Have you ever noticed that some vehicles sell more during some seasons than others? Like with other products, calling a junk car removal service in Denver at certain points in time will earn you more cash than other points. Timing the sale of your old car can be a bit tricky because you need to consider many factors like age, mileage, model, etc. but there are some obvious signs that it’s time to get rid of the old vehicle before it becomes a burden. Here are some factors you should consider to know when it’s a good time to sell used cars:
Good Seasons To Sell Junk Car
Like most products, used cars sell more during some seasons than others. The best season for selling depends on the kind of vehicle you are selling. If you have a truck or a four-wheel drive, you will find more buyers during winter than summer because these vehicles are safer than others for driving during cold climates. Convertibles and sports cars sell better during spring and early summer when people like the feel of cool wind during bright days. Commuter cars sell well at the peak of summer and winter when the weather gets unbearably hot and cold respectively.
Holidays And Special Events
Other than the season, you should also mark holidays and special events when timing your sale. People tend to buy used cars during holidays to gift it to their loved ones. You should also consider selling during May or June when many young students look for used vehicles after graduating from high school or college.
Current Economy
The current economy also plays a part in the amount you receive. A poor economy may be bad for manufacturers but used car dealers thrive in it because at this stage most people don’t have enough finances to buy a new car. High-interest rates make car loans costly as well. It’s cheaper to buy old vehicles instead. High public transport costs also increase demand for old cars. When the fuel prices are high, hybrid models and fuel-efficient models are likely to be in demand. Luxury cars and SUVs sell more in a strong economy with high employment rates and low fuel prices.
Vehicle’s Age
If your vehicle has been lying around for a long time, you might want to call a junk car removal service in Denver before it gets any older. Your car’s value drops after every year from manufacture. Newer models are likely to sell for more. Over time, its parts are likely to deteriorate and drop the value even more. The metal parts may rust due to exposure to moisture and air.
Mileage
A car’s value drops significantly once its mileage hits 100,000. After this point, it’s seen as a maintenance risk and most buyers won’t pay good money for it. It’s best to sell it before it hits that stage. A car starts needing new tires, brakes and timing belt when it crosses 30,000 miles. You should probably start looking for buyers between 60,000 to 80,000 miles where it’s still in good condition.
Lifestyle Changes
The model that may have been reliable in your college days may no longer be suitable once you have settled down with a family. With growing kids, you need a car with more space in the backseat. You may also need a new car if you have shifted to a place with a different climate. In some cases, you may not need a personal vehicle to commute. In such cases, it is best to sell the old car to make some space.
Loss Of Safety
Many old models lack the safety features like airbags and antilock brakes right from the moment they were manufactured. Some models lose these features over time due to accidents or deterioration. In either case, it’s always safer to buy newer models with important safety features that can save your life.