Dealers are expertly trained in picking apart cars and pointing out what’s ‘wrong’ with them. With some cars, they’ll genuinely need a bit of work before they can be resold, but most of the time, the dealer is just trying to screw you down on price. Always get a second opinion from an expert – someone who’s in your corner!
Used cars are booming in Australia right now, meaning that one of your most valuable assets has no doubt risen in price. It’s all due to the shortage of semiconductor chips and the consequent lack of new cars being built worldwide. If you’re looking to trade your car in, there’s actually a chance you could turn a profit on it.
The used car market is booming in Australia and all over the world. What’s responsible for it? A perfect storm of a component shortage, lack of new cars being built and waiting times for certain models going through the roof. So, if you’re thinking about buying a used car or selling a used car, here’s why the used car market is booming.
In many cases, we’re seeing cars that were purchased before the pandemic being sold for more than their original purchase price, even after a year of ownership. Basically, there’s a chance you can actually turn a profit on a car even after you’ve driven it around for the past year or two years.
