If you’re torn in between whether you should keep your car or sell it off, chances are there is a possibility you should. At the back of your head, your consciousness is well aware that even if you make this choice, it is likely you’ll do just fine.
But if you’re still in a dilemma, we’re here for you.
Here’s 6 signs that are worth considering on whether you should keep your car.
At a glance:
- You are well-connected to public transport;
- You struggle to pay off your car instalment;
- You barely use it;
- Your car is in good condition;
- Your needs have changed; and
- It’s 2022.
1. You are well-connected to public transport
Being connected to public transport is truly a convenience, especially when you live in high-density states such as Selangor or Kuala Lumpur. Commuting to work and getting around with public transport allows you to save a huge amount on transportation costs. Did we also mention that taking public transport is also a great way to burn extra calories and decrease the carbon footprint we have in the world? Talk about three birds with one stone!
2. You struggle to pay off your car instalment
We get it. Sometimes it’s really cool to have a nice sweet ride that you get to call your own. But let’s face it… Is the car instalment really worth struggling for? More often than not, it’s best to be honest with ourselves to let the car go when we struggle to pay off the monthly instalment. Because if you don’t, there would be a dirty credit record on you, and that’s not the most ideal especially if you plan on using bank financing facilities in the future.
3. You barely use it
If your daily regime doesn’t require you to use your car that often, it is likely you are just burning money in your car park or garage. Owning a car costs you money every single day, even when you’re not driving it. Car insurance, car park costs, road tax, list goes on. It’s not worth keeping if you don’t use it that often. We’ve been there, so trust us on that!
4. Your car is in good condition
If your car is in good condition and you don’t use it often, it’s probably a sign. Cars that are well maintained and are in good condition including its exterior can probably fetch a sweet value for your car.
5. Your needs have changed
Maybe 5 years ago, your first car was only to help you get around places. But now that perhaps you carry a lot of things with you to work; or you travel far distances and would love to experience a more comfortable drive; or even you’ve started a family! Our needs as humans are constantly changing, and if your car no longer serves your purpose, it’s probably time to let it go!
6. It’s 2022
This applies to those who have been thinking about selling it off for some time already. It’s a weird reason, but hear us out! There’s a worldwide microchip shortage. That means the supply is low and the demand is high. Selling off your car with the current market conditions means you’ll get much better value than if you were to sell it a year or two ago. If you don’t use it often and you’re well connected to everything, do it!
Sell Your Car At Carco!
If you’re ready to sell off your car or would like to get a quote, head on over to carco.com.my!
They are one of the leading car dealing platforms in Malaysia that has over a decade’s worth of experience under their belt.
