In life, our mobility needs are always shifting. The car that once fit your routine may no longer suit your changing family size, lifestyle, or even driving habits. Maybe your family is expanding, and you need a roomier vehicle for those long balik kampung trips. Or, perhaps, the kids have left the nest, and itâs time to downsize to a zippier, more efficient runabout.
Sometimes, your active lifestyle demands a car that can carry all your gear or a career change might require a different type of vehicle altogether. These are all valid reasons to consider selling your car and upgrading to something that better fits your current needs.
When is it time to sell your car?
Knowing the right time to sell can significantly influence the final sale price, and timing plays a crucial role. Hereâs a breakdown of when it may be best to part with your vehicle:
3-4 Years: As your car reaches the 3-4 year mark, itâs an opportune time to sell and upgrade. At this age, the car is still relatively new, often retaining a portion of its manufacturer warranty, which can significantly boost its selling price. Plus, it has passed the steepest depreciation phase, meaning the used car market prices are also more stable.
5-6 Years: Around this time, the manufacturer's warranty may have expired, but if youâve maintained the car well, it can still command a good resale value. At this stage, you might be able to settle your outstanding loan amount (with the sale) or even pocket some surplus cash even if you took a longer loan tenure (7-9 years).
7-9 Years: This period often brings an important decision for the current owner. As components like wear-and-tear items start to show their age, some parts may need replacement. Youâll need to weigh the costs of rising maintenance against the possibility of upgrading to a newer vehicle. If you choose to sell, the car's age still qualifies it for a 6- to 8-year hire-purchase loan for the next owner, making it easier to sell.
More than 9 Years: Even if your car is over 9 years old, itâs still possible to sell. However, major components such as the engine, gearbox, or air conditioning system may need repairs to achieve a higher sale price or choose to keep it. On the plus side, with the hire-purchase loan likely fully paid off, any proceeds from the sale can be put towards a new purchase, making it worthwhile to maximize your sale price.
Of course, there are other reasons to sell beyond just age. Perhaps your car has become too expensive to keepâmonthly repayments might feel burdensome with newer financial commitments, or the cost of maintenance could be increasing as the vehicle ages.
In some cases, certain models may not hold their value well after a certain period, making it a smart move to sell and settle your outstanding loan while you still can. This allows you to upgrade or downgrade to a newer vehicle that better fits your needs.
When selling your car, you could go down the private sale route, but it often comes with its own set of challengesâmandatory inspections, tricky negotiations, time wasters, and the inevitable wait for the right buyer. Trading in your car is far more convenient but might not always yield the intended returns.
Thatâs where CARSOME can step in, offering a fast, hassle-free way to sell your car with a fair valuation. Through its seamless used car buying and selling platform, you can receive a fair-value offer, oftentimes higher than prevailing trade-in prices, and potentially sell your car in a single day.
âThe process is straightforward and transparent, designed to give sellers peace of mind and convenience. Simply book a free, no-obligation valuation to gauge your carâs market value and make an informed decision without any pressure to commit.
Additionally, CARSOME also offers a unique bidding option, where your car is presented to a network of potential buyers, maximizing the chance of getting a higher offer. Whether youâre looking for a quick sale or interested in securing the best possible price through the bidding process, CARSOME has options that suit your need
No better time to sell your car to CARSOME
As an added bonus, CARSOMEâs Year-End Gempak Promotion is currently in full swing, where lucky winners can receive up to 7 years of FREE car instalments, valued at up to RM 84,000.
Running from 1-September to 31-December 2024, the promotion will award one winner each month, with a Grand Prize winner announced in December. The prizes are:
CARSOME Gempak Campaign Prizes |
September |
1x Monthly Prize: RM 12,000 (RM 1,000 x 12 months) - Completed |
October |
1x Monthly Prize: RM 12,000 (RM 1,000 x 12 months) |
November |
1x Monthly Prize: RM 12,000 (RM 1,000 x 12 months) |
December |
1x Monthly Prize: RM 12,000 (RM 1,000 x 12 months)
+
1x Grand Prize: RM 72,000 (RM 1,000 x 72 months) |
By selling or trading in your car, youâll automatically earn tickets for a chance to win incredible prizes. The same goes if you purchase your next car from CARSOME during the campaign period. Not planning to buy a car? Fret not, you can also refer a friend and earn tickets for a chance to win.
âTickets are stackable, meaning the more tickets you earn and have in the pot, the higher your chances of winning. Earning your tickets earlier also increases your chances of being selected first.
At the end of each month, CARSOME will tally up all the tickets and hold a lucky draw at their flagship store, the CARSOME PJ Automall. The draw will be live-streamed on their social media channels, allowing customers to watch and anticipate the winner.
Whether youâre looking for convenience, a fair price, or an exciting opportunity to win big, now is the perfect time to partner with CARSOME and get behind the wheel of your next perfect car.
Also read: First CARSOME Gempak campaign winner walks away with RM 12k; only 4 more draws left