Ways You Could Tell When It Is Timely To Sell Your Vehicle
People develop strange attachments to their old vehicles
. Sometimes, a vehicle may serve as a happy reminder of first dates, funny mishaps, and the family vacations of yesteryear. However, the time inevitably comes when owners must say goodbye to their old jalopy, and promote the cars for sale. If cars show significant structural damage, and repairing the damage will be more than buying a new vehicle, then selling will be the right option.
Rust problems are a good sign that it's time to sell a vehicle. Despite the fact that vehicle workmanship, undercoating, and paint have improved significantly, a used car that faces wintry conditions, or which travel over rough roads, will inevitably show signs of rust. If rust spots push through the paint, the wheel wells are probably in poor shape, and vehicle damage may be irreversible.
Major engine problems should convince an owner to sell. When an engine rod is knocking, or gas mileage suddenly drops, the car will need significant engine work. Owners will pay for an engine rebuild, which may or may not be successful.
If needed repairs compromise safety, owners must consider selling. Brake lights and oil lights, and temperature gauges which are running hot, are immediate indicators of problems which could compromise safety, if not immediately addressed. Also, minor problems with parts like tie rods, brakes, seat belts, airbags, and ball joints may all add up, in terms of both expense and safety risk.
Sometimes, changes in lifestyle may mean purchasing a new vehicle. A growing family will not fit well in a compact car, so owners may need to trade in for a family sedan. Or, the family budget may not be able to accommodate the old gas guzzler, so owners may need to invest in a car with better gas mileage.
A repair versus buy calculation will help owners come to a decision. Owners should write out the cost of repairs, and the amount of time they expect the car to last. Then, owners should write out the cost of new car payments, and compare the two totals. If the cost of repairs, plus the aggravation and time wasted in the repair shop look like to much, then owners should consider selling their vehicle.
Owners must consider whether to sell privately, or trade in at a dealership. Selling a car privately will take more effort, but will usually make more money, than trading in to a dealer. Trading in is a better idea, however, when the amount that repairs would cost, to get the car in sellable condition, exceeds the amount that a dealer would give for a trade-in.
If a vehicle is running well, with no structural damage, then owners shouldn't confuse their desire for new wheels with the need to purchase a more reliable vehicle. However, when serious problems show up, or lifestyle changes make the old car a poor fit, then selling makes sense. Before advertising a car for sale, owners should calculate whether selling privately, or trading in to a dealer, would be the better choice.
by: Dirik Hameed
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