The Sweet Spot: Discovering the Best Time to Sell Your Vehicle
Have you just made your final Vehicle 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 Vehicle seems a bit lackluster in comparison? Don’t worry – you don’t need to take out another Vehicle loan to upgrade. Instead, consider selling your Vehicle 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 a Vehicle online at the best price.
Your Vehicle’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 vehicle 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 vehicle sales tend to increase during the summer, particularly in June and July.
If you plan to sell your vehicle online at the best price, this is definitely a time to pay attention as your vehicle price can rise by 10% to 15%, thanks to the high demand.
Vehicle Make and Model
Whether it’s a sedan or hatchback, all vehicles lose their value over time as you continue to use them. And even within the same make and model, there can be significant variation in how quickly different vehicles depreciate. By taking the time to understand how your vehicle is likely to depreciate, you can make informed decisions about when to sell.
Vehicle Warranty
Do you know that your vehicle 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 vehicle 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 a vehicle online at the 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 vehicle, and with millions of potential buyers browsing our site, you can be confident that your vehicle will sell quickly.