When Is the Right Time to Sell Your Car?

Jan 29, 2025 | Uncategorized

Deciding when to sell your car can be a tricky decision. Do you wait until it starts showing serious signs of wear, or do you sell while it still has high resale value? Here’s a guide to help you determine the best time to part ways with your vehicle.

1. When Your Car’s Value Is Still High

Cars depreciate quickly, with the steepest drop occurring in the first few years. If your car is still relatively new and in good condition, selling it before it loses significant value can be a smart financial move. Generally, the best time to sell is before it hits the five-year mark when depreciation slows down.

2. Before Major Repairs Are Needed

As cars age, they require more maintenance and costly repairs. If your car is approaching a major service milestone—such as needing a new transmission, timing belt, or expensive engine work—it may be best to sell it before those costs arise.

3. When Market Demand Is High

Market trends can impact your car’s resale value. If there’s a high demand for used cars, you might get a better price. Factors such as fuel prices (which can affect demand for fuel-efficient cars), seasonality (convertibles sell better in the summer, SUVs in winter), and supply chain issues affecting new car production can all influence pricing.

4. Before Your Loan Becomes a Burden

If you’re still making payments on your car and its value is depreciating faster than you’re paying it off, you could end up upside-down on your loan. Selling before reaching that point can help you avoid financial strain and put you in a better position for your next vehicle.

5. When Your Lifestyle Changes

A growing family, a job with a longer commute, or moving to a city with better public transportation can all be reasons to re-evaluate your vehicle needs. If your car no longer fits your lifestyle, it may be time to trade it in for something more suitable.

6. When Incentives for New Cars Are Strong

Car manufacturers often offer promotions, trade-in bonuses, and financing deals that make upgrading to a new vehicle more attractive. If you’re considering an upgrade, keep an eye out for these deals, which could make selling your car a smarter financial move.

Selling your car at the right time requires balancing several factors, including market conditions, maintenance costs, and personal circumstances. Keeping an eye on these signals can help you maximise your resale value and ensure a smooth transition to your next vehicle.

Looking to sell your car? Book an appointment with Cars Brisbane, today!

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