It seems like most people are avoiding big purchases nowadays. That means we are going back on the purchases of real estate, high-cost investment and… cars. Indeed, we may love the smell of a new car, but getting one is becoming increasingly rare, if we are to trust the statistics.
That being said, you should not take this to mean that the market is in trouble. It is not – the most car companies are still doing fine. However, it means that we are taking more things into account when we make the decision to go for a new car.
There are plenty of auto transport companies that will tell you that they have not seen much of a drop in the cars that are shipped. But they definitely see a trend shifting towards older and used vehicles. Still, sometimes you just have to face the truth – you need a new car. How can you tell that though? Today we are going to look into some signs so you can figure out whether they apply to you!
Sign #1: The Cost of Maintenance Gets Progressively High
One of the obvious ways to tell you need a new car is if you are paying more and more to keep your current one going. However, you have to factor in a bunch of things here. A big repair bill should be spread out throughout the months, for example.
When you draw the line, are you paying close to what you would if you purchase a car on a lease? With some parts costs going in the high four digits, you may want to make the call and get a new ride.
Sign #2: The Issues Are Becoming a Hassle
While you may not be paying a ton to get everything fixed, you may actually be wasting a lot of your time. If you have to take your car for repairs every couple of months, this can be quite frustrating. At that point you may indeed be better off paying a bit more for a brand new vehicle. Not to mention that it will likely come with a bunch of other benefits that will just make your life easier. And it is expected that repairs won’t be necessary in the first few years, right?
Sign #3: Fuel Consumption Is Getting Worse
It is not secret that older vehicles are just not as efficient as newer ones. We are seeing a trend with more and more cars going hybrid or completely electrical. That has it benefits for sure. But even if you go for a fully gasoline car today, chances are it will be much more efficient than your old ride.
Sadly, older cars also tend to consume more and more fuel with time. The engines wear out, and they even start using up a bit of the oil as well. This is where you will really have to think hard, maybe even go through a proper maintenance check and see whether the fuel costs are getting too high, because of engine issues.
With these three signs you should be able to tell whether or not you need a new car. Well, do you?