Have you been debating whether to keep or sell your old car? On the one hand, you may want to keep the car for emergency transportation needs. On the other hand, it’s taking up space and costing you money. Here are some questions to answer before making a decision.
1. How Often Do You Use the Car?
The most important thing to figure out is how often you actually use the car? Do you use it twice a week or twice a month? If you use it regularly, you have a good reason to sell the car unless you’re looking to buy a new one. But if you use it twice a month, you’re not getting much value out of the car.
2. How Much Money Is the Car Costing You?
The next thing to look at is how much the car is costing you. You have to look at several things from the insurance you’re paying, repair costs, maintenance costs, and other fees associated with car ownership. You should be able to tally the monthly cost of keeping the car.
Now compare that to the cost of using a cab service, car-sharing subscription, or rental services. Depending on how often you use a car, you’ll either find it more affordable to keep the car or sell it.
3. Are You Planning on Buying a New Car in the Near Future?
Another thing to consider is future purchases of a car. If you’re planning on buying a new or used car in the near future, you may be wondering if it’s worth keeping the junk car you have right now. You want to look at how much it costs you to keep the car until you get a new one.
If you’ve already signed up for paying insurance rates up to a certain period, it might be smart to keep your car until you have to renew. This makes the most economic sense. But if you’re not using your car much at this point and you plan on buying within the next few months, maybe it’s time to sell.
4. How Importance is Comfort and Convenience to You?
Convenience and comfort is something you should think about. Yes, it’s easy to opt for ride-sharing and other car rental services. But it can get annoying if you have to rely on them multiple times throughout the day and throughout the month.
You may not also like ride-sharing solutions, as you prefer to be comfortable. It’s up to you to figure out if the comfort and convenience of having your own vehicle are worth the cost of keeping the car. At the same time, you do have to consider the fact that there are fewer responsibilities that come with not owning a car.
5. How Much Can You Get for Your Car?
Finally, you want to see how much you can actually get for your car. Since it is a junk car, you may not get so much money upon the sale. The money you can get may not justify the benefits of keeping your car for a longer period of time.
It would be better to sell the car to a company like a pick pull junk cars if you’re not using your junk car. You can opt for cab services in the rare times you actually need reliable transportation. Another option is to subscribe to car-sharing or rental services in your local area.
To get an accurate quote for your car, it’s best to talk to multiple buyers and companies. This will also help you get the maximum amount you can possibly get for your car.
These are all things that you should consider when figuring out whether to keep your car or not. For most people, it will come down to the costs of keeping the car and whether the convenience is worth the cost.