It’s time to sell your car

Friday, 18th February 2022

Cars

‘Used cars have increased in value by a massive 30 per cent’

• IF you do not use your car much, now’s a really good time to think about selling it.

Normally used cars fall in value each year, but over the last year they have increased in value by a massive 30 per cent (Office for National Statistics) due, it is understood, to the difficulty of getting new cars, owing to Covid-related production and delivery problems.

It would be a real shame to miss out by not selling now, and then selling next year when the value has dropped again.

Most households in Islington (about two-thirds) do not have a car and manage perfectly well without.

Many young people are not even bothering to learn to drive, realising that living in a major city means that owning a car brings costs and problems, rather than the freedom promoted in the ludicrous car adverts.

If you think that you need to keep the car because, although you seldom use it, there are occasions when it’s essential, why not investigate car clubs? They are designed with you in mind.

You will make money by selling your car and then save money every year by not paying to keep your car. This costs between some £3,400 and £5,700, depending on whether you pay car finance.

You can stop all that waste and bring in some significant funds by selling your car now. Other people are doing just that. It’s definitely worth thinking about.

RICHENDA WALFORD, N1

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