While you may have become attached to your old car, it could be costing you a fortune. Small repairs tend to add up and that’s no good. Your car could be lacking the latest tech, including safety features, and a single accident could cost more than a new car. Is it time to trade your old car in for a new one? Here are a few signs you might need a new car from us here at Gurley Motor Company.
- Repairs – If your car needs repairs every month or two, it’s time to trade for a new car. Repairs can add up quickly and it’s only a matter of time before a major problem, like the engine or transmission, pops up. That repair will leave you without a trade-in and a costly repair. Don’t wait until it’s too late! If your car repairs are costing you a new car’s monthly payment, trade it in.
- Safety – Automakers have made significant advances in safety technology over the past five to 10 years, many of which can prevent collisions. If you have the minimum car insurance, it’s time to trade your car in. Your insurance payments might rise a little but the amount of safety you’ll receive in return more than makes up for it.
- Fuel Economy – As cars age, problems tend to arise. We’ve already covered repairs and if your car is rusting, that’s an obvious sign your car is old. Another age-related problem is fuel economy. Due to strict government standards, new cars earn significantly better fuel economy ratings than older models. Trading your old car in for a new one could save you hundreds, if not thousands, a year at the pump.