I bought a car in September 08, my first car. It’s a 55 plate Vauxhall Astra SXi 1.4ltr petrol in Silver, i took it on a 5 year finance agreement paying £130pm.
As it was my first car, i was excited, but stupid. I hate the car, i don’t like it so much i avoid driving it. Don’t get me wrong, i like Vauxhall, and i do like Astra’s, but just..not the car i have. I love cars and would never mistreat a motor simply because i don’t like it, i am a careful driver and take care of my car.
I am absolutely itching to get rid of this, i.e trade it in for another model. I earn around £17,000pa take home £1,100pm. From any car sales person or simply a motor lover, can someone tell me roughly, when is the right time to trade my car in, and if i trade it in now what are the possible consequences?
I know if i trade this car in, i will take my time and take care of my choice and it will be a car i keep, so as far as negative equity goes or losing money on my car, should i be that bothered?
The best time is either just before a new reg is due out because sales are down as people are waiting to upgrade or near the end of a month when salespeople are desperate to reach their monthly target.
P.S. How’s your paradiddles?
The best time is either just before a new reg is due out because sales are down as people are waiting to upgrade or near the end of a month when salespeople are desperate to reach their monthly target.
P.S. How’s your paradiddles?
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i figure spring is the best time, reason being if the darn thing breaks down it is not so bad as winter and snow cold etc..the time from spring till fall you get to know the vehicle and it’s quirks!
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I’m assuming that you’re in the UK, so there may be some differences in the auto market from the UK to the US.
You could trade it in right now, but keep in mind that you may owe more on the car than it would be worth on the trade. In the US, it generally takes about 3 years of owning a new car for the car to be worth about what the owner still owes on it.
You can go into a dealership of a car that you’d consider buying and find out how much they would give you on a trade. I don’t know how car depreciation is in the UK, so it might be a few hundred pounds or a few thousand pounds. Basically, you might need some cash down to get into another car (and would lose some money). Or it might not be financially worth it to trade right now, and you’d have to keep the Astra for another year or two until you owe on the loan about what the car is worth.
You can start researching cars right now (no matter what you can do about your current one), figure out what you need from a car, what you like/don’t like in a car, etc. Then when you are able to trade in the Astra, you will have a good idea of what you want.
Good luck!
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former car salesperson (in the US)
The best time to buy a car is when you are ready to buy. Just negotiate, your brains out. Rebates and interest rates don’t really change that much on cars unless it’s a brand new model in which case there are no rebates. The invoices on cars don’t change whether it’s an 09′ in 2010 or an 2011 in 2010 don’t get caught up on which time of year.
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Car Salesman