When Is the Best Time to Sell Your Car? Here’s What You Need to Know About Mileage and Timing

Selling your car at the right time can make a big difference in how much you get for it. Whether you’re thinking about upgrading, downsizing, or just moving on to something new, understanding when it’s the best time to sell is crucial. But when exactly is that, and how many kilometres are too many?

At Carztune.com, we’re here to give you easy-to-understand tips so you can make the best decision for your ride. Let’s dive in!

1. The Sweet Spot: Around 80,000 to 100,000 Kilometres

If your car has between 80,000 and 100,000 km, you’re in the ideal range for selling. Most vehicles start to see a decline in value after this point because potential buyers start worrying about expensive repairs. However, at this mileage, your car is usually still running well, and buyers are willing to pay more since they expect many years of use.

Pro Tip: It’s always a good idea to sell before major services (like the 100,000 km check-up), as buyers will feel they’re saving on maintenance costs.

2. Avoid the Depreciation Cliff: 3 to 5 Years

Cars typically lose value the fastest in their first 3 years. After 5 years, depreciation slows down, but the car’s value will already be significantly lower. Selling your car around the 3 to 5-year mark helps you avoid the steepest part of the depreciation curve, maximizing what you can get.

Pro Tip: If you keep your car longer than 5 years, you might want to wait until the car hits 10 years old when depreciation really slows down, but maintenance costs start to rise.

3. Consider Market Trends

The automotive market fluctuates, just like any other. Factors such as new model releases, fuel prices, and economic conditions can all influence car prices. Keep an eye on trends:

• New Models: When a new version of your car is about to hit the market, older models may lose value. Selling before the new model’s release can get you a better price.
• Fuel Prices: If fuel prices spike, smaller, more fuel-efficient cars become more desirable, while large SUVs may lose value.
• Seasons Matter: Spring and summer tend to be the best seasons for selling, as people often buy cars before road trips or vacations. Winter can be slower unless you’re selling a car that’s good for harsh conditions, like an SUV.

4. Signs It’s Time to Sell

Here are some indicators it might be time to part ways with your car:

• Repair Costs: If your repair bills are piling up, it may be more cost-effective to sell and invest in something newer.
• Outdated Tech: If your car lacks modern features (like navigation, Bluetooth, or safety tech), selling sooner rather than later could be wise. Newer cars are becoming more tech-centric, and older models without these features can depreciate quickly.

5. How to Prepare for the Sale

If you’ve decided it’s the right time to sell, here’s how to prepare:

• Get a Full Service: Having your car in top shape can boost its value. Get an oil change, fix minor issues, and clean the car inside and out.
• Gather Records: Buyers love seeing a well-documented service history. It shows the car was cared for and makes them feel more confident in their purchase.
• Set a Fair Price: Do your research using online tools to see how much similar cars are selling for. Set a price that’s competitive, but leaves a little room for negotiation.

Conclusion

The best time to sell your car depends on its mileage, age, and market conditions. Around 80,000 to 100,000 km and between 3 to 5 years old is often the sweet spot for maximizing your return. Always stay informed about market trends and the condition of your vehicle to make the most out of your sale.

Stay tuned to Carztune.com for more tips on keeping your car in top shape and getting the best deal when it’s time to sell!