If you are looking to sell your car, there is no better time than now! You have probably heard that the value of a car decreases the moment you drive out of a dealership, whether it’s a brand new or second-hand vehicle While this is true, it should not put a big dent in your expectations if you are considering selling your used car soon – especially if you have done your homework with regard to online platforms that are committed to getting you the best deal possible.
Here are three reasons why you should go ahead and list your car for selling now.
‘Unprecedented’ times
If you were to sell your car this time, last year, chances are high that you would not sell it at a price as good as the one you will sell it for now. Trains, busses and taxis have all been deemed by experts as high transmission zones for Covid-19. This has resulted in high demand for used cars as people are looking for safer (and affordable) ways to commute from place to place.
Covid has also done a number on car manufacturers due to a global shortage of microchips. Manufacturers have significantly limited their production of new vehicles which in turn has created a surging demand for second-hand vehicles. This, too, has pushed the selling price of used cars higher, making it a really good time to sell.
Summertime, selling time
Spring and summer are the best times to put your used car on the market. If you own a drop-top, sports car or classic, you have an even better chance to sell your car because they are more season-appropriate. With the warmer weather, and South Africa being in the Covid alert Level 1, people are going out more and planning for the holidays. Chances are they may just want to do so in the most stylish of ways after losing out on some months under lock-down. It’s time to get ready to sell your car.
Time to dodge
As November is fast approaching, economists have predicted a sharp increase in fuel prices. Diesel and paraffin are likely to take the highest jump, with petrol prices expected to range around ±R20/litre.
If your car is a fuel guzzler and you have been looking to sell your car, now may just be the best time to get it on the market. Whether you need to upgrade or downsize to a fuel saver, it is critical to be smart when it comes to decisions regarding your car, especially if your decision to sell is motivated by financial pressures.
Time to sell right
If you are looking to sell your car, we recommend you do it with a reputable and professional bidding platform – such as Weelee – who are known for selling quick and easy and getting you the best cash deals.
