When Should You Sell Your Car?


If you’re like most people, many hours of research, dreaming and anticipation went into the purchasing of the car you’re now thinking about selling. However, there may be a time when you and your “baby” must part and taking a total evaluation of the scenario objectively may help you realize when it may be time to sell your car and secure a new auto loan to purchase a different vehicle.

Reasons You Should Think About Selling
Do you feel happy getting behind the wheel of your car, or does the thought of taking the vehicle out for a spin aggravate you? There can be a number of factors contributing to your unhappiness with your automobile and if there is that overwhelming sense of misery, sell your car! Life is too short to waste countless hours hating a material possession of yours – get rid of the vehicle and buy a new/used car, just make sure to secure the car loan before visiting the dealer.

In 2001, that pickup truck sure came in handy when you were remodeling your home and needed to pick up supplies daily. However, do you still have the same needs today? If the answer is no, you may need to consider that the car you own now may not be in line with your current needs and you may choose to purchase a more appropriate vehicle.

There are also mechanical reasons for deciding to sell your vehicle. If you are constantly going to visit your mechanic for tuneups, you notice smoke being emitted from the car or if your transmission is slipping, sell your car. During the life span of a vehicle there is a point where it may cost more money to fix your car then the actual vehicle is worth. Nip it in the bud and sell your vehicle and secure a new auto loan to get a worry-free vehicle.

About the Author

These articles are written by the in-house GOBankingRates team.