Is it time to replace your car?
These signs suggest it might be, so consider the expense a worthy one if you know it’s time for a change.
But don’t rush into any hasty decisions. While you might be tempted to purchase the flashiest car you see at the dealership, there are some important questions you need to ask yourself first. Consider the following, for example.
#1: What can I afford?
This is probably the most important question on this list as you don’t want to run into financial trouble. Before buying your next car, you should budget for all expected expenses. Beyond the car itself, you should consider fuel costs, insurance, and road tax, alongside any added extras you might decide to include with your purchase.
This car costs calculator might be useful to you when you’re working out your budget.
#2: Should I buy used or new?
There are pros and cons to both choices so weigh up the option carefully. A used car will generally be cheaper although it might be more prone to maintenance issues if it’s more than a few years old. And a brand new car will be more expensive but you will benefit from advanced safety features and increased reliability.
These are just some of the things you need to take into consideration although whatever you choose, you can alleviate some of the cons. You might want to ask your regular mechanic to check and test a used car before you buy it, for example. Or if looking for a new car, you might decide to lease it, as this is a cheaper financing option. Check out the cars at Vavoom if going down this route. Weigh up all other pros and cons before making a decision.
#3: What are my driving needs?
There are all kinds of cars on the market but not all of them will be right for your needs. If you have a family, for example, you will obviously want something with extra seats and luggage space. If you are planning to tow a caravan or trailer, you will need something with towing capabilities. And if you regularly travel long distances, you will need a car that does plenty of miles to the gallon.
These are just a few of the needs you might want to take into consideration but consider your personal situation before buying something.
#4: What do I dislike about my current car?
List all of the things that you dislike about your current car, as this will help you make a wiser choice when buying a replacement. It might be that your car lacks certain entertainment or safety features, for example, so you might decide to buy a car that contains the things you’re after. Or it might be that you struggle to park your car in your garage, so you might consider a car that is a better fit.
List all of your complaints and then choose a car that better suits your requirements.
These are just a few of the questions you should ask yourself but you can probably think of others. Write them down, and then take your time to answer them before you spend money on your next car. You will make a wiser choice if you do.