In Pakistan, the used vehicle market is flourishing. The volume of registered used vehicle sales is 2 to 3 times higher than new vehicle sales. Thus, each year, nearly 5.6 million used car for sale in lahore change hands. You should know that from the first year of entry into circulation, a new car loses between 20% and 30% of its value. So when you want to sell your vehicle in lahore, you can ask yourself: when is the best time to sell a car quickly and at a good price?
To find the best time to sell a car, you must take into account a certain number of criteria.
Factors to consider
Unless you own a classic car, purchasing a car is far from being an investment, in fact it loses value every year. To limit financial losses during resale, it will be necessary to consider certain criteria such as age, mileage and seniority of the vehicle within the range to find the best time to sell a cars in lahore.
The age of the car
If you obtained a big discount when purchasing a new cars in lahore, by reselling it very quickly, that is to say after 6 months to a year, you could limit the depreciation of the vehicle and only lose 10% maximum. A vehicle still benefiting from the manufacturer’s warranty will reassure potential buyers and you will be able to get a good price for it.
The best time to sell a car is not the same depending on the brand or model, but resale after 4 or 5 years is one of the best times. In fact, you could thus avoid paying for the replacement of certain worn and expensive parts such as the clutch or the timing belt for example.
Reselling your car as late as possible also allows you to completely amortize your purchase price. A car at the end of its life will hardly suffer any reduction. You can choose this time to sell your vehicle.Â
Mileage
If you want to sell at the best price, in the minds of potential buyers, there is a psychological limit of 100,000 km. For a consumer, a petrol model is considered worn out at 120,000 km and at 150,000 km for a diesel model. The best time to sell a car is when it has between 60,000 km and 70,000 km on the odometer. Or after 4 to 5 years if you cover 15,000 km per year and less if you drive a lot.
Seniority within the range
Be sure to closely monitor the release date of the model that will succeed your car. Indeed, a new, more efficient and better equipped model will undeniably lower the market value of your vehicle in lahore. The marketing and release of this new model may have an impact on the price of the vehicle and you could suffer a loss of around 5 to 10%.
The most favorable times of the year for resale
The used car market is also sensitive to seasonal variations. Certain periods of the year such as January or August remain relatively calm. Certain models are also more sought after at certain periods, such as convertibles when the good weather arrives or station wagons and minivans before the summer holidays.
In spring
The best time to sell a car would be in the spring. Traditionally during the period from March to June the number of transactions is higher than the rest of the year. Among the best-selling models.
In September
If sedans, sports cars, SUVs or 4x4s are hardly sensitive to seasonal variations, we see that city cars sell better in September. Moreover, Turbo has published the list of the 30 best-selling cars in Pakistan in 2019 (between January 2024 and September 2024),
Selling to a professional
By selling your car to an automobile professional, certain periods will be more favorable for getting good deals. At the end of the month or at the end of the fiscal year, to meet their objective, dealers may agree to make you a good trade-in offer, particularly if you buy a new car for sale in lahore vehicle from them.
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