Should I buy a new car? Do I really need one? Is it really worth it? They are tough questions to answer, but there are some signs it’s time you should definitely give it more thought.
Buying yourself a new car is one of the best gifts a person can give themselves, without a doubt. For a lot of people out there, however, justifying the change is actually the hardest part. Whether your car is a part of the family, a relic from the past, or even something you just don’t have the time to change, sometimes, the universe has a different way of looking at it. When the time does come, whether you know it or not, there are things out there that let you know when you should be looking to buy a new car.
It’s not always as obvious as you’d think, either. There are some reasons out there that physically force you to replace your car, but on the more subtle side of things, taking a long hard look at what you’re driving every day can be a great way to push you too. Cars always have their limits after all, and you just need to know where yours are.
Let’s take a look.
1. Recurring Issues and frequent
One of the hardest arguments to dispute is when your car is giving you trouble. It happens to all cars at some point in their lives unless you look after it like a pro, and more often than not, there’s just not too much you can do to stop it. Things always go wrong, but when it’s more often than not, there’s a serious problem.
Whether it’s one problem after another or even the same thing coming back time after time, it’s a useful sign you should really be thinking about buying a new car. There’s only so much a machine can go through in its time, and when it’s more trouble than it’s worth, you need to cut your losses or even get out while you can.
2. Repair Costs Are Worth More than the Car
When problems do occur in your car and you’re looking to repair them, it’s not the inconvenience that’s the only issue either. Another great sign that’s hard to miss if you’re looking into whether you should buy yourself a new car is what the car is costing you. Fuel, insurance and road tax is one thing, but the repairs and parts are too.
As a car gets older and decreases in value as most things do, the cost of repairs can quickly get out of hand. When it’s an older car that’s looking at more serious depreciation, that can make the cost of a repair worth more than the car itself. Insurance companies may even make this a write off if you ever needed them, and it could be time you do the same.
3. You’re racking up the miles
Moving on to the less expensive and inconvenient warning signs of a car nearing its end, another great thing to keep an eye on is the mileage. We’re by no means saying that mileage is a bad thing here, let’s get that clear. What we are saying, however, is that if you have been putting a lot of miles on the clock without doing the leg work like making the most of servicing and maintenance, you could be waiting for a nightmare to happen.
Mileage is a fantastic way to look at the strain that your vehicle has been under. It can give insight into your car’s future with parts like engines, cambelts, axels, and everything in between. All things corrode over time, and the more miles you put through your car, the more likely these are to happen. It can be a good call to get out before you’re forced to, and you can still cover your losses and make money on your asset.
4. You’ve had a good run
Much like the mileage on your odometer, another great way to look at a car’s health is the age of it. Older cars are always more likely to have more problems as time goes on. They are less advanced, less efficient, and they have been through more wear and tear in their lives. It all adds up to making your car more likely to fail you.
If the age of the car isn’t enough (since cars can last lifetimes with the proper care after all), another way to look at this is with your own experience with it. How long have you had it yourself? You know the care you have taken of it better than anyone, and that can be one of the scariest things about it. If you haven’t; been making the most of your maintenance and you’ve had it for a long time, maybe it’s time to take the plunge.
5. Your Situation has changed
If you’re really still not sure if you should buy a new car yet, even more insight can actually come from yourself. This is just as much about you as it is about your car after all. A great way to realise what your situation is and how you should go about it is actually by looking at what you need from it. That can mean a lot of different things too.
The type of car, the engine size, and even the quality of the car itself can all be big players here. If you still have your first car after 10 years of passing your test, but you make twice as much money as you did then maybe it’s time for a treat? Need more safety for the family, a bigger engine for travelling? Even downsizing to match your lifestyle. It all comes down to you, and we all outgrow our cars sooner or later.
6. You hate your car
Lastly, a classic way to tell whether or not you should actually buy yourself a new car can just be as simple as how you really feel. Being honest with yourself and taking a look at what you think about your car is always going to be one of the best ways to realise whether you should be making the decision. Upgrading is always an incredible feeling after all, and sometimes, you just need to realise what it’s worth to you.
To put this into context, a lot of people hate the car they drive. Whether it’s too big, too small, outdated, insecure, even simply lacking in style and comfort; it doesn’t matter. It’s easy to fall out of love with your car, and that’s one of the best reasons you could ever have to upgrade. Cars are something most of us use for hours every single day of our lives. Surely it makes sense to have one that you actually enjoy and that makes your life easier and more enjoyable? It may not be as serious as the other points but it’s a huge factor in the longterm
Ultimately, like with anything in life, the decision falls down to you. It has to be your choice at the end of the day, but it’s always smart to think ahead of time. If you’re on the fence, weight up your pros and cons. It’s always better to make money from your car before it’s too late to do so, and you could really be kicking yourself if you don’t.
Cars can life a lifetime, but it’s very rare that they actually do. Use your best judgement, and always make sure you’re looking into every aspect of a car, whether it’s the one you own or a new one. You never know what’s around the corner, and there could be a mountain of issues waiting to happen.
Stay safe, and happy driving!