A stable job, a nice house, and a car-those are the three goals that a typical American has once they reach adulthood. However, people are now starting to realize that having a car is not as essential as the other two. While still useful, you might actually be better off if you’re going to sell your car now.
If you want to sell your car now, here are the top 4 reasons why today is the best time to sell your used car.
Reason 1: You Can Use Ride-Sharing Services
Today, you don’t need to own a car to get to your destination without using public transportation. You can have the privacy and comfort that a personal car offers by using ride-sharing services. Delivery services are also more common, making it easier for people to buy food or shop without the need to get out of their houses.
While you might think that it’s more expensive to pay $20 for each trip, you’re actually still saving money since you no longer have to pay for gas, insurance, or car maintenance. These monthly bills can quickly rack up to a point where owning a car is much more expensive than you first anticipated. Plus, the older your car is, the more maintenance and repair you might have to pay for.
You can also choose to use public transportation instead if you really want to lower your expenses. If you live in an area where there’s an excellent public transportation system, then it’s time to sell your used car now.
Reason 2: Fuel Is Getting More Expensive
Unless you own a Tesla or any other electric car, then fuel price is one of your biggest concerns as a car owner. Just by looking at this graph showing the average prices of gas over the past year, you’ll see a huge spike that started in October 2021.
While it might not be a concern for places that are still in lockdown, once everything goes back to normal, you’ll quickly realize just how expensive driving a car is. You have the option to use public transportation or ride-sharing services as recommended in the previous section. Otherwise, you can buy an all-electric or hybrid car to lessen the impact of increasing gas prices.
Reason 3: It’s Time for A Car Upgrade
Speaking of buying a new car, maybe it’s time for you to buy a new car. If you’ve got a big raise at work or you’re about to reach your warranty’s mileage limit, then there’s you should spoil yourself a little bit and sell your used car now and buy a newer model.
It’s recommended to sell your car before it hits its 100,000-mile mark so that you won’t see an extreme depreciation on its value. Other experts even recommend selling your car before 60,000 miles. You can then use the money you get to buy a newer car for yourself.
Reason 4: High Demand for Used Cars
The recent coronavirus pandemic also has had a huge impact on the car industry. Since social distancing is highly advised, people are less likely to use public transportations for their own safety. Because of this, people who would normally use the subway or busses want to buy a second-hand car to go about their day.
Aside from that, there are also shortages of new cars. Since the supply chains were disrupted, it’s much more difficult to get a new car today. This means that people would opt for a nice quality secondhand car. As more customers flood the marketplace, the demand for used cars increased. You can take advantage of this and sell your used car now for a higher price than normal.
Ready To Sell Your Car?
If you want to sell your used car now in New York, Sell My Car New York offers an easy 3-step process to sell your car. All you need to do is provide a short description of your automobile and you can get the best prices in just seconds. You can also get paid cash on the spot once we pick up your car, free of charge.
There’s no better time to sell your used car than today. Get an online estimate today!