Should I sell my car? This is a question that is easier to answer when you don’t actually have any other option than to sell. For instance, it’s easier to make this decision if the cost of repairs has dug a gaping hole in your pocket.
However, what if the car is still in good working condition and you have a sentimental attachment to the car? Below are 5 signs to let you know when it’s time to say goodbye to that car of yours by selling it.
Your Car’s Engine Light Stays On
If the ‘check engine light’ icon keeps on glowing from the dashboard, regardless of how many times you have taken it to the mechanic to fix it, then this should be considered an obvious sign.
While this glowing light could be ignored sometimes by some car owners, it nevertheless is a clear sign of a much bigger problem around the corner.
Therefore, if the check engine light keeps going off, it’s better you consider selling the car and replacing it with another.
Your Car No Longer Matches Your Lifestyle
As a young person, you may be perfectly suited for just a convertible or sports cars. You want to feel the wind blowing through your hair instead of an air-conditioning system.
However, once you get married, you may want to settle for something more spacious, much safer and more durable in terms of performance.
A move to a new city or family expansion could also necessitate the selling of your old car for a new one. Whatever the reason is for you, just have it at the back of your mind that your car should cater to your lifestyle and needs. Once it stops doing this, it’s time to sell it.
Repairs Have Overtaken the Actual Value
The ageing process of a car brings with it numerous problems. Its value continues to depreciate with each visit to the mechanic until the cost of repairs eventually overtakes the actual value of the car.
Problems like engine issues and transmission can greatly deal a blow to your car’s value, even as fixing them continue to gulp down thousands of naira.
First, the repairs may seem economical; after all, it’s just the engine. However, soon enough, other issues begin to creep in on your funds. This is a sign that you need to sell your car and buy that car you have been thinking of. Better a new car than an old one that keeps needing repairs.
Low Safety Standards
The well being of you and your family is of uppermost importance than the use of just any car. If your car begins to flop on major safety standards, it’s about time to sell the car.
It doesn’t have to be old; it may be one of those vehicles due for a recall as a result of a compromise in factory standards, or the car might just be behind safety design enhancements.
Therefore, using the car would mean putting you and your family at risk, as well as other road users.
You Feel Like You Have Earned a New Car
With many, a new promotion or career milestone is a good reason to buy a new car. This car serves as a reminder that hard work pays in huge dividends.
Therefore, if you feel like you deserve a new car, then it is quite a good reason to might have to sell the old car. A move to a new city or even a break up could sometimes bring this feeling of wanting a new car to shelve the memories that the old car carries with it.
Final Thoughts on Knowing When It’s Time to Sell Your Car
If your car spends more time at the mechanic’s workshop than it spends on the road, then you might need to put yourself out of the misery of repeatedly spending your hard-earned money on repairs by selling the car. Before you buy to replace the car, feel free to reach out to our team of automotive experts who are always ready to guide you towards buying a car that will truly serve your needs, budget and lifestyle.