Nothing is built to last in this world. Even human beings tend to age as time goes by. Things are not any different with your car since you might have to get yourself a replacement sooner or later. While you might be enjoying cheap auto insurance or you simply love your first car, it doesn’t mean you should use it for the rest of your life.
We understand that you have developed a great connection with your car. However, there will come a time when you simply have to find a replacement. But how do you know whether or not it is time to buy a new car?
In this quick guide, we look into some of the signs clearly depicting you need to get yourself a new car.
Your Car Value
Now more than ever, it is easy to stumble across individuals who are not ready to part ways with their cars. Maybe they enjoy a cheap auto insurance coverage or simply have other reasons.
Although an economy car doesn’t cost that much, a new one requires a down payment, an ongoing monthly payment, insurance and registration.
The high cost of buying a new vehicle should give you a reason to factor in the value for your car and see if it would be wise to hold on to it longer. If you don’t deem it highly valuable, then you might be better off buying another one.
Your Vehicle’s History
What is the year, make, model, and mileage of your current car? The answer to this plays a crucial role in determining if it is the right time to get you a replacement; be it new or second-hand. If your car constantly develops issues after a certain mileage or if your model year has quality issues, it would be ideal to consider visiting a reputable dealership.
Things tend to be different when your car is only 5 years old, less than 100,000 miles, and doesn’t have any known major issues, since it is probably better to keep driving it. That’s mostly the case if you get an extended auto warranty or vehicle protection plan.
