How to Sell Your Car for the Most Money
The pandemic has caused a lot of self-examination over the past several months, and that is certainly true about owners' relationships with their cars.
Vehicles that were used multiple times every day in pre-COVID times are now sitting in garages for days if not weeks at a time. This, along with an economy stifled by business shutdowns and restrictions, has prompted many people to sell their current vehicle and/or downsize their family vehicle fleet. Some consumers are also trading a larger or luxury vehicle for a smaller non-luxury vehicle that is less expensive to own and operate.
On the other hand, the desire by many to avoid the use of public transportation has spurred former bus, train, and subway riders to purchase a car. The prospect of sharing a ride in close proximity with dozens of other passengers just doesn't seem palatable right now.
What this means is lots of people are buying and selling used cars. This is attested to by statistics on used car sales at auction gathered by J.D. Power. Among the findings: used car prices have grown 35% over the past 16 weeks and are now 15% higher than at the beginning of March.
All this might prompt you to consider selling your car. Of course, if you're going to do that, you have many options. Some are obvious, like trading the car in or selling it to a neighbor or friend, and some are less obvious, like selling it to a national used car retailer or getting a guaranteed price from a local dealer. This article is intended to give you good advice on selling your car for the most value.