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Buying new car – when you should sell old car ?
Buying new car

Should I Sell Old Car Before or After Getting a New car?

Getting a new car can be an exciting and beneficial process. There’s nothing better than sitting behind the wheel of a brand new car, ready to tackle the road ahead. Although this is the image many of us are hoping for when buying a new car, for most of us it’s far from reality.

There’s no denying that a lot of factors come into play when buying a new car. You have to decide which car you are going to get, how you’re going to pay for it and where exactly you are going to get it from. No one said it was going to be easy, but with a little planning ahead and a lot of determination, the process can in fact be very rewarding.

One question that seems to come up a lot from people buying a new car is “Should I sell my old car before or after purchasing a new one?” This is a good question as there are no rules as to what you’re required to do, so it’s entirely up to you.

In theory you should always wait before selling your old car until you’re in possession of the new one. This will ensure that you won’t end up without a vehicle, should things go wrong.

In reality, it all depends on how you are financing your new vehicle. If you are buying with cash, you’ll want as much money as you can get, in order to purchase the car that you want. In this case, it might be wise to sell your old car prior to the purchase to raise funds.

If you’re going with car finance, on the other hand, then you don’t need a lot of money to begin with, which means that you don’t necessarily have to sell your old car straight away. Keeping it for a little longer, will ensure protection and guarantee that you have a car to get yourself around.

There is no right way to buy a vehicle, so take into consideration your circumstances before making a final decision. The best things you can do is make an informed choice based on what’s in front of you.

Be sure to leave a comment if you enjoyed this article and don’t forget to come back soon for more informative and fun content form Money PR.

One Comment so far:

  1. Johng837 says:

    Definitely pent topic matter, appreciate it for selective information

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