Best time to sell your car

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The best time to sell a used car is at the end of January or the beginning of February, as dealerships will be up to their necks in trade-ins and so they’ll be less interested in taking your trade-in.

It is also a good idea to avoid selling your car during June, July, and August as those are the months where passing rates for driving licences are at their highest.

The age of your car also plays into this – any car that’s between 12 and 18 months old is going through its worst period of depreciation (at least under normal market conditions) so this is a bad age at which to sell.

Depreciation flattens out after this so you’re more likely to get a similar value for a car between 18 months and three years old, assuming you’ve kept it in good condition.