Your car has broken down, and you have a heavy bill in your hands. Do you keep throwing cash into it and hope it doesn’t break down again?
Eventually, those repairs start adding up. Your car has been in the shop more than in your driveway lately.
So what is it going to be? Is it time for you to trade your old ride for the new expensive one? Or stick it out for the long haul with few more repairs on the way?
It’s a big decision.
The first step in solving a dilemma like this is to take help from math. Your calculations will point you in the right direction and hopefully make this whole process much simpler!
How Is Your Maintenance Going?
How much are you paying monthly on your repairs? A couple of hundred dollars every month on your car’s maintenance is always less than the price of a new or used car.
Although it’s always good practice to save some cash wherever possible. One way you can do that is by doing simple tasks like changing your oil, checking fluid, replacing air and oil filters, cleaning out spark plugs all by yourself!
They aren’t rocket science tasks, so DIY here can help you save hundreds of dollars over a period of 6 to 8 months.
You can find personalized videos for your car online if you dig deep enough, for scenarios when you find it utterly difficult or if you’re doubtful about DIY car maintenance.
When Is Repairing A Good Idea?
So, let me rephrase the question for you. When is buying a new car is not a good option for you?
You might be out of budget! There may not be a car in the market that you really think provides value for money! And many other reasons.
As I said we’d be taking help from math to tackle our problem, if you look closely you can see that repairing your old ride for a number of months is always less than the cost of a new vehicle.
Obviously, here I am talking about regular maintenance and not something as severe as blown motor or a failed transmission that might cost you anywhere between $5000 and $6000.
That’s another way of saying that you would have rather made a downpayment for a new car, and then you’d have to deal with the monthly installments or bought a used car that might come with its own set of issues!
Coming back, if you’re thinking of buying a new car, you’d have to consider the costs of insurance and registration. Also, don’t forget that any new car you buy, its value will go down by an estimated 20% in the first year itself. It’s called a depreciation attack.
Your old car has a sentimental value that can’t be exchanged for any monetary benefit. It could’ve been from a loved one or you could’ve bought it after saving for a brief period of time!
So keeping the spirit of your old car alive isn’t a bad option at all! And also you don’t end up spending more than your budget.
When Is Trading Up A Good Idea?
There comes a time when you just don’t want to see the look of your car, for the times it may have pushed out of luck and kept you stranded on the highway!
Also, you don’t want to spend one more penny into your old car because you know it’s just another excuse to push the car with a pedal!
So here are the reasons why buying a new car or trading your old car can be a better option for you.
Considering the unpredictability of old cars, repairing a single problem doesn’t guarantee smooth functioning of all other parts.
On the other hand, buying a new car means you have at least 4 years before you have to worry about any major repairs.
Do you feel embarrassed driving your current car? Do you have to bang hard on parts to get them working? You need to move one!
When you trade up your car in a showroom for a new car, you’re sort of in a benefit. Let me tell you how!
The sales team in the showroom have a target for each month or quarter. They have to sell a finite number of cars at the end of every quarter.
You can ask for a much better price for your old car and lower your down payment instantly!
For all auto repair services in Doylestown, contact A&G Customs for major repairs in minimum cost!
Need towing? Rotated tires? Trim painted? Emission inspection? We got it all. All you have to do is contact us at 215 669 3072