Each reseller knows the hot seasons when it is better to sell a car or give it away, and they are not separated “until the new year and after,” as many people think (although there is also rational grain). In this case, the division takes place over 3 months, namely spring, summer, autumn and winter.
In one period of time, cars go away like "hot cakes", and there are really not enough quality ones on the market, and in another period it will take a very long time to implement. However, what does it depend on? Where is it better to sell a car and at what mileage? About this and another - further.
What to consider when selling?
There is more hope in this matter than getting the best selling price, although this is an important factor to consider.
The seller is also thinking about avoiding high repair bills or unexpected drops in price.
The three most important factors to consider are market conditions, the condition of the car you are selling, and your personal circumstances.
Sitting back is not very good, because every day you lose some value due to wear and tear.
Next, talk about the best ways to sell.
What time of year is it best to sell a car?
Experts say the best time to sell a used car is spring and summer. You should wait out the winter holidays, as family budgets go to gifts for loved ones, and the gray weather keeps customers at home.
Potential sellers should also look at the type of car they are selling. It's hard to sell a convertible in Murmansk in January, just like a black SUV in Sochi in the hot summer.
The flip side of this theory is related to supply and demand. If everyone starts selling their used cars in March, the market will be flooded and prices will drop. If, for example, you look at information about used cars and see dozens of Toyota Camrys available in your market, then it’s a good idea to keep your own from selling until their number gets a little thinner. When is it best to sell a car in summer or winter? The answer is further.
Spring
Those who think when it is better to sell the car and at what time of the year should pay attention to the spring period, and directly - April - May. This is the hottest time to sell an iron friend! At the same time, consumer demand begins to increase "avalanche-like" from about April 1st.
Judging by the reviews of car enthusiasts, even the most unsold model can be realized in this period, since there are a lot of consumers. What determines this kind of need? Of course, everything is simple: cottages, vegetable gardens in villages begin, the population prepares for the garden period. For this reason, even the "snowdrops" that did not drive in the winter begin to rush to domestic roads. This is the best time to sell your own car. At the same time give it away without any additional additions.
Summer
The second most popular time of the year is summer, especially at the beginning. During this period, those who could not pick up a car in the spring are acquiring, since they expected a more optimal cost. There is no difference in which month it is better to sell a car in the summer. Demand is not as great as in spring.
That's the whole situation, numerous resellers understand this and pre-prepare directly for the spring season.
Autumn
This is the worst time to sell a car. It comes approximately from September and lasts until the end of February. And it doesn’t matter which day it’s better to sell the car. When it is not the season, the transaction will not take place either on Wednesday or Sunday.
Why? Yes, everything is simple, about 15-20% of motorists do not need cars in this period. Many of them install cars on a “joke” in garages or in parking lots, they do not operate in winter. Basically, these are older people who purchase a car only for the purpose of moving to the country or nature, in winter they sit at home. In addition, beginners who have acquired rights this year are banal in the wintertime afraid to ride due to snow drifts, ice, and cold weather. There are those who consider cold and snow "porridge" unacceptable criteria for exploitation.
As a rule, in the fall and in the winter, it is freer on the roads, experienced drivers understand this.
It is for this reason that the cost of cars drops, due to the fact that the need is reduced (you can expect calls from potential buyers for a very long time). But there is no demand, something needs to be done, namely, to reduce the price of one's own “iron horse”.
There is another “trick”: after the new year, the car is made a year older, it also reduces the cost.
If possible, it is better to tolerate until the spring, until March-April.
Based on the information provided, you can manage the implementation and rates in your favor. For example, if you began to sell a car in the summer season, but before the winter, despite the gradual reduction in cost, not a single person bought it, do not rush to throw off even more.
It is most sensible to simply stop selling the car in the winter (remove all ads), and from mid-March place your own offer at a new or even greater cost than the initial price at which they started selling last summer. There is a chance that cars will get very quickly.
In seasonality, it is necessary to take into account the class of the car: for cars of small and middle class, the demand is more in spring and summer, and for all-wheel drive and heavy SUVs - in autumn and winter.
Future forecasts
If you are a used car buyer, the next few years should be good for you. If you sell, the chances are not so optimistic. According to the forecasts of the investment bank, used car prices are expected to fall by 20% over the next four years.
This is the most likely scenario, although the bank’s pessimistic forecast suggests a decrease of 50%.
Judging by statistics, used car sales fell by almost a third, as customers prefer to rent them rather than buy them. The so-called "market cycle of machines" takes place. Now, all cars leaving the lease again flood the market, creating surpluses.
In addition, the discounts offered by manufacturers are often so attractive that many customers prefer new rather than used cars, which reduces the demand for used equipment.
When the car no longer meets the needs
Just because people need vehicles doesn’t mean they will buy your used car. Their preferences change over time, which is affected by: marriage, having children, leaving them for college or moving to the city, or beyond. These and other factors greatly influence their choice when buying a car.
The same goes for sellers. They decide on the implementation of the once beloved iron "friend" when he no longer meets the lifestyle or needs of the family.
Even standing still, your car depreciates, plus it requires insurance and registration fees. As well as mileage, age affects the cost of the car, so it’s better to sell it sooner before the next model year.
Does the price depend on mileage?
Car mileage causes a steep drop in value. The sign of 100,000 kilometers is, in a sense, a symbolic milestone, a line above which the price of a car can only fall. In this matter, you should adhere to the "middle ground", not to bring the vehicle to such a run, after which it can only be sent to rest.
Nevertheless, in the thoughts of buyers there is only one desire - it is enough to reduce the price that they will be offered, so there is always a chance to purge used / used goods at an affordable price.
Since some parameters of cars fail after the expiration of the warranty period or when they reach the mark of 60,000 to 70,000 kilometers, it will only be possible to attract a buyer with an adequate cost.
Customers will not pay a high price for a car that no longer has a warranty card. When cars reach 60,000 kilometers or so, they usually begin to require expensive repairs, which is hardly part of the buyer's plans.
When everything works
What other factor besides season and mileage affects the time when it is better to sell a car? This is when it is in good condition. It’s much easier to sell a car when everything works, rather than explaining to potential buyers what is wrong with it. They will compare the asking price with the cost of what is worth fixing in this vehicle.
If you are thinking about selling, and the car shows any signs of malfunction, it's time to realize the “iron friend”. If you decide on this, the buyer will receive a good discount, and you, in turn, can save money on repair bills.
Before repair costs are required
As we already said, I want to get rid of my car before I have to face serious repair costs. In addition to the fact that the machine warns of a failure, you can investigate which components and parts fail, and when they do it.
If you know that the drivetrain of this model usually jams at 70,000 kilometers, get rid of it at 65,000. This can save you a repair bill of $ 3,000.
There are special portals where owners discuss the problems that they have with one or another model of car, and how much they cost to fix it. You need to find information about your own car there and compare its real state with what others say about it.
The price chart for the car looks like a zigzag: at first the price for it is very high, since it has just begun to undergo depreciation, which lasts for the first two years. Costs are then gradually reduced before steeply dropping again when repairs become expensive enough.
Before the run loses its value
Each kilometer a car drives costs its owner, and this is more than just the price of gas, insurance and maintenance. One of the things to take into account when buying a used car is the vehicle mileage. If it is too big - do not get the desired amount of money when you sell.
While the specific kilometers mentioned above create large cost losses, everyday use also leads to a steady decline in the price buyers are willing to pay.
Before you pay a car loan
If you face a default on a car loan or even a few payments are missing, it is better to sell your car and pay off debt for long-term financial well-being. In this case, you can set a price that will cover the penalty and the body of the loan.
When you are in full debt: you owe more than the car is worth, it is more difficult to do, because you have to pay the difference between the balance of the loan and the selling price.
If the car is confiscated for debts, you will not only not get the car, but also get a bad credit history, which will affect your next purchase. In some cases, consumers not only cover the difference in the loan balance, but also lose significant amounts due to the fact that the bank sells the car at a lower price in order to quickly return their money. You should not bring the situation to such problems, but it is better to sell the car as quickly as possible.
How profitable to sell, then to buy?
Buying a car can be a difficult process, but selling it is equally intimidating, especially for the uninitiated. Fortunately, there are many intermediary firms that have a wide range of resources to add value to your current car and help fund the next one.
When it is time to buy a new car, check out new offers, discounts and leasing programs. When car manufacturers have a hard time selling cars, it’s great for shoppers who line up to save thousands of dollars. There are price reduction programs that local dealers work with to save even more money.
The main thing is to know where it is better to sell a used car. In this case, car markets and used car sales sites come to the rescue.
It is well known that the advertising strategy of car manufacturers is often tricky and the end of a guarantee service is a completely optional reason for separation from the car, but a 5-6 year old car is more critical to implement. Also remember that cars are more cost-effective in the middle and late spring.