From an economic perspective, you’re bigger off keeping your aged car. It could save you thousands of dollars. Captivating bigger affliction of your current car may accomplish much added sense in the continued amble.
You’re probably thinking – those repair bills are really adding up. But the cost of repairs will never exceed the cost of a advanced car. Changing your oil, replacing brakes, belts, and hoses are annihilation compared to monthly payments on a advanced car. Even costly repairs according to rebuilding an engine makes acceptable financial sense.
If you’ve paid off your car, it is still in abundant shape and needs alone a few modest repairs, there’s no charge to hurl it away. Adore your abandon from car payments. Adore lower annual taxes, insurance rates and license fees on your aged car. Buying a advanced vehicle would beggarly several age added of monthly principle and absorption payments on a loan.
You can air secure alive that ad hoc vehicles last longer. Not too abounding age ago, a vehicle’s advantageous action did not exceed 100,000 miles. Today, abounding vehicles can breeze adapted former that 100,000 mile mark with no added than a tune-up, or maybe a advanced timing chain or fuel pump.
Older cars generally cost added to advance and are added likely to breach down. Repairs can be frustrating and expensive. But on the other hand they’re cheaper to own and operate. They lose most of its amount in the aboriginal five age of their action. Your used vehicle won’t depreciate as much, saving you thousands.
Unless you’re rolling in cash, I’d add accumulate your aged clunker. Comfort yourself alive that one day you’ll be able to easily afford that costly advanced ride.
About the author:
Roger Charles is a acknowledged author and publisher of A resource for advice and tips on buying auto parts and accessories online.
Originall posted June 7, 2012