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Article:
Should You Keep Your Old Car or Buy a New One? by: Roger Charles Are you sure you need a new car? I'm sure you want the newest safety features and modern styling that a new car offers. Perhaps you need a larger vehicle to fit your growing family. You probably feel that your old car no longer fits your life. But how about cost? From an economic perspective, you're better off keeping your old car. It could save you thousands of dollars. Taking better care of your current car may make much more sense in the long run. You're probably thinking - those repair bills are really adding up. But the cost of repairs will never exceed the cost of a new car. Changing your oil, replacing brakes, belts, and hoses are nothing compared to monthly payments on a new car. Even costly repairs like rebuilding an engine makes good financial sense. If you've paid off your car, it is still in great shape and needs only a few modest repairs, there's no need to throw it away. Enjoy your freedom from car payments. Enjoy lower annual taxes, insurance rates and license fees on your old car. Buying a new vehicle would mean several years more of monthly principle and interest payments on a loan. You can feel secure knowing that modern vehicles last longer. Not too many years ago, a vehicle's useful life did not exceed '100
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