What Mileage Is The Best Time To Sell My Car?
If you’re leaning toward selling your car, you may want to factor the mileage into the equation. Being one of the main components in determining the overall value of your car, selling in alignment with your car mileage can offer you a great advantage. But why should you consider mileage when selling your car? And what mileage is the best time to sell your car?
Why Consider Mileage When Selling Your Car?
Your car mileage gives a good overview of when it is optimal to sell your car as it ultimately determines the value of your car and what you are likely to get for it. This is because buyers’ opinions of cars for sale is greatly based on the accumulated mileage, with cars carrying low mileage considered to be more appealing than those with high mileage. It is best not to wait too long to sell, as buyers are generally hesitant to purchase an overly used car.
That being said, selling your car too early with a few miles on the clock may cause you to lose a consequential amount of money.
What Mileage Is The Best Time To Sell Your Car?
Knowing the optimal time to sell your car will make it much easier to find a buyer as well as ensure that you get the most out of the car. Generally, new cars see the greatest depreciation in value within the first year. Value usually decreases until the car has reached 36,000 miles and is no longer covered by the manufacturer’s warranties. If you’re looking to obtain the maximum value of the car when you sell it, we don’t recommend selling it at this time.
If you are hoping to sell your car without having to spend money on repairs, we suggest selling before your car reaches 60,000 miles. You may not receive the greatest value for it, but it won’t cost you nearly as much to sell as it would in its first few years.
If you are looking to get the most value out of selling your car, 60,000 to 100,000 miles is the sweet spot. Although it may require some expensive repairs, you will have gotten a lot out of the car if you have kept up with scheduled maintenance and should also get a fair price for it.
Anything above 100,000 miles is ultimately less desirable to buyers, regardless of the car’s condition and capability to run. They are seen as risky investments as they are likely going to require expensive repairs soon along the road. Thus, you may struggle to find a buyer, and you likely won’t get much from the sale if you do.
That brings us to the end of our run-through of what mileage is the best time to sell your car. Hopefully, this has offered some guidance in deciding whether or not to sell. If you would like to learn more about when to sell your car, get in touch with Auto Pedigree.
Tips For Checking The Service History Before Buying A Used Car
Buying a car is among the biggest common purchases made globally, with the sale of used cars increasing greatly over the years. The golden rule: never buy a used car without its service history. Granted, some used car sellers will be unable to provide you with service history, which is not necessarily a nail in the coffin. Here are some helpful tips for checking the service history before buying a used car.
Used Cars With No Service History
As many in the market for used cars will realize, car owners, don’t always keep a hold of service histories. This could be because the service histories have gotten lost, or been thrown out or the owner simply isn’t one for keeping documents like service histories. That being said, you may still be able to track the used car service histories down. If the used car received scheduled services with its official dealer, there will be a record of them which you can usually get a hold of quite easily.
The problem comes in when the car owner doesn’t have the service history and there is no alternative route for you to acquire it. Overall, it is a risky endeavour to buy a used car without any service history. Often issues arise that can be problematically dangerous out on the road.
What To Look For In The Used Car Service History
The service history of a used car is made up of all previous maintenance work carried out on the car. Often this includes common jobs like oil changes, engine air filter replacements, windshield and battery check-ups and replacements etc. It is also vital that spark plugs have been changed as worn down and faulty plugs could cause the engine to operate inefficiently, leading to increased fuel costs and potential breakdowns. Be sure to check that the used car service history states that the car is correctly aligned as this will prevent the need to replace all four tyres at one time as a result of uneven wear and tear.
There are some service records that are direr than others. Ensuring that the timing belt has been changed frequently enough is vital as this is a particularly expensive service that can result in the timing belt snapping if it is neglected. Ultimately, without service records, it is almost impossible to know if and when the car has been maintained.
Overall, a used car service history indicates that the previous owner has taken adequate care of the car and you won’t be setting yourself back by buying it. If the previous owner has kept up with maintenance and has the records to prove it, it can be assumed that the owner took pride in the car and it has been well looked after. Get in touch with an Auto Pedigree representative to learn more about buying a used car.
Used Car Mileage Vs Age - Which Is More Important?
When looking into purchasing a car, whether it is new or used, age and mileage are key contributors to the overall value of the car. However, over time the importance of the two measurements and what they actually symbolize isn’t as clear as it once was. Let’s take a look at what used car mileage and age are, and which is more important.
What Are Used Car Mileage And Age?
From the standpoint of car depreciation, used car mileage and age go hand-in-hand. To put it into perspective, which would be the better choice? A newer used car with a lot of miles on the clock, or an older used car with less miles? A confusing question, to say the least.
Mileage refers to the cost of use, with the value and worth of the car depreciating the more it has been used. This is because parts of the car have an expected time period of endurance before they begin to operate at a reduced level. Simply put, the more miles on the clock, the more likely the car will be in need of some repairs down the road. On the other hand, age symbolizes the cost of time on the used car. Ultimately, with every year that the car grows older, its value depreciates accordingly. This is also due to the likelihood that it will require some TLC at some point. From the perspective of car depreciation, mileage and age go hand-in-hand.
Which Is More Important?
A newer car with high mileage will likely be equipped with improved tech and safety features. It will also likely have been mostly driven along motorways, meaning that the mileage on the car is what we call “good miles” as they aren’t as harsh on the car. Granted, it will still drop in value should you sell it in future.
An older car with low mileage won’t depreciate too heavily, which is beneficial if you plan to sell it in future. However, it will likely lack the updated safety and technological features that newer cars have.
Ultimately, there is no sure answer to this question. The best option overall is to go with a used car that does the job for you and has been maintained well during its lifetime. Overall, all aspects of the used car's previous journey factor into its final value. The choice is yours to make. If you are curious about used car mileage, get in touch with an Auto Pedigree representative today.
Should I Sell My Car? Finding The Right Time To Do It
Over the course of your car companionship, you may find yourself needing or wanting a change. This could be due to a plethora of reasons, maybe you simply want something new, or your day-to-day needs now require something a bit different. Whether or not to sell your car can become quite a conundrum, so here are some tips on finding the right time to sell your car.
The Condition Of Your Car
There are opportune times to sell your car along its journey. Ultimately, somewhat newer cars that are in good condition have a great chance of being sold for a good price. Especially if they are under 60, 000 miles as this means the dealership warranty still holds validity. In retrospect, older cars that aren’t in great condition with over 100, 000 miles on the clock may be difficult to sell for a desirable price.
Consider the amount of necessary work your car requires. If vital components aren’t functioning as they should then it may be time to send it off, regardless of what it is worth.
The Age Of Your Car In Relation To The Market
As a result of the pandemic, we faced a global microchip scarcity which slowed the production of new cars, causing both new and used car prices to climb dramatically. This temporary issue is expected to carry on during the course of 2022. In light of this, now is an optimal time to sell your car for a fair price.
A Car That Suits Your Needs
This is an easy way to determine whether or not to sell your car. Is your car fulfilling your needs effectively? When we look at buying cars, finding one that caters to your needs should be the first consideration. When looking at whether or not to sell a car, consider whether it meets your current needs. This is important as our needs are always changing, so we must make adjustments to remain in alignment with them.
Consider your day-to-day activities. Do you require your car? Do you require a certain amount of seating room? Do you haul heavy loads? Do you travel considerable distances on a regular basis? These are some helpful questions that may help you to determine whether or not your current car meets your daily needs as well as offer some direction in finding a new car that does the job. If your car is not meeting your needs, it may be time to sell.
That concludes our run-through of finding the right time to sell your car. There is a multitude of considerations that will help to define this, and you can get in touch with an Auto Pedigree consultant to discuss more.
Being involved in a car accident is something all motorists dread because of the emotional and financial implications involved. In the unfortunate event that you are involved in a car accident, here is what you need to do.
Remain At The Scene
Stop your vehicle immediately, and assess the accident and extent of vehicle damage.
Ensure The Safety Of Those In The Accident
Ensure that you and any passengers in the car are unharmed or need medical attention. Where someone has been injured, call 112 from any cellphone network free of charge. The call centre will take your accident information and dispatch emergency services closest to you. During this time, do not move the vehicle until emergency services have arrived and the police have been called.
Assess The Damage And Document The Scene
Using your smartphone take images of the accident scene from all angles you will need to serve them as evidence when making a claim to your insurance company. Make notes of the date, time, weather, location of the accident and any significant contributors to the accident such as traffic lights out of order and road terrain. In the event that you do not have insurance, request a quote from a towing service nearby.
Record 3rd Party Driver And Vehicle Information
Record all necessary information about the other drivers and vehicles involved, such as:
Details of the other drivers (names, contact details, address, vehicle insurance information).
Include an image of the other driver’s license.
Details of vehicles involved in the accident (make, model, colour, reg number) of each driver.
Details of eyewitnesses if it is a serious accident.
Contact Your Insurance Company
Inform your insurance company of the accident and what transpired. Be honest as any dishonesty found will affect your insurance claim. Your insurance company will dispatch a towing truck for any mechanical or electrical breakdown which would fall under roadside assistance. An insurance cover like the comprehensive cover ensures that accidents caused either by yourself or by another driver are covered.
Call The Police
In the event that there are serious injuries, the police will have to be notified and a statement taken. If it is a minor accident, visit the nearest police station closest to the scene of the accident within 24 hours as a case number will be required by your insurance company.
To avoid paying out of your pocket, when you purchase a vehicle from Auto Pedigree, our well-established insurance brokerage will negotiate the best comprehensive vehicle insurance cover at affordable premiums. Speak to us today for a quote This gives you peace of mind knowing that in an accident, you would be covered against theft, damage or any unpleasant accidents.
There is no better time to sell your car than right now. Quality used second-hand cars are the biggest commodity in the motoring industry to date. At Auto Pedigree we will use our expert advice to get you the best deal when you sell your vehicle to us.
Selling your vehicle is a nerve-wracking event and no matter how many times you have done it before, the jitters will always be there. If you’re new to this, take a deep breath and don’t panic, research will ease your worries and any concerns you may have.
Be prepared by knowing what paperwork is needed from you, the seller.
Identification Document or Drivers license
Vehicle Reg Certificate
Proof of ownership
Notification of Change of Ownership
As the seller, you should have a checklist of what buyers are looking for and what you’re able to offer. This will help to determine your vehicle price, your vehicle model’s popularity, and whether a possible market-related offer can be expected.
It’s equally important to disclose any faults or accident history the vehicle may have been involved in. This will give the buyer an idea of the maintenance condition as well as its service history. To omit this information would be an illegal act under the Consumer Protection Act.
Four Ways To Sell Your Car
There are many ways to sell your vehicle, let’s dive into the four most popular ways:
Selling Your Car To A Dealership
With one click, you can sell your vehicle to most dealerships online. You can visit an Auto Pedigree branch for an assessment. Once an evaluation is conducted, a market-related offer will be made. Hassle-free! And within 24 hours. Our friendly and highly trained staff will call you to book a viewing of your vehicle where an appraisal will be conducted and a market-related offer made. Our structure is designed to give you peace of mind and a process that is quick, easy, and convenient for you.
Trading In Your Car
When you exchange your old vehicle for a new one with the purchasing price of the old one. For a market-related offer, it’s advisable to visit your nearest dealership where an appraisal can be conducted to get a sense of the vehicle’s maintenance and overall condition. It will be checked for service and accident history and its popularity in the market. All these play a role in its value.
Private Vehicle Sale
This is when your vehicle is sold to an interested buyer with no facilitator. An interested buyer can be an individual, a car dealership, or a company. We advise that all necessary research is conducted to get the best market-related deal and to watch out for possible scammers. Always practise safety and caution when meeting with potential buyers and finance is discussed.
Selling Your Car Through An Auction
While this may be the fastest way to sell your car, it needs you to exercise a lot of caution, a lot more research conducted and an understanding that market-related offers may not be what you will receive. When dealing with auction houses, it's vital to check their history and credibility. Also, pay close attention to reviews left by others as it’s a great way to know more about the house.
Be mindful that the amount the vehicle is sold for will not be the full amount as a certain portion goes to the auction house for selling your car. Whichever method you choose, it's important to do enough research and to understand what your rights are. While time may be of the essence when you’re looking to sell your car, you don’t want to short change yourself by acting too quickly.
For expert assistance from one of our qualified sales consultants, simply contact Auto Pedigree.
If it's not the rising fuel prices, its food and electricity prices are competing for the top spot. If you’re in the market to buy a new vehicle, the rising interest rates are something to pay close attention to. Think about it, it's your vehicle interest rates and vehicle finance loan as a whole?
Understanding Vehicle Interest Rates
For those in the market for a vehicle, a vehicle loan is an amount given to you by the bank to pay over a stipulated period. During this, an interest rate is included. It’s called the prime interest rate. As any car finance provider will tell you, it is the basic rate that local banks use when charging their clients for the vehicle loan. The prime rate is linked to the repo rate - the interest rate from which banks borrow money from the Reserve Bank. So, when the repo rate goes up or down, the interest rate fluctuates accordingly.
Now that you’ve found your dream car, the bank has approved your vehicle loan and it's time to choose the interest rate you will be taking, will you take a linked or a fixed one?
Linked Interest Rate
A linked rate is linked to the prime lending rate of South Africa. Simply put, it means that when the interest rate increases, so will your monthly instalments. And when it decreases, your monthly instalments will too.
Fixed Interest Rate
However, if your lending rate is fixed, it will not change for the duration of the loan. Your monthly instalments will stay the same.
South Africa's Interest Rate
South Africa’s interest rate is currently at 7.5%, however, some finance deals will have higher or lower interest rates depending on an individual’s credit profile. Let’s look at the current lending rates, both linked and fixed on two vehicles and what you’re likely to pay.
Take two of the most affordable vehicles in South Africa, the Renault Kwid on a linked interest rate while the Suzuki S-Presso on a fixed interest rate.
The Renault Kwid 1.0l Expression retailing at R170 400 at a six-year loan period. The linked interest rate is at 9.75% with the balloon payment incurred at 35% with no deposit. The total repayment amount is R242 864.
While the Suzuki S-Presso retails at R152 900 at a five year loan period. The fixed interest rate is at 10.66% with no deposit and a balloon payment of R53 515. The total repayment amount is R228 567.
However, if the Suzuki S-Presso was at a linked rate of 7.5% (current South African rate) with a 10% or R15 290 deposit, a balloon payment of the same amount, the total repayment would be R188 313.
A potential buyer would save R40 254 from having their interest rate linked. The best way to know what will work for you and your pocket is to seek the advice of a financial service provider. With Auto Pedigree's wide range of vehicles to choose from their in-house financial services make vehicle purchasing simple.
Visit us here for more financial services.
We’ve all heard one too many people say, a vehicle loses its value the minute it's driven out of the car dealership. And while that’s true, some vehicles have maintained their value long after being purchased. How have they done it? In this guide, we will show you how to view and purchase a quality used vehicle and how to spot value for money.
Buying a car is a financial commitment for the next five to six years, which means arming yourself with the necessary information to make a good buying decision is critical. This is important because of the financial and personal implications should the fine print not be thoroughly read or understood.
Here are a few tips for you to get the best
Doing Your Homework
It's important to do research before going out to view vehicles. Once, that has been done, look at the comparative prices of the vehicle you are interested in. The brand, model, demand, and popularity will help you to understand its pricing and reliability. And more importantly, its maintenance, affordability, and lifespan.
Websites like Auto Pedigree will give you a clear understanding of the vehicle’s full specs which help to understand why they are priced in that range. Its mileage, year, and engine capacity will be some of the determining factors to look out for. A low mileage vehicle will always be a preferred choice for reasons because of its possible well upkeep and lack of wear and tear. These will be included in the service plan, maintenance, and accident history report.
Additional modifications such as speakers, exhausts, or even re-spraying, tend to lower the value of the vehicle as opposed to increasing it. Be mindful that purchasing a modified vehicle will mean a possible initial value decrease when re-selling it at a later stage. This is because modifications are made to an individual’s preference and it may not suit the next person.
So, it's best to look for vehicles that are close to the original manufacturer's features and detail as possible. Here is what you look for:
Check The Car Mileage
The higher the mileage, the more wear and tear you are likely to experience. The mileage of a vehicle is crucial as this is one of the determining factors in its retail price. As any motorist will attest, a high mileage vehicle tends to be an expensive exercise in the long run. This is due to the vehicle’s maintenance and overall upkeep. A well serviced and maintained vehicle is less likely to cause issues and keep its value.
With aftermarket modifications, these features tend to lower the value of the vehicle. This is largely based on personal preferences. One might not appreciate a boot filled with speakers while another would prefer a double exhaust. When looking for your quality used vehicle steer towards original features that are standard in the brand or model you are interested in. As well as the colour of the vehicle. According to many dealerships, white and silver are considered to be the safest colours when it comes to vehicle value.
The Retail Price
This is the dealership price of the vehicle excluding extras. This price has considered the vehicle’s brand, model, year, mileage, colour, and other vehicle specs that contribute to its overall value. Much of a car’s retail value is determined by its popularity and demand.
Market Or Trade In Price
These are determined when a vehicle is traded in and the assessment of its condition puts it in line with its market value. The price is usually lower than the retail value. This is not to be confused with depreciation. A vehicle depreciates due to many factors such as the lack of upkeep in vehicle maintenance, wear and tear of vehicle parts as well as lack of regular servicing. All these factors contribute to the depreciation of the vehicle’s value. Its market value however is its selling price in the market.
Now that we have armed you with enough information to view vehicles and ask the right questions, you can start your vehicle journey with confidence.
Speak to one of our representatives when looking for your next quality used vehicle.
Have you had your car serviced yet? If not, maybe it's time you visited your nearest service centre to maintain its longevity and fuel efficiency. As many South African motorists brace themselves for more petrol increases this April due to the Russia and Ukraine war worsening, many will look for fuel-efficient ways to keep their vehicles running for longer and more efficiently.
If the mid-month data supplied by the Central Energy Fund is anything to go by, motorists will be forking out up to R20.88 for a litre of 95 Unleaded coastal while inland will cost R21.60. The cheaper 93 Unleaded will now stand at R21.35 per litre. So, maybe that vehicle service you have been avoiding is overdue and needed.
While these increases may have motorists and commuters buckling their belts even tighter, not all is lost with these fuel-efficient guidelines to keep you and your vehicle going for longer.
Service Your Vehicle
A serviced car is like a healthy body, good maintenance and nurturing will keep it running for longer and extend its lifespan.
And it all starts with which service centre you use. An accredited service centre will provide your vehicle with adequate professional service ensuring that the necessary oil changes, spark plugs, brake pads and air and fuel filters are timeously changed. As any vehicle owner will tell you, regular vehicle service and maintenance play a pivotal role in extending the lifespan of your vehicle and maintaining its value.
More so, regular servicing prevents the vehicle from unforeseeable mechanical problems which tend to be expensive. An unserviced vehicle can use 50% of its fuel by running poorly through having to use extra energy. Take a spark plug, a cleaned one could mean cleaner and more efficient combustion, allowing your vehicle to go further with every litre of fuel.
Keep Your Tyre Pressure Up
This is one aspect of vehicle servicing that is often overlooked. When we visit our nearest petrol garage, we often ask the petrol attendant to “fill our tyres” and he/she will do so with what they know best. However, that is the incorrect way to go about it. The best way is the recommendation from your car dealership or manufacturer.
Many vehicles will have the tyre pressure number on the inside of the driver's door or in the vehicle's service book. This is to maintain vehicle safety for you on the road as well as other road users. But more importantly, to fill the tyres with the correct air pressure. As a motorist, this ensures efficiency from a financial and fuel-efficient standpoint.
A flat or deflated tyre causes poor performance, creates uneven tyre tread and wears out quicker. This increases resistance leading to the engine working harder and more fuel used up. In a nutshell, more energy is used to move a car with a flat or deflated tyre.
This is easier said than done but it will save you a few rands and trips to the garage. We all know that driving fast uses more fuel and decreases fuel economy. So, try to accelerate gently because the harder you accelerate, the more fuel you use. Also, driving within the recommended speed limit is more efficient and safer. For certain vehicles that allow, opt for cruise control for highway driving.
Fuel Economy- Window or Air Conditioner?
To open the window or use the air conditioner? The answer lies in personal preference. In cases that are extreme like humid weather, maybe an air conditioner is a more likely choice, however where the weather permits, an open window will work just as well. However, we can not ignore the fact that an open window will bring in a little draft with it. If you are trying to save fuel, try parking where there is a shade for cooling. Also, get tinted windows to deflect the heat.
If you have a lot of errands to run, plan a circular trip rather than several individual trips. If you need to go to Makro in Meadowdale, why not pop in after work when you are already travelling on the R24 from Benoni to Greenstone, then make a standalone Makro trip on a Sunday morning?
Combine your errands into one, rather than having several trips. Where it is possible to do so, use the car for important trips that can be rounded off as one trip. This will save you fuel and put more money into your pocket where possible avoid traffic by travelling earlier or a little later.
A fully serviced and maintained car will give you many years on the road and save you a lot of money in repairs and unforeseen eventualities. And while having tips for using your fuel sparingly, we hope this article has done its job in highlighting the importance of getting your vehicle serviced.
Visit www.autopedigree.co.za for a service centre near you.
Now that you’ve bought the car, and have the budget for its ever-increasing fuel and car insurance, it's time to draw one for its vehicle maintenance plan. After all, for the vehicle to run like the car dealership dream, it needs to be maintained and well looked after.
While vehicle maintenance is nothing glamorous, it is a necessity to ensure longevity, dependability and long-lasting. Just like babies that cry when hungry or need a change, cars will make a noise, leak and break down when a visit to a service centre is due.
The best way to avoid a hole in your pocket is to put money aside every month for those unexpected breakdowns. But remember, vehicle maintenance costs will vary according to the vehicle model and the needs of the vehicle.
What Should Your Vehicle Maintenance Budget Include?
As a rule of thumb, your vehicle should be serviced regularly and on the manufacturer’s recommendations at least every 10 000 to 15 000km. While for older models and used cars, it could be as high as 30 000kms. Whether it's a minor or major service, the maintenance will depend on the upkeep of the vehicle and its use, whether it's for personal use or private use.
For example, an entry-level car (i.e. Datsun Go, Polo, or Ford Figo) will not cost the same as an executive vehicle such as an Audi, BMW, or Mercedes Benz. You could spend between R1500 and R2500 for a minor and major service and this includes labour and vehicle parts.
While with executive vehicles you could part with R3500 for major services and R1800 for minor services.
These Services Include The Following:
Wheel Alignment - align your wheels for longer-lasting tyres.
Brake Pads - check and listen to brake pads and discs for excessive wear and tear.
Change Oil and Filter - check and change your oil regularly to ensure a longer-lasting engine. This can be done during regular fuel refill intervals.
Leaks - oil or water leaks are indicators that something is wrong and closer attention is needed. Inspect your vehicle regularly.
Coolant - check that the correct temperature is maintained and that an anti-freezer is used as well.
Radiator - ensure the fan is working to cool off and regulate temperature and avoid overheating.
Battery - this is the power source of the car and when flat it will not start. Ensure that it is checked regularly.
Lights - check that all your vehicle lights are working properly and bulbs are regularly changed.
By having your car regularly checked, you can detect problems earlier keeping your maintenance expenses very low. In turn, a well maintained and serviced vehicle carries a higher resale value. And it is more fuel-efficient.
Always use reputable and professional service centres like Auto Pedigree. We provide minor and major services on all engines, cooling and heating systems, undercarriage, clutch and much more to all brands and models.