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Reasons Why You Should Sell Your Car

Best Car Recovery in London

A car is not just a tangible asset. Some people see it as a means of showcasing their social strength in society. Selling your car also has an emotional connection since lots of memories are attached to it. Here at White Recovery, we understand these emotions, and that is why when you decide to sell your car to us, we give you the best offer for it. If you have not thought of selling your car to us, read on to discover reasons why you should.

Reasons Why You Should Sell Your Car

1. Increase in Maintenance Costs

Maintenance CostAs the rate at which you drive your car increases, the mileage also increases. This leads to an increase in the maintenance cost. The maintenance cost includes the cost of replacing expensive parts and the upkeep of the vehicle.

Although a car that is between 2 and 4 years old may not require too much maintenance (except routine service), older cars with mileage that is over 75,000 km may require expensive repairs. You can take care of this issue by selling the car and getting a new one. A new car will operate without any issues for the next few years. This helps you save time and money.

2. Yearly Changes

The yearly changes that you make to your car affect the car’s value. Therefore, if you want to sell your car and buy a new one, it is advisable to do so before the last quarter of every year. It is tough to sell your car in the last few months of the year since business and individual buyers will try to reduce the value of the car; they usually cite the ‘year-end change’ as their reason. Sell your car before the end of the year so that you can get the best price for it.

3. The Warranty Period of the Car

Warranty Period of the CarIf your car is under the warranty period of the company that you bought it from, you will have some peace of mind. If the period is about to run out, there is a high probability that you will spend money replacing the car parts. This can be avoided if you have an extended warranty. If you don’t have an extended warranty, you need to sell your car and get a new one. This reason is usually necessary for cars with high mileage.

4. Increase in Income

This reason is valid. If you just got promoted at work and your income is increased, there is nothing wrong with changing the car you drive every day. A new car is a social statement for many people. Low-interest rates make it easy for you to sell your used car and buy a new one.

5. Change of Location

Change of LocationIf you are planning to move to a new city to start a better career, then it is advisable to sell your car before you move. The legal laws in the new location will not allow you to drive your car with different state registration. You can avoid police summons by transferring the registration; you will need to pay high state taxes in this situation. A better option is to sell your car in the city that you’re moving out of and buy a new one when you get to the new place. Ensure you sell your car before moving out of your city.

6. The Fuel Efficiency of the Car

Manufacturers are always working on increasing the fuel economy of a car. Newer models of cars have better fuel efficiency than older ones. If your car covers over 2,000 km every month and uses petrol, you can save money by switching to a model that uses diesel. This may be a good reason to sell your petrol car and get a new one that is powered by diesel.

What should you say when selling your car?

If you want to sell your car yourself, here are the things that you need to include in your car’s classified ad:

  • Give a detailed description of the car.
  • State the asking price.
  • Explain why you want to sell the car.
  • Show car’s good gas mileage.
  • State the modifications that you’ve made to the car.
  • Mention any warranty information, and
  • Give an honest assessment of the condition of the car.

How can you increase the value of your car?

Here are some of the things you can do to increase the value of your car:

  • Have the proper documentation.
  • Don’t skip routine maintenance, such as oil changes and service checks.
  • Repair all faults.
  • Install the upgrades, and
  • Get the car appraised.

How much value does a car lose?

The value of your car falls by around 20% to 30% at the end of the first year of owning it. From the second to the sixth year, it depreciates by about 15% to 18% per year. In a nutshell, cars lose at least 60% of their initial value within five years.

Ready to Sell Your Car in London? White Recovery is Ready to Make an Offer

Any of the reasons discussed in this article are enough to sell your car. However, deciding to sell your car is just the first step of the entire process. You need to determine how you want to sell it. Selling your car to a dealer will get you the least amount of money. Also, selling your car on your own may earn you more money. However, it is not guaranteed that you will get the deal you want and it involves lots of work.

If you want to sell your car quickly and at the price it is worth, then you need to sell it to a reputable car-buying service, like White Recovery. We have competitive instant cash offers and will give you lots of time to shop around and find better offers. If you find offers that are better than ours, give us a chance to beat such offers.

We buy cars in London and make a quick payment transfer. We will also handle all the paperwork and transfer of ownership. We can even arrange a complimentary drop back to your home. We are confident that White Recovery will provide a safer, simpler, and smarter way to sell your car in London. Get in touch with us today to get a fast initial quote.