End of the Road: When It’s Time to Say Goodbye to Your Car
By: Good2GoPublished: November 10, 2014
It’s not easy saying goodbye to an old friend. Sure, you and your car have shared quite a few good memories together, but as the years have passed, is your car still serving its purpose? At this point in your car’s life, are you simply squeezing the last few months out of it? If you answered yes, now may be the time to set your sights on a new set of wheels. Here are some of the most common telltale signs it’s time to send your car to the big garage in the sky.
Your vehicle has turned into a four-wheel death trap
Has your clunker ever unexpectedly stopped or stalled in the middle of the street or worse – on a busy highway? That’s a major red flag, especially if this occurs more than once. Older vehicles require more attention than newer models since they suffer from more wear and tear. If you aren’t performing regular maintenance on your old car, it’s going to the grave a lot sooner than you anticipated.
In short, if you fear that your car will break down to the point that it endangers you and your family, you should replace it with a safer, more reliable model.
It’s costing you more to repair it than to buy a new one
Any driver will tell you that one of the biggest expenses in owning a vehicle is repairs. And not all repairs come cheap. A long series of car repairs can add up over time, making it more difficult to justify keeping your current vehicle. What’s even more frustrating is having a repair that your mechanic can’t seem to fix time and time again.
If your car has recurring mechanical issues that are bleeding you dry, you may want to start car shopping. A good rule of thumb to remember is if the cost of repairs is greater than either the value of the vehicle or one year’s worth of monthly payments, it’s time for another car.
Not ready to give up on your car yet? Here are some tips to help you maintain an old car.
Your car no longer serves its purpose
Think back to the day when you first bought your car. Were you single at the time? Did your job require you to drive a certain type of car? Was its sole purpose to simply get you from point A to point B? Whatever the reason, times have changed and your car may not be suitable for your current lifestyle.
You may have a family now which will require you to trade in your two-door coupe for a mini-van. Or perhaps your kids have finally left the nest and you no longer need the family mini-van.
You may also need a new vehicle for professional purposes. If you drive an old hand-me-down pickup truck, but have a desk job in the big city, it’s time to trade up. Or maybe your job has a long commute. Better gas mileage is always an attractive feature when looking for a new car.
The pros and cons of buying a new car
Before you completely throw in the towel on your old car, consider the pros and cons of buying or leasing a replacement.
- More reliable
- Upgraded technology
- Latest safety features
- Better fuel efficiency
- Monthly car payments
- Depreciating value
- May cost more to insure
There are many factors for you consider before you say goodbye to your car. In addition to safety, reliability and fuel economy, you’ll need to consider any lifestyle or financial changes that may affect your decision. If you’re looking a cheap, new(ish) vehicle, here is how you can buy a car online without getting cheated.
Good2Go wants you to drive safe – and affordably. Find out how you can protect yourself with Good2Go.com auto insurance. Get a car insurance quote today.
Photo Credit: Vladimir Mucibabic/Shutterstock