IS IT TIME TO SELL YOUR CAR?

 

As the year quickly draws to a close, it's time to both reflect on all that happened and make sure you do those things to get the new year off to a good start. This includes making the right financial decisions for yourself... at the RIGHT TIME.

As most of you know, the 2022 post-pandemic supply-chain issues caused major shortages in new vehicle inventories. This forced both demand and prices for new and used cars to skyrocket.  Many people took advantage of that situation to sell any vehicle they no longer needed, or trade-in their used cars to take advantage of this sudden and significant rise in value for their used vehicle.

However, it is apparent that new car supply-chain issues are getting straightened out. And although new car supply is not yet at its highest, it is rapidly improving. So much so that the prices for many models of new vehicles are starting to come down.  In turn, demand for used vehicles will start to decline.  Experts are forecasting that the price and demand will both fall for used vehicles in 2023.  Therefore, if you still have an "extra" vehicle that you no longer need, it would be smart to consider selling it sooner rather than later to get as much value out of it as possible. 

If you're thinking of buying a new vehicle yourself, especially for your business, you want to get the most out of your trade-in. It would be wise to ask your accountant if now is the time you should trade-in your new vehicle and update your automotive assets.

And if you are looking to sell or trade-in your vehicle quickly, remember that there are many advantages to doing so with a dealer and sales representative you can trust.  Come visit me and I will ensure you get our honest value appraisal for your vehicle with no commitment for you to sell or trade-in your car.  Accept our offer, and we will give you your check that day! Of course we will also take care of all the DMV paperwork and you get the peace of mind knowing that you are selling to an established business, and not to someone who can potentially take advantage of you.

Finally and most importantly, when you come to see me, Seth Banko, the Castro Car Guy, you know you will be treated with the utmost respect that you deserve.  Also, I am backed-up by my dealership, Serramonte Ford, and its management to ensure that you are treated throughout the vehicle selling and buying experience as valuable customers should. Let me help you take advantage of this swiftly closing car-selling window by calling me at 773.620.2868 or email me at seth@castrocarguy.com.

Here's wishing you all the happiest and most successful New Year and my deepest thanks for all your support!

Seth