When Should You Sell A Junk Car In Chicago Heights?

by | Sep 11, 2012 | cars-trucks

There are many who will advise, only buy used cars and run them until the wheels fall off, that is when to sell a junk car in Chicago Heights. The logic does make a lot of sense. Everybody knows that a brand new car depreciates far more in the first couple of years than the next two or three years. The wise buyer is one who lets someone else eat the high depreciation and then purchase the car used when it still has plenty of life left in it. A used car three to four years old may have a resale value to a dealer of less than 60% of what the car sold new for. In this day and age with a cars history easily attainable, a well maintained used car is the way to go. This theory is supported by lots of people who give advice to those who need help with their personal finances. Perhaps a new mantra should be invented, we know the one that says never buy new, maybe now the buzz words should be never sell used.

If you buy a good three year old used car you make a good move, if you sell a six year old used car you make a bad move. The depreciation over years 4,5 and 6 is not all that great so the used car discount you got when the car was three years old you are more or less giving it back if sell at six years of age. The best way to reap the benefits of having bought a used car is to only sell to junk car Chicago Heights dealers.

Of course there are reasons to buy new cars and good that there is otherwise there would be no used cars available for people are use their money wisely.

When is a car ready to be sold as junk? This is a good question and one that can only be answered by the owner of the machine. One obvious answer is if it gets into a collision and it totaled, it is an automatic one way trip to the junk yard. Actually this is not as frequent as a car reaching its useful life based on pure economics. Like it or not, a car reaches a point where its value to anyone other than owner is very small. A car can be 15 years old and still have low mileage and be in good condition both inside and out, but the truth is, it is worth very little on the open market because say what you want it is 15 years old. If this car suffers a major breakdown and the repair is more than it’s worth then it has reached the end of its useful life and now is the time to sell to junk car Chicago Heights dealer.

Latest Articles