors when putting your car on the market.

Market demand for cars

First and for most, the most important thing is to look at the demand rate. The rule of demand says that the higher the demand the higher the price. And this is a benefit to you. We can give comparisons of the Toyota Tazz. It has a higher demand and because of that, it is priced high than a brand new Citroen C2. So not only will you make a break-even but also have some change left.

The color of the car also goes a long way. Most people do prefer white cars. This is because they do not show scratches which is the total opposite with cars of color. But also it depends on the make of the car. Some cars look good when they have other colors that are not white. Color does play a big role.

Cars depreciate!

Cars start depreciating the very second you buy them. A number of factors do influence this, wear and tear on cars is very common. The major cause for this action being the weather. Before your car is put on the market these are crucial matters that are looked into by the buyer. The condition of what you are buying is the most important factor. They will also look at the mileage and the age of your car.

Nothing in the universe can stop you from letting go and starting over. Don’t wait for a long time to let go of your car and get a new and better one!

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