Your odometer just hit 100,000 and that has you asking the question, is it time to sell? Before you head to your nearest dealership to trade in for a new ride, consider these 3 time and money saving factors.
What’s it Worth?
Do a little research on your car’s make and model and always take into consideration the condition it is in. You’ll want to look up the trade-in value because that is what a dealer will most likely give you in exchange for your ride. Kelly Blue Book (www.kbb.com) is a great resource for finding out what your vehicle is currently worth given its condition and how many miles it has.
When was the last time you replaced the brakes or had a major mechanical repair performed? If the answer is “never” you could be in a world of hurt when it comes to resale value. Just because she “runs like a dream” doesn’t mean she always will. The next buyer (or dealer) will want to know about recent repairs, beyond oil changes and monthly maintenance, and too many or not enough can decrease the resale value.
You may want to invest a little money back into it to make it more appealing to buyers. These may include: new tires, brakes, water pumps, timing belts, and suspension parts. Just a couple of upgrades before selling could possibly provide a better return on your vehicle.
Is it Worth it?
Another factor you need to consider is the cost of necessary repairs vs. the trade-in value. If all of the maintenance mentioned above (and even some we did not mention) are critical to the vehicle running efficiently, this could wind up costing you even more than what someone will buy it for.
If this is the case, you may need to cut your losses and ditch it to a dealer!
However, some minor maintenance issues could lead to major issues if ignored. Take the timing belt for example. Replacing a timing belt could cost around $600. But, if ignored, this could lead to serious engine trouble which could cost thousands!
Small minor repairs could extend the life of your vehicle and your wallet. Finding the right carrier for your shipping needs is essential—but there are thousands to choose from with varying degrees of quality and price. Contact us today for a free quote!