Should I Sell My Car Or Keep It?

When our car is starting to get old the question, “Should I keep my car or sell it?” often comes up.  There are some things to think about, and two possibilities here.  We want to make sure we get a good amount of money back, and that we’re not putting too much money into the car.  It can be a tough decision, but if you consider a few of these answers, you may be able to make up your mind.

Sell only if…

  • You only want to sell your vehicle if you have a good offer on your car (you can get quite a bit back.)
  • If it’s becoming too much work for too much money.
  • If you can buy a better car in better condition for an affordable price.
  • If it’s not running well (not as reliable as you’d like.)

Keep only if…

  • Your car is running well.  Some people want a new car just for having a new one, newer features, etc.  Although, you could save a lot of money by not buying a new one.
  • You can’t get a lot of money back. 
  • If it’s costing you nothing but the gas money to fill it up, you’re in a good situation.  At this point, you want to run it till it dies.
  • If you can’t really afford a car now, and yours is running good enough.

Deciding whether or not you should keep a car is a tough decision.  There are advantages and disadvantages to both, but you just have to find out which one out ways the other more.   The most important thing here is not spending too much money, saving money, and finding a car that is reliable and one that runs well.  For now, consider a few of these tips to help you make your decision, and to find out where you stand!

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