an infographic on the best time to sell your car.

1. GETTING TOP DOLLAR:
WHEN & HOW
TO SELL YOUR CAR
Time of the Year
Vehicle Mileage
Date-Driven Demand
State of the Economy
Weather matters when it comes to getting the best
price for specific types of vehicles. Trucks tend to sell
best in fall or winter; convertibles and sports cars are
more highly valued in spring and summer.
Milestones such as 40K, 70K and 100K are often
associated with warranty expirations and much
higher maintenance costs.
Assess your car’s value (online resources can help)
Compare classified ad prices
Collect documents such as bill of sale form, vehicle history
report, service records, title
Create a sales pitch
Determine how payment will be handled (be cautious and
discourage personal checks)
Find out whether your state charges a sales or use tax
Determine any income tax implications
Businesses may have to report proceeds if they have used
depreciation; individuals may have capital gains if they profit
through restoring a vehicle or if a collectible has appreciated, etc.
Buying interest picks up during tax return season,
graduation season, when it’s time to return to
campus, and when new car dealers are holding
holiday sales events.
In a booming economy, luxury cars and SUVs
are in demand. Low gas prices and costly public
transportation also lead people to drive more, and
low interest rates make car loans attractive. When gas
prices rise, demand switches, increasing for
fuel-efficient cars.
HOW TO DETERMINE THE BEST TIME TO SELL
TIPS TO HELP WITH THE SALES PROCESS
BENEFITS OF SELLING AT AUCTION
Process isquicker thanselling by owner
No
value lost
via trade-in
Opportunity
to realize vehicle’s
full value
Separateadvertising costseliminated
Market for
interested buyers
already in place
Would-be
buyers/strangers
don’t have to visit
your home
Auction businesses
are experienced in
sales process
Nohassles, phonecalls, schedulingtest drive times
www.capitalautoauction.com