Millions of drivers are faced with the same question every year: Have another repair done or get rid of their old car? We’ll give you the right advice and lots of tips on when to buy a car and how to get the most money out of your old man.
When to part with the used one?
Every year more than ten million cars change hands in Germany, including around 3.5 million new cars and 7 million used cars. Always a difficult decision: when is the right time to swap a car? Where do I get the most money for my used vehicle? Times are changing: in the 1970s, the average age of the car fleet was around five and a half years. It has now risen to over ten years besides also be because some people lack the money to buy a new car. Above all, it shows how reliable most current vehicles are: 150,000 to 200,000 kilometers are the norm today. In the 1960s, some cars finally gave up after around 100,000 kilometers.
Today’s vehicles hardly have any typical weak points
The expatcarbuyers used car experts have been observing sell a car market for years. They regularly test popular used vehicles and analyze defects. From an economic point of view, you can drive your car for a very long time now, the experts have discovered that there are no longer any typical weak points. Rather, isolated errors in production or defective components cause the problems, because: With 20,000 individual parts, which usually come from the cheapest supplier, something can always go wrong. Such errors or product recalls can be found on our used car portal.
If you look at the average loss in value of a car, you can see the following: Immediately after the first registration, the resid al value plummets and after about two years it descends evenly. The figures show that those who replace their new car after five years are doing pretty bad business, with a loss of around 65 percent that speaks for itself. For comparison: In the following five years, the total loss in value is only 25 percent.
Repairs are usually worthwhile, even for older cars
At some point, the repair costs rise noticeably. For many car owners, this is an occasion to think of a new one. A typical mistake in thinking, experts observe, because: Even if it costs nerves and money, repairs for eight-year-old cars usually pay off for a few hundred euros. If it becomes significantly more expensive, it is worth doing the math. Because: Repairs do not increase the sales value of the car.
The rule of thumb is: if the repair is more than half of the residual value, it is better not to repair the damage, but to sell the car. Those who still invest a lot of money in the old one should keep it until the bitter end.
A fresh MOT brings real money when selling
Regular inspections are always important. The expatcarbuyers technology experts do not believe in doing without old cars for the sake of the economy. On the one hand, because inspections are essential for the safety of the car. On the other hand, because a conversation with the auto mechanic can provide information about upcoming, really expensive, and uneconomical repairs. Just like the expatcarbuyers used car check.
What buyers always value: a fresh general inspection. Even if the residual value scratches the zero line according to the table: That can bring up to 2000 euros. Cosmetic repairs, on the other hand, do not influence the value. Scratches in the paintwork or stone chips in the bonnet are factored into the guide prices.
Here you can read how to find the right price for your used vehicle.
Seven tips for selling a car
Selling a car – a tricky business. You can only get a fair price and make a legally secure sale with appropriate preparation and taking some advice into account. These seven tips will help sell a car.
1. Good condition
Your car should be in perfect technical condition for sale. The technical condition of a car can be certified in a car workshop or expatcarbuyers test centers. Deficiencies in the beauty that unnecessarily depress the price should be corrected. Ideally, the rims are cleaned, scratches in the paint are removed and the car is polished before it is sold. It also cuts a fine figure in photos.
2. Where to sell?
The quickest way to go is the dealer, but you won’t get the best price there. If you sell a car privately, you can make more money. For this purpose, advertisements can be placed online or in the newspaper. Besides, a printed advertisement can be hung up in the car. Passers-by can also see that you want to sell.
3. The value of a car
A good starting point is similar used cars that are also comparable in terms of engine type, year of construction, mileage, and equipment.
4. The perfect ad
The equipment of the car should be specified as precisely as possible. A short, meaningful text emphasizes the advantages of the car, for example: well maintained, a few kilometers, extensive equipment, special rims, etc. In the description, however, defects and damage are clearly stated. Information on when the last main inspection was carried out is mandatory. If the car was in the workshop shortly before it was sold, this should also be stated. Details such as new brakes add value. Many pictures give potential buyers a good impression of the vehicle.
5. Meaningful photos
A picture is worth a thousand words: For good photos, your car has to be clean and the paintwork has to be polished. Photograph the car from different perspectives. Some details should be taken of the interior, as well as high-quality equipment details and the mileage. If the car has defects, it should be photographed. That is honest and creates trust with the buyer.