1. You are forced to choose between mortgage payments and car payments every month
If your car is too expensive for you, you should probably think about selling it. Many people are overburdened and pay more in car payments than they can afford each month. A big contributor to this phenomenon: too expensive car loan and lease payments. If you cannot afford your car easily, you should consider selling your current car and getting a car that you can afford more easily.
2. You really hate your car
Why stay in an unhappy relationship with the car? If you hate your car, you must get rid of it! Don’t keep something you despise. You could replace your current car with a car that you really love.
3. Your insurance company treats you like driving a race car
Are Your Auto Insurance Premiums Skyrocketing? Does your insurance company send you bills that make you feel like you must be insuring a race car? If your car is guilty of incredibly high insurance rates, you may consider selling it. You could probably get a better car with lower insurance premiums.
4. You don’t even need a car
In this economy, it probably doesn’t make much sense to keep a car, and the payments that come with it, if you really don’t need it. Many people, especially city dwellers, rarely use their cars. If you are one of these people, you may want to sell your car.
* If you live in the New York / Tri-State area and want to sell your car, be sure to read my article How to sell my car fast in New York? Article, where we look for ways to, you guessed it, quickly sell a car in New York.
5. You get a new car
Getting a new car often means selling your old car. If you are looking for a new car or if you have already bought one, it is probably a good time to sell your current vehicle.
6. Lost your driver’s license
People have their licenses revoked for a multitude of reasons. No matter what you did wrong to lose your license, you may want to consider selling your car. This is especially true if you will not have a driver’s license for several months or more. Why stick with a car you can’t drive? Why keep paying for car insurance if you are not going to use your car for a while? Losing your driver’s license is usually a good reason to sell your car.
7. Your car is in the store more than it is on the road.
This week it was the muffler, last week it was the water pump. Does it seem like there is always something breaking on your car? If your car is constantly breaking down, it might be time to sell it. Think about how much money you have spent on car repairs. Do you feel that the costs of maintaining your car outweigh the benefits? If your answer is yes, sell, sell, sell your car!
8. Need more * insert reason here * Car
If you just had a child and have a two-seat sports car, it’s time to sell your car. If you just sent your kids to college and you still have the minivan, it might be time to sell your car. Whether you need something else, sporty, roomy, efficient, roomy, or anything else, you can sell your current car and buy a new car that is better suited to your needs.
9. You are in the NYC / Tri-State area
