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What's The Best Time to Sell Your Car?
Money Management

What's The Best Time to Sell Your Car?

Are you planning to sell your car? If so, you might be wondering what’s the best time to sell. Timing is everything when it comes to selling your car.  It can determine how quickly you sell your car and fetch a good price for it. In this blog post, we’ll discuss the best time to sell your car and what factors to consider. 

Let’s dive right into it, shall we?

End-of-Year Rush

The Kenyan car market, especially the used car market, shows distinct seasonal patterns. Certain periods of the year are more favorable to sellers. The end of the year, especially December, is a prime time to sell your car.

There are many reasons to sell your car in December, but the main ones are:

  • Year-end bonuses: As employees receive their annual bonuses, their disposable income increases and, in turn, boosts their purchasing power. This creates a demand for cars. 
  • Festive Season Family Showoffs: Most people will be traveling upcountry to join their families for the festive celebrations. Everyone wants to get something to show off when they get home, and a car is often their go-to purchase. 
  • New Year Resolutions: People often make New Year's resolutions to buy a car, and save for it throughout the year. At the end of the year, they take out their savings to act on these plans.

New-Year Bounce Backs

People spend Njaanuary recovering from festive season extravagance (in addition to school fees and other basic expenses). It’s therefore a difficult time to get a good deal on your car. But things start picking up around March when kids are settled in school and people are getting back on their feet financially. 

Events and holidays such as Valentine's Day and Easter holidays also see an increase in demand as people buy cars for their loved ones. 

Day of the Week and Time of the Month

Beyond seasonal trends, there are also specific days and times of the month when it’s easier to sell your car and get a good price for it. Weekends and holidays, when people have free time to shop around for a car, increase the likelihood of a quick sale.

If you’re selling a daily commute car that would be a hit among the working class, it’s easier to sell towards the end of the month when they receive their salaries. 

Tips on How To Sell Your Car Quickly

However, it’s important to remember that the increased demand during these periods also means more competition in the market. You must stand out if you are to attract buyers and get a good deal.

The good news is that you don’t have to do anything extraordinary to stand out among the crowd. There are simple tips that will help you prepare your car for sale and sell it as quickly as possible for the best price. Examples include:

  • Inspecting the car so you’re able to be upfront with buyers on any fixes needed
  • Organizing the car’s paperwork
  • Getting valuation done for fair pricing 
  • Cleaning the car

You can read more details here

There are also ways to increase the resale value of your car when selling. 

Sell Your Car Today, the Peach Way

Above all, selling your car through an established dealer such as Peach Cars takes the hard work off your shoulders and makes it easy to sell. We will handle marketing, buyer screening, and all the paperwork so you don’t have to. Selling your car with Peach Cars is easy, secure, and convenient.

Get started on selling your car with Peach Cars.

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