Should I trade-in my car while used prices are inflated?

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Should I trade-in my car while used prices are inflated?

After putting my 2019 Mazda 6 Sport in for its latest service, the dealership indicated they were very keen to get it as a trade-in due to its condition and low mileage. So, the equity available is higher than normal, in part due to the current shortages. With that in mind, it seemed daft to go for another 6, and maybe I should look a little upmarket.

However, I'm struggling to come up with a decent alternative! I've looked at the Octavia vRS, BMW 2 Series GC, Mercedes-Benz GLA, Mazda CX-5 Sport, the new Kia Sportage. Do you have any recommendations or general pointers?

I'm on the lookout for a sporty looking family car that isn't going to break the bank, reasonably well specced that isn't costing an absolute fortune to get to the same equipment levels I'm spoiled with in the 6.

Appreciate any thoughts or help you can give - I love my 6, she's an absolute joy to drive and truthfully I wouldn't even be looking if the trade in offers weren't so good!

Asked on 14 March 2022 by Col

Answered by Andrew Brady

It's a dilemma many people are facing at the moment – a shortage of new cars means used prices are inflated so there's a temptation to cash in by selling your car. But that car will need replacing, though, and you might find it difficult to get a good deal on a new car. We'd recommend keeping your Mazda – you clearly like it and it's still a modern, reliable car with many years of life left in it. If you do wish to sell, a Mazda CX-5 could be a worthy replacement. It's just been updated and remains one of our favourite SUVs on the market. Alternatively, take a look at the new Hyundai Tucson or consider whether to make the switch to an electric vehicle with a Hyundai Ioniq 5.

Tags: used cars trade ins

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