It’s a struggle that every driver will eventually face; when should you get rid of your old car? Just like your favorite old shirt, it’s easy to get attached to a car. But also like your old shirt — there will come a time to hang it up for good. No car will last forever, so here are several warning things to look out for that will help you recognize when you should trade in your car for something new.
It’s important to know what your car is worth. Then, evaluate that next to the cost of repairing the car. Older cars often cost more to repair and require larger jobs to be performed. Sure, you can put out another $500 now to get a few miles down the road, but then what? How much will the next repair cost?
The general rule of thumb in the automotive field is that if repairs cost 50 percent of the value of your car, you want to consider replacing the vehicle. Continuing to sink money into repairs is a telltale sign of when to buy a new car.
Sometimes it is a change in lifestyle that tells you to buy a new car. Maybe your family size recently increased with the birth of a baby or maybe your kids have left for college. Sometimes a job change will dictate the need for a new vehicle. If you are suddenly facing a longer commute, you’ll want to look for a vehicle that gets good gas mileage.
Another valid reason to purchase is a new vehicle is when you just want something new. Having a good car for many years is a gratifying experience, but there comes a time when the newer model is appealing and alluring. This is especially true as the new cars have made huge strides in innovative technological features. As long as your financial picture makes sense, go ahead and grab that new car you’ve been eyeing.
Don’t stress over how to sell a car! Your friends at Yark Buys Cars are prepared to offer you a great price for your vehicle and take all the hassle off the table. When you are ready for that shiny new car, be sure to sell your car in Toledo, OH to Yark Buys Cars. You won’t regret it!