5 Telltale Signs That It Is Time To Invest in a New Car - Live And Love Out Loud

5 Telltale Signs That It Is Time To Invest in a New Car

Buying a car is a large expense and it is a purchase which must be considered very carefully before you dive in. Given the fact that it is such a large purchase, and one which requires much thought, it can be difficulty to make the decision that it is time to in fact in invest in a new car.

No matter how often you use your car, or for what kind of driving you use it for, there are some telltale signs which you can find, that suggest the time has come to get rid if your existing car, and look for something new.

Breaking Down

The first, and most obvious reason for replacing your car is if your car is prone to a breakdown. Over the years various parts of the car will begin to decompose and no matter how many parts of the car you replace, soon it will become difficult to guarantee the quality of your car, and whether or not it will break down. If this is the case for you then instead of throwing good money after bad, why not cash in and go look for something which is a little more roadworthy.

Hard to Find Parts

Very often with older models of vehicles or vehicles which have been manufactured by now-defunct companies such as MG or Rover, you can find it increasingly difficult to get parts. Even if you don’t have any issues right now, if you do have a car where parts are difficult to obtain, a change in vehicle could very well be on the horizon.

Fuel Consumption

A simple fact about ageing vehicles is that they are far less efficient the more that the years roll on. IF this is the case with your car, it could prove to be incredibly costly over time, and it makes far more sense to sell up, and look for a vehicle which can offer you a much better level of fuel consumption. gas prices aren’t going down, so this could be the smartest decision to make.

Assessing Value

It is always a good exercise to sit down and look at the next two years, how much your car could be worth, and how much it will cost you for the duration. Factor in gas prices, insurance costs, possible breakdown support and any other cost involved in keeping the car. If it works out that the car will cost you more in the long run, it is time to make a change.

Too Costly to Repair

After an accident or should a large mechanical problem take place, there can often be times when the repair costs more than the value of the car itself. Should a situation like this arrive, it is a no-brainer and you will be far better off selling the car as-is, selling the parts, or scrapping it altogether, and look for something new.