When is the Best Time to Sell My Car? | Chamblee GA | Near Atlanta, Alpharetta & Gwinnett
Best Times to Sell Your Car in Chamblee, GA
Let’s say you’re thinking about cashing in on your model and selling it to us at Curry Honda, but you may be wondering if it's a good time to sell. Are there better times than others to sell your car? Is there even such a thing as a bad time? Those are great questions, and our team hopes to answer them in our short guide. Many of our customers from all over Georgia are wondering the same thing, so we collected a few indicators that say it’s time to sell your car. You may be surprised at how many are applicable to you — after all, we’ve seen some high trade-in offers for used models lately. Consider these factors below when deciding whether it’s time to see your car, truck, SUV or hybrid!
When is the Best Time to Sell My Car?
1. Before You Need to
Don’t wait — sell your model before it becomes absolutely necessary. Why? You could be forced to compromise on your model’s legitimate value during negotiation because of your rush to secure the buyer. Plus, there’s a higher chance that you’ll make careless mistakes when you’re filling out paperwork, which could cost you even more to fix. Sell your model before you need to, and avoid hitting a depreciation level so low that it’s no longer valuable.
2. Before a New Model Year Starts
When 2023 rolls around and the latest lineup from Honda is released, all previous years’ value will drop in varying degrees. That means your current Honda (or other brand) won’t be worth as much when the new year starts. Avoid getting less for your model and sell it before the new model years’ lineup is released.
3. Before Significant Mileages Hit
What do we mean by significant mileage? High numbers, like 100,000, 150,000 or 200,000 mileage markers. We know — and you know — that there isn’t a significant difference between a model with 149,999 miles and 150,001 miles, but once your car has crossed over those thresholds, it does become harder to sell. Buyers may think it’s worth less, so sell it before those significant mileages hit.
4. Before Your Next Major Service Interval
You may be thinking about your overdue oil change, but what we mean by your vehicle’s next major service interval is the recommended services listed in the owner’s manual. If you’re closing in on your model’s 10,000-mile service, try to list and sell your car before it’s overdue. Don’t put off major repairs, just sell it before it’s time to schedule a service appointment.
5. When Repairs Costs are Killing Your Budget
Do you drive an older model with exceptionally high repair costs? It’s probably time to sell, especially if they’re basically a monthly payment. Maintenance costs on newer models will be much less frequent and parts will be easier to find and order. Trade your pricer, older car for one that has a much higher value!
6. When You're Not Upside Down
Owing more than what your car is worth is called upside down, and it’s not a great position to be in. Even if you decide to sell the car, you’ll still have to pay the difference to your lender. With the price of used cars rising, the value of your car may be increasing (great news). It’s a good idea to know how much your vehicle is worth in coordination with what you still owe.
7. When You're in Danger of Defaulting on Your Car Loan
Two words: Get out. Your credit score is at risk, so if you’re faced with the decision of selling your model or defaulting on a car loan, you should sell. If you default on your auto loan, it would make your next loan extremely expensive (if not nearly impossible to get another car loan for close to a decade).
If you have any questions about your model specifically, contact us online or give us a call! Curry Honda is located at 5525 Peachtree Industrial Boulevard, Chamblee, GA 30341 serving the automotive needs of our neighbors from Atlanta, Alpharetta and Gwinnett. We can't wait to help you drive away with an exceptional cash offer!
*For more information, please visit this article from the U.S. News and World Report.
