2 min read
Whether your car is a trusty companion for daily commutes or the weekend warrior for road trips, there comes a point when you have to decide if it's time to part ways. Here's how to know when it's time.
Repair costs
One of the most obvious signs that it's time to sell your car is when repair costs start to outweigh the vehicle's value. Regular trips to the mechanic can add up, making it a wiser investment to get a newer ride.
Safety concerns
The older a car is, the more outdated its safety features are. Newer models come with advanced technology that better protects you and your passengers.
Poor fuel efficiency
If gas money is burning a bigger hole in your pocket, it might be time to look for a more fuel-efficient vehicle. Newer cars have gadgets like eco-boost that save you some dough and reduce your environmental footprint.
Lifestyle changes
Perhaps you've started a family and need a larger car or moved to an area with crazier weather. If your current car no longer fits your day-to-day needs, you should find one that does.
High mileage
As the miles add up, so does the possibility of your car breaking down. If your car has racked up high mileage, it might be wise to sell before you blow an engine or transmission.
Market value
Sometimes, the value of certain used cars can be surprisingly high due to demand, making it a perfect time to sell. Most of the time, that's not the case because of high mileage or wear and tear. Keeping an eye on its value can indicate when to sell.
Personal finances
If you want to reduce expenses or free up cash, selling your old car can be a smart move. It can give you funds to invest in a more affordable car or help with other financial goals.
Knowing when to sell your old car involves a lot of your attention, but selling it to Peddle only takes a few minutes of your time.
