Reasons to buy a new car
For some drivers, the best way to fix a check engine light is to put a piece of tape over it and hope that their car doesn’t fall apart. Others will immediately take the vehicle to a service station immediately to diagnose whatever the problem might be. When you have an older car, both of those methods will end up costing you a lot of money. If your car is light up like a Christmas tree, or if it spends more time in the shop than on the road, it might be time to consider a new vehicle.
If you’ve been cruising around in the same clunker for years, upgrading your ride is going to be great for your wallet and your safety. Depending on how old your vehicle is, it might not have to same safety feature that are now standard features in most newer models like a backup camera, electronic stability control, cruise control, and curtain airbags. There are also plenty of other advanced safety features, like blind-spot monitoring and lane departure warning, that might be available on a new vehicle.
[Related: How much of my income should I spend on a car?]
Save Money with a Used Car
Upgrading to a new vehicle can save you money if you’re spending exorbitant amounts of money at a mechanic to keep your old vehicle running. Do your research and find out how much your vehicle is priced at, then compare that number to the amount you’ve spent keeping it running in the last year. If the total adds up to more than the cost of your vehicle and more than what a monthly payment for a new car would be, it might be time to upgrade to a newer model.
For most people, buying a brand-new car doesn’t make financial sense. New cars begin depreciating as soon as they’re driven off the lot. When you opt for a used vehicle, you’re able to find vehicles that have the same features as a brand-new vehicle without the steep price tag.
If you’re looking to upgrade your current vehicle, stop by OkCarz and take a look at the dealership’s used car inventory. If you worried about financing, OkCarz is able to help you get a car loan, and apply for financing.
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