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Are you thinking of buying a car? Well, you aren’t the only one.
The automotive industry is doing reasonably well even in today’s economic conditions. International car sales were 79.02 million in 2017. This figure is expected to rise to 81.5 million units by the end of 2018.
Whenever you buy a new car, you are faced with a dilemma. You have to decide what you want to do with your old vehicle. Should you sell it separately and pool in the money, you get to buy a new car? Or, should you merely trade your old vehicle for another one?
It might surprise you, but there is a whole science to this decision. Before you decide what to do, you must answer a few questions.
What is the condition of your used car?
Depending on the current shape of your car, you can decide to sell it or trade it. Let’s say; you bought it last year. It barely has any mileage. Then you might want to sell it off. However, if you have been using it for a long time and you must invest in repairing it before you can sell it, you must analyse whether the investment is worth the price you will get. To value your car, you can use free car valuation UK companies offer.
Remember, even if you trade in your car, it has to be in a proper condition. But, it is a fact that for trading cars, the shape can be worse compared to when you are selling it privately.
How research-savvy are you?
If you hate doing research, brace yourself. Unfortunately, regardless of whether you sell or trade, you will have to do some research. However, when selling your car, you will have to do much more thorough research compared to when you are trading it. When trading used cars, all you have to do is go to a valuation site and know the worth of your vehicle. But, when you sell it, you have to value it and decide what method to use to sell it. Additionally, you will have to learn all there is to know about your car. This is because potential buyers would like to know as much as they can about the vehicle when they buy it from you.
Do you like negotiating with people?
Do people annoy you? Would you rather just deal with one person than negotiating with a lot of people? If so, it is better than you trade your car. Here, you will be only be required to talk to people are the dealership. But, when you become a seller yourself, be ready to be bombarded with phone calls and questions. Be prepared to communicate with a lot of individuals if you wish to sell your car.
Which approach is better for you will be decided by how you answer the questions mentioned above. Also, weigh in the pros and cons of both approaches. Assign weights to different aspects and then decide which option is better. Think the decision through.
Sell or trade your old car. Get a new one. Enjoy your new vehicle. Create new memories.
About Michelle Joe: Michelle Joe is a blogger by choice. She loves to discover the world around her.
She likes to share her discoveries, experiences, and express herself through her blogs. You can find heron twitter: @michellejoe524