5 Must-Know Reasons to Sell Your Car in Canada (2024)

We appreciate that not many Canadians have a spare car lying around they don’t need, but if you were considering selling a car, downsizing or making space, now is the time.

 

Selling your car now makes sense in a variety of ways but our team has five in particular we think you should bear in mind. This article provides 5 solid reasons to sell your car in 2022

 

Gas Prices Keep Increasing

One of the biggest reasons to sell your car is the insane cost of gas. With inflation and the war in Ukraine, the world is a tumultuous place. Oil prices have risen steadily, compounding an already tight market once everyone came out of lockdown.

 

You must have noticed at the pumps. Gas prices are at an all time high.

 

Older cars are less fuel efficient and will cost more to fill up and run. Sell now could save all that.

 

Running Costs are Also Increasing

Have you tried to get spares for an older car recently? It’s not fun. Your favourite dealership can always source parts but it can take a few days, or even a few weeks.

 

Even newer cars are having trouble sourcing enough service and spare parts, so what chance do older cars have?

 

Plus, the prices. All parts, in fact, everything is going up in price right now. Do you really need the expense?

 

Environmental Concerns

Even the most vehement climate denier must admit that cars produce smoke and pollution. Nobody likes it when a truck drives past and leaves a trail of diesel smoke and gas isn’t much better.

 

More people than ever are switching to electric, or hybrid because we all know that pollution is bad.

 

It may not spell the end of the world like some people say, but there’s no denying the air in our cities is not good.

 

Do you want to add to that?

 

Upgrade to a Newer, Cleaner Car

You work hard, so why not enjoy the fruits of your labour with a new car? A car that’s cheaper to run, better on gas, safer, easier to maintain and better for the environment.

 

If you have earned an upgrade, now is the ideal time.

 

While there is a bit of a wait for brand new cars, nearly new cars are still around and still a viable upgrade option.

 

With dealerships offering good trade in or cash prices for your old car, there’s always a deal to be done.

 

Downsizing

Had children flown the nest or gone to college? Have a wagon or truck you don’t really need?

 

Downsizing is more common than you might think as Canadians tighten their belts and minimize outgoings as much as possible.

 

If you find yourself in a similar situation, selling your car could be the answer.