|
Home
MENU:
Betterthanokay.com Home
Automobile
Resources
Automobile
Articles
Recreational
Vehicles
Debt Reduction
Credit
Cards
Loans
Mortgages
Great Outdoors
5 Ways That New Car Dealers Get You To Pay Too Much
Air Bags And Car Crashes
Car Crash Recovery
Going Away? Store Your Car
Hand Car Wash
Leasing a Car the Smart Way
Muscle Car Spoilers
Six Steps On How To Make The Most Of Your Used Car Listings
|
Should you keep your old car or buy a new one.
Are you sure you need a new car? I'm sure you want the newest safety features and modern styling that a new car offers. Perhaps you need a larger vehicle to fit your growing family. You probably feel that your old car no longer fits your life. But how about cost?
From an economic perspective, you're better off keeping your old car. It could save you thousands of dollars. Taking better care of your current car may make much more sense in the long run.
You're probably thinking - those repair bills are really adding up. But the cost of repairs will never exceed the cost of a new car. Changing your oil, replacing brakes, belts, and hoses are nothing compared to monthly payments on a new car. Even costly repairs like rebuilding an engine makes good financial sense.
If you've paid off your car, it is still in great shape and needs only a few modest repairs, there's no need to throw it away. Enjoy your freedom from car payments. Enjoy lower annual taxes, insurance rates and license fees on your old car. Buying a new vehicle would mean several years more of monthly principle and interest payments on a loan.
You can feel secure knowing that modern vehicles last longer. Not too many years ago, a vehicle's useful life did not exceed 100,000 miles. Today, many vehicles can breeze right past that 100,000 mile mark with no more than a tune-up, or maybe a new timing chain or fuel pump.
Older cars generally cost more to maintain and are more likely to break down. Repairs can be frustrating and expensive. But on the other hand they're cheaper to own and operate. They lose most of its value in the first five years of their life. Your used vehicle won't depreciate as much, saving you thousands.
Unless you're rolling in cash, I'd say keep your old clunker. Comfort yourself knowing that one day you'll be able to easily afford that costly new ride.
About the Author
Roger Charles is a successful author and publisher of Toyota-Parts-Guide.com. A resource for information and tips on buying auto parts and accessories online.
Written by: Roger Charles
|
Other Articles of Interest:
5 Tips for Car Donations
People generally enjoy the act of donation, they like the knowledge that items which they are no longer able to use can be give to someone who may be less...read more
An Overview on How to install Neon under car lights
Are you a bit confused about how to install Neon under car lights on your vehicle? What about the wiring, do you know colors are important when wiring up...read more
Are You Over Polishing Your Car's Paint?
I have been reading a lot of threads on the Autopia.org forum lately that basically start with people asking "what polish should I use?" I couldn’t help but...read more
Become a Test Driver for Car Magazines -- a Dream Job for Automotive Enthusiasts
Imagine getting paid to drive some of the world’s greatest cars -- Mercedes, Corvette, Porsche, Viper, and others. Sounds great? Now picture doing that on...read more
Cleaning Latte Stains from Your Car
Coffee stains are by far the most common stains found on the seats and floors of cars today. Most new cars have carpet stain resistant carpets installed from...read more
Special Offers: Save on quality tires with these manufacturer's promotions available from The Tire Rack.
 |
News:
Reviewing the Toyota Prius C (May 18, 2012 22:23)
The Prius C is an attractive little car, all curves, flares and bulges. And at 53 m.p.g., it can han..
Lola, Builder of Racecars, Files for Bankruptcy (May 18, 2012 19:46)
The action ended months of speculation regarding the company's finances.
During Mille Miglia, a Rare Sighting of the Fiat Scion (May 18, 2012 17:30)
John Elkann, the fiercely private Fiat chairman, was spotted Friday at the helm of a 1952 Fiat 8V, d..
Acura Recalls 53,000 TL Sedans for Leaking Power-Steering Hoses (May 18, 2012 14:54)
The action, which applied to all 2008 models, resembled a recall from 2008 that affected 273,000 TLs..
Study Finds Lack of Uniform Signage Poses Obstacle to Public Charging Networks (May 18, 2012 10:00)
Managing the federally financed EV Project, the company issued a critical report from its first year..
|
