{"id":522,"date":"2022-12-22T22:01:15","date_gmt":"2022-12-22T22:01:15","guid":{"rendered":"https:\/\/givemethevin.com\/sell-my-car\/?p=522"},"modified":"2022-12-22T22:01:15","modified_gmt":"2022-12-22T22:01:15","slug":"when-is-the-best-time-to-sell-my-car","status":"publish","type":"post","link":"https:\/\/www.givemethevin.com\/sell-my-car\/when-is-the-best-time-to-sell-my-car\/","title":{"rendered":"When Is the Best Time To Sell My Car?"},"content":{"rendered":"\n

\u201cI know I need to, but I don\u2019t know when to sell my car to make the most money!\u201d <\/p>\n\n\n\n

Every car owner comes to a point when it\u2019s time to sell their car and they\u2019re wondering how they can make the most money out of the deal. It\u2019s important to get the amount you deserve when selling your car, especially if you\u2019re planning on a buying a new car or simply wanting to earn money from disposing of an old vehicle. <\/p>\n\n\n\n

But this leads to a crucial question: how do you actually determine the best time to sell your car? When should you put your vehicle on the market to ensure it fetches you a reasonable price? To help you out, let\u2019s go through some points to consider when selling your vehicle.<\/p>\n\n\n\n

When To Sell My Car: 7 Factors To Consider To Get the Best Deal <\/h2>\n\n\n\n
  1. The Time of Year<\/li><\/ol>\n\n\n\n

    There is an optimal time of year to sell or trade your vehicle in, and it\u2019s usually during the first two quarters of the year. Due to various factors, used cars tend to retain more of their value in the first half of the year. One is that vehicles tend to look newer when it is 10 to 12 months away from turning a model year older than only two to four months away. <\/p>\n\n\n\n

    Another factor to consider is that the used vehicle inventory tends to dip early in the year. This is also around when buyers are looking for cars for their spring or summer activities. High-passenger vehicles, convertibles and sports cars are favorites, especially for those needing cars for their pleasure driving trips or family vacations. <\/p>\n\n\n\n

    On the other hand, you\u2019re likely to make the most money for SUVs or 4x4s in fall and winter, especially if you live in a place with harsh winters. However, note that prices for used cars tend to decrease toward the holiday season, especially with people shifting their priorities from buying a car to getting gifts for their loved ones. <\/p>\n\n\n\n

    1. Your Car\u2019s Age <\/li><\/ol>\n\n\n\n

      Cars depreciate as they grow older. Their value tends to drop significantly during the first two to three years before dropping again at their four-year mark. The next huge drop usually occurs at around eight years. Considering your vehicle\u2019s age, the best time to sell your car is in between these drops. Timing your sale accordingly can help you get the next best price for your vehicle.<\/p>\n\n\n\n

      With that said, note that the depreciation drop per year tends to flatten out after that drop at the eight-year mark. This means that mileage becomes a larger factor that affects your vehicle\u2019s value than its age from that point on. <\/p>\n\n\n\n

      1. Your Car\u2019s Mileage <\/li><\/ol>\n\n\n\n

        There are different opinions about the effect of a car\u2019s mileage on its price, but one thing is sure: vehicles tend to lose their value every time they reach a new 10,000-mile increment. Additionally, hitting 100,000 miles on the odometer may even trim down who is still willing to buy your car. <\/p>\n\n\n\n

        As you plan on when to sell your car, here are some figures worth noting: <\/p>\n\n\n\n