How Do I Know When It's Time To Sell My Car?
- Written by News Company
After a house, and a marriage, a car is the most expensive investment you’ll make as an Australian. But while houses and marriages ‘usually’ appreciate over time - cars don’t - they depreciate. So, how can you know when it’s time to sell your car or opt for an old car removal service? This article by Car Removals On Time will help you make a well-informed decision.
Find Out Your Car’s Residual Value
Product review site, Choice Australia, in their article titled ‘Car Depreciation - What’s Your Car Worth?’ state that when buying or selling a car, what you need to look at is Residual Value. According to them - “a $50,000 car, after three years will be worth $37,500 – you lose $12,500. Whereas, a $40,000 car has a 70% residual value - so will be worth $28,000 – you only lose $12,000.”
Residual Value Is How Car Removal Companies In Melbourne Value Vehicles
So, Residual Value is what you need to take into account when deciding whether to keep your car or sell it. Residual value varies from car to car. Only an expert such as a Car Buyer who is employed by a blue-chip Car Removal Service will be able to accurately tell you what your car’s residual value is and whether you should sell it - or hold on to it.
When it comes to cash for your old cars Melbourne, you need a good Car Appraiser who will honestly tell you what your Car’s Value is. You have to contact a Cash for Car dealer or a Car Removal Service in Melbourne. They have Car Buyers on their books, so are best placed to advise you as to what your vehicle’s value is.
Determine Whether The Car’s Costing More To Keep It Running Than It’s Worth
If you find that you’re constantly spending on repairs and maintenance, then it may be time to let go of the car. A quick way to find out if your car’s exceeding its value in repairs and other maintenance expenses is to take it to your mechanic and ask him/her to give you a quick rundown of what expenses you can expect to fork out money for in the coming months. If there are any big repairs or major maintenance due in the next year or so, then there’s a high chance that your car is more of a money pit than an asset.
Planning to sell your car?
Car Removals on Time is the place to visit. Besides servicing all of Melbourne’s suburbs, the company comes with excellent referrals and values. If honesty, reliability and a transparent process are what you seek - then this is the company for you. To contact Car Removals on Time, please call now on 0404 113 112.
Image credit. https://www.pexels.com/photo/close-up-photography-of-silver-sports-car-1236809/
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