The 5 Best Times To Sell Your Car

best time to sell a car

Trying to decide if you should sell your car? Can’t make up your mind?

There are a lot of factors to consider when trying to decide the best time to sell your car and it can be overwhelming. You want to make sure you make the best decision financially, and if you do decide to sell it you want to sell it at the right time.

So when is the best time to sell your car? It depends on multiple factors but we’re here to help you figure it out with our list of the 6 best times to sell your car.

Your Needs Are Changing

Whenever your circumstances in life change your methods of transportation might change as well. You may need to ditch the sports car for an SUV to better suit your new family lifestyle. Maybe you moved to the city and can’t find much use for your car since you’ll be taking the bus, subway, or taxi now.

Whatever your circumstances may be, ask yourself if you use it enough to justify the costs. If not, or if you would be better off with a different model, sell your car.

Repair Costs Are Stacking Up

If you find yourself in a situation where you are paying for one repair after another, evaluate why that is. Is it coincidence or has your car reached its end-of-life?

A good rule of thumb: if your car repairs are costing over half the value of your car it’s not worth fixing anymore.

Mileage Milestone

The value of your car is based on the amount of mileage on it, so when you sell your car try to sell it around a certain mileage milestone.

  • 30,000-40,000 miles
    When you’ve reached this first mileage milestone is when your car takes its first dip in resale value. Most manufacturer’s warranties expire around here and your car will be due for its first major service, making it less attractive to buyers.
  • 60,000-70,000 miles
    This is usually the time when your vehicle needs its second major servicing. Required maintenance typically includes new tires and brake pads, new spark plugs, flushing of fluids, and replacing any worn valves or hoses.
  • 100,000 miles
    After 100,000 miles the warranty expires and it’s due for another major service visit. Most of the value will be lost by this milestone because major components, such as transmission, start to fail. Most buyers won’t be interested in a vehicle that has over 95,000 miles on it even though the car may be in good shape still, because the life of the vehicle is limited.
  • 100,000 + miles
    At this point you may not even want to consider selling your car because most buyers won’t be interested. Even if the car is running well there is too much risk for the buyer. They know that cars with this much mileage will require continuous maintenance.

Time Of Year

The best time to sell your car is between the months of March and August and for two good reasons. One, when the temperature starts to warm up people are more likely to buy cars.

Two, people have more money to spend at this time of year. They aren’t worried about spending for the holidays and tax rebates come out in April and May.

However, keep in mind that certain seasonal events cause an increase in car buying as well. High school and college graduations, Christmas, Independence Day, and hunting season all spike an increase for car buying. People buy cars as gifts or for themselves, such as buying trucks and 4×4 vehicles for hunting season.

Overall Condition

While all of the above factors can help determine the best time to sell your car, the most important one is the overall condition of it. If your car has a lot of miles on it but you’ve taken great care of it over the years, you’re more likely to have success selling it. However, keep in mind that even if your car is in great condition, it’s hard to sell it once it has reached 100,000 miles.

The overall condition will also determine the value of your car, which is important to know so you can sell it for what it’s worth.

Ready To Sell Your Car?

When you decide to sell your car, no matter what point of life it’s in, CashForCars.com can make you a great offer on it. If your car needs multiple repairs, has a lot of miles on it, or is in bad condition you’ll have better luck selling it to us.

We buy cars in any condition. Used, running or not we can make you an instant, guaranteed offer and give you cash for your car in as little as 24 hours. With over 35 years of experience in the car buying industry you can trust that CashForCars.com will give you the offer you deserve.

We make selling your car easy with three easy steps. Give us a call at 1-800-227-2893 to receive an offer. If you like the offer we will schedule a time to tow your car when it’s convenient for you, free of charge. At the time of pick up you will be handed a check. It really is that simple.