driving new vehicle

How Often Should You Buy a New Car?

This entry was posted in Used Cars and tagged , on by .

When you own a vehicle, it can be difficult to know when it’s time for a replacement. Some people make the mistake of assuming they need to replace their car every few years, but the average age of a vehicle on the road is 11-12 years. Standard cars today are expected to keep running up to 200,000 miles, so this gives you an idea of how much time your vehicle has left. 

Maintaining your vehicle will also keep your car in good condition, prolonging its lifespan. Even if you don’t plan on keeping your car for very long, having it maintained is still important. Buyers and dealers prefer vehicles that have received regular maintenance and will pay more for them. Car maintenance should include oil changes, exhaust system checks, brake upkeep and tire rotation and replacement. 

Is it Time to Buy a New Car? There is No One Right Answer

Not sure if it’s time to buy a new car? There are two schools of thought here. On one hand, getting new cars every few years allows you to take advantage of the latest technology and safety features, while also having something new to drive. Plus, you can save time and money on repairs and maintenance

On the other hand, buying a car is an investment, and you might like the feeling of owning your car once the loan is paid off. You don’t have to worry about paying off a balance on your vehicle, and you can even decrease your car insurance payments. Car depreciation also tends to bottom out at ten years. 

Signs It’s Time to Buy a New Vehicle 

No matter how long you’ve had your car for and how well you’ve maintained it, no vehicle lasts forever. Your car must provide you with safety and reliability, so if you’re not getting this from a 7-year-old vehicle, it’s probably time for something new. Here are the ways to tell that you need a new car

It’s always breaking down

Whether your car fails to turn on or your brakes don’t want to work, these are signs that your car isn’t worth keeping anymore. You shouldn’t have to say a prayer every time you enter the vehicle. If you’re not ready to buy something new, find out what the problems are and how much they’re going to cost. If the cost of repairs is less than half of what a new vehicle would cost, they could be worth paying for. 

It has no tech or advanced safety features 

A number of safety features have been added to vehicles over the years, such as backup cameras and emergency braking. If your car doesn’t have any of these features, it’s time for something new. Even a new-to-you car will have new features that will keep you safe on the road and make it more desirable to drive. 

Your odometer is showing crazy miles

On average, cars last for 200,000 miles or 12 years depending on how much you drive, your maintenance and other factors. Once you reach this many miles, it’s probably time for something new and more reliable. While some well-maintained cars can last for 300,000 miles, it’s important not to push things. 

If you’re in the market for a new vehicle, search on RepoFinder today. We have a large database that includes the banks and credit unions selling repossessed cars, trucks, SUVs and recreational vehicles. They’re being sold at incredible prices, and many are in great condition with low mileage. It’s an easy way to save money while getting something new.