Lorraine Explains: In a scorching used car market, is it worth it to sell or trade?

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In a scorching used-car market, is it worth it to sell or trade? via drivingdotca

In a hot used car market, do you trade in your car or sell it? Auto sales is one industry that has recovered fairly well from a year of this disastrous pandemic, but it definitely happened with a changed environment.

There have been downsides: global supply chains have been disrupted, meaning inventory has been adversely affected and buyers might feel pressured into taking what they can get. But if you have a used car you’re looking to unload, this might be a golden time for you. George Iny is president of the Automobile Protection Association and has good advice to protect your interests. A membership in the non-profit organization is worthwhile.

For a private sale, you have more work to do. Your car has to look good. Consider replacing worn tires with newer used ones. Before you take photos, remove any accessories or racks, hitches, rims, or add-ons that are not included in the sale. Separate winter tires are a huge selling point. Read the tips on the selling site you choose for how to take great pictures. I can’t stress how important good pictures are; if you have damage, be upfront about it.

 

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