For most people attempting to sell their cars online or offline, it is difficult to predict when exactly is the right time to sell their car. The most apt moment when buyers will come easily and offer them the best deal. Even when you have kept your car in an immaculate state and promoted it right with right kind of price tag, a good deal may or may not come easy. But even if the luck factor seems working a little hard here, it is important to consider and know when is the right time to sell your car. Here is the list of first five questions that you must ask yourself to know if it is the right time to sell you car in India:
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Are You Still Paying Your Installments- If you are still paying hefty EMIs for your car, it might be the right time to check the worth of your car against the amount you have paid and left to be paid of course. If the later exceeds the former, selling your car might hit you hard financially. Loan refinancing might help you in closing the gap, but it is recommended to stick to your vehicle in this condition.
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Repairing Costs: Your old car might be having some cosmetic or mechanical issues that can affect its attractiveness to potential buyers. However, never assume that you hold the responsibility to get everything fixed before selling, specifically when you are trading in.
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Check Out The Market Condition: Your car might be subject to several economical factors like law of demand and supply. It will be god to check out the market before listing your car for selling in India. Take a good look at the market so that when you offer your car it is the best time to lure in best buyers.
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What Are The Fuel Prices: In a country like India, where fuel prices take a hitchhike every other month, it is better to consider the rise and drop before pitching-in in the second hand car market. If the fuel prices are rising steeply, it might not be the right time to sell your car. However, if the prices have been steady for a while, it might be the right time to sell your car.
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What’s Most In Demand In Your Area: If you are staying in a hilly terrain, there is a strong chance you might not find any buyer for your sedan or premium car. So, check out the kind of vehicle that is most in demand in your area.
