When to Swap or Upgrade Your Car
Is it time to sell your car? Here’s a quick guide to help you determine when it’s time to upgrade your vehicle.
On average, Germans replace their cars every 9 to 12 years, depending on a few different factors. Whether your car is sinking your bank account or it desperately needs an upgrade, we’ll help you know when it’s the best time to swap out your car.
Is There a Best Time of the Year to Sell Your Car?
It’s a common misconception that the seasons (and even weather) can affect the price you receive for your car. In general, seasonality has little to no effect on the actual value of your car. While you may be slightly more likely to sell your car in the spring and fall months, the price will not vary much.
When Your Car is Draining Your Bank Account
When you first buy a car, you expect to have routine maintenance expenses. It may need a new filter, spark plugs or a battery, but as your car gets older, more serious issues arise. Eventually, the car will turn into more of a project than a reliable method of transportation. There comes a point in every car’s life when you are putting more money (and time) into a car than it’s worth.
If you’re wondering whether you should keep or sell your car, assess the car’s resale value with an online calculator and crunch the numbers. Is your car fuel-efficient? Safe? How expensive is it to repair? If the cost to repair it is more than a new car, it might be time for an upgrade. Newer, more efficient models can save you money on fuel, and you won’t have to spend as much time in the shop.
What to Do When Your Car is Unreliable
If you flinch every time you turn the ignition, this is a classic sign that your car needs an upgrade. Reliability is crucial when it comes to your ride and knowing that your car will start in the morning will give you tremendous peace of mind.