Tag Archives: used cars

signing for car warranty

Are Extended Car Warranties Worth the Money?

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Reliability is an important factor when buying a new or used vehicle. In fact, 95 percent of car shoppers rank reliability high, which is why having a warranty is important. But while all new vehicles come with a factory warranty, used vehicles often don’t. 

Most new vehicles come with a three-year manufacturer warranty, or 36,000 miles, whichever comes first. The majority of used vehicles are already past this. But what if you want added protection with your used car? An extended warranty may be the answer. 

What is an Extended Car Warranty? 

Extended car warranties, also known as vehicle service contracts, are optional protection plans that can help you pay for car repairs. They typically start once the manufacturer warranty ends, but there are times when the two overlap. 

Vehicle service contracts often have requirements you’ll have to follow, so be sure to read all the fine print. For example, some warranties will require you to visit a certain repair shop in your network. You’ll also need to bring your vehicle in for routine maintenance. Failure to follow your maintenance schedule can render your warranty null and void. 

Typically, you’ll be required to provide your car with the following: 

  • Oil changes
  • Filter changes
  • Tire rotations
  • System checks 
  • Manufacturer scheduled maintenance 

What Do Extended Car Warranties Cover? 

Each vehicle service contract is different, so it’s important to read the fine print of your specific warranty. Also, some warranties are basic while others are comprehensive, covering things like your car’s entertainment system and climate control system. 

The two main types of extended car warranties are: 

  • Bumper-to-bumper warranty. This is the most comprehensive type of warranty available, and it covers almost everything, from the electrical system to the paint job. It does not cover vehicle maintenance, such as oil changes and filter changes.
  • Powertrain warranty. This warranty is less comprehensive but still offers significant coverage. Expect your transmission, engine and drivetrain to be covered. It also tends to last longer than a bumper-to-bumper warranty. 

Should I Get an Extended Warranty with My Used Car? 

According to a survey from Consumer Reports, 55 percent of people said they never used their extended warranty, and only 25 percent said they would buy one in the future. While extended car warranties look good on paper, they are overpriced. They also may not cover everything, which means you’ll be paying for the warranty and the repairs. 

Of course, there are situations when an extended warranty makes sense. And, you might even get other perks with the warranty, such as roadside assistance, rental car reimbursement and towing. This can make the added coverage worth it. Ultimately, you’ll have to sit down and determine whether you’re better off putting your money into an extended warranty or into a bank account to be used for repairs. 

buying a used car

Top 4 Mistakes to Avoid When Buying a Used Car

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

A used car might be the perfect addition to your household! You can save money while getting a great vehicle with much of the latest technology such as back-up cameras, heated seats and Bluetooth. And with a lower car price, you can also enjoy lower monthly payments and lower auto insurance rates. It’s a win-win! 

To ensure that you get the best bang for your buck, here are four mistakes to avoid when buying a used vehicle. 

1. Not Lining Up Financing 

Any time you plan to purchase a new or used vehicle, it’s best to secure financing in advance. While it’s more convenient to do so at the dealership, you’ll also pay a higher interest rate. Dealers add a markup to the interest rate offered and are incentivized to send you to certain lenders, even if you can get a better APR somewhere else. 

By getting quotes and comparing rates beforehand, you’ll be in good shape when you go to buy a used car. And if you want to get dealer financing because of its convenience, you’ll at least have some negotiating power. Fortunately, you can compare quotes online from the comfort of home. 

2. Only Looking at Monthly Payments 

If you can buy a used car outright, you can save a lot of money over the long run. If you can’t afford this, then you’ll have to create a budget and determine how much you can afford. But, keep in mind that while a lower monthly payment may be good for your budget, you could be paying back more money in the long run due to compounding interest. 

If you can swing a slightly higher monthly car payment in exchange for a shorter loan term, it’s probably worth it. You can also consider leasing a used car, though not all dealerships offer them, and there are certain conditions to meet. 

3. Passing on a Test Drive

Another mistake you want to avoid is not doing a test drive. There are certain instances where you might not be able to do a test drive, such as when buying a repossessed vehicle from a bank or buying a car out of state. But in most cases, you can test drive a car and make sure that it’s running properly. 

Even if you can’t do a test drive for some reason, you should still ask to do an inspection. You can always hire a mechanic for an out-of-state car, or you can bring along a mechanic or knowledgeable friend when buying a repo car. Doing your due diligence is the best way to avoid buyer’s remorse. 

4. Not Running a Vehicle History Report

A vehicle history report should also be run for any used car, along with the test drive and mechanic checkup. This report will check for any previous accidents, problems with the car and the number of previous owners. Dealers will typically pay for this report, but if you’re buying from a private seller, you might have to pay for it on your own. 

Fortunately, vehicle history reports are inexpensive and usually cost around $10 to $40. You can get this report from a number of third parties such as Carfax, AutoCheck and instaVIN. No matter where you get the report from, you will be able to see the title history and other important details about the car. 

Used cars are an investment, just as new cars are. By avoiding the mistakes above, you’re more likely to invest in a quality vehicle that you can enjoy for years to come. 

online car buying

Is the Online Car Buying Model Dead?

The end of 2022 wasn’t the best year for Carvana, an online used car retailer based in Arizona. Yahoo Finance called Carvana “Worst Company of the Year” after polling more than 5,000 readers. The online car-buying company also has concerns over its debt load, and had its stocks drop by 98 percent. 

So is Carvana going out of business? With numbers like this, it’s hard to know what the future holds. But one thing is likely to stay the same: online car buying. 

Online vs In-Person Car Buying 

Carvana and other online car buying platforms like Vroom and CarMax offer car shoppers a pretty great way to shop for vehicles. Instead of going to the dealership, negotiating with a salesperson and spending hours waiting for paperwork and financing to go through, car buyers can handle the entire transaction online. 

While some people still prefer the in-person shopping experience – being able to actually see and test drive a vehicle – there’s enough people who prefer to do their car shopping online. This will likely keep the online car buying model alive and well. That being said, this can be an expensive business model. 

Why Online Car Buying is Likely to Change

From a business standpoint, the online car buying business is expensive and labor intensive. It takes time and costs money to locate and buy used cars, recondition them, market them on the website and deliver them to the customer. There’s also paperwork to process – it’s all a big expense! And this is where Carvana has struggled. 

According to sources, Carvana has delivered vehicles to buyers in less-than-desirable shape, causing them to have to pay for repairs. These sources have agreed that Carvana has great customer service, but paying for repairs at dealerships is expensive. It has also been reported that Carvana pays top dollar for their vehicles – sometimes tens of thousands of dollars. 

At the start of the pandemic, Carvana had the upper hand. They were able to meet customer demands, especially compared to dealerships that were struggling with parts shortages and COVID-related factory shutdowns. But things quickly changed as the paperwork piled up, cars weren’t getting registered and cars were being delivered in satisfactory condition. 

As a result, Carvana’s dealer license has been suspended in some states. 

What is the Future for Online Car Buying? 

Even though online car buying is a popular service, the business model may not be sustainable. CarMax is in better shape to survive because they have online and physical dealerships that allow customers to make transactions in person. They also have a one-price model so there’s no haggling. 

If you like online car shopping, consider RepoFinder.com. We provide online car buying for repossessed cars. We include detailed images of each vehicle, along with information such as the condition of the vehicle, its vin number and its features. Our business model is sustainable because we provide a list of the banks and credit unions in each state that are selling their repo inventory.

Enjoy the best of both worlds – the convenience of online car buying and used vehicles at great prices! 

college students

Why Repo Cars a Great Choice for College Students

If your college kid could benefit from having their own car, this article is for you! College students don’t typically have a ton of money. They’re focused on going to school, getting good grades and building their resume. Except for maybe a part-time job or two, most college kids can’t afford to buy a new car and make the payments on it. 

At the same time, the parents of college students are also often strapped for cash! They’re likely helping out with the cost of tuition, as well as room and board, food, books and other things. Affording a car payment on top of it might be too much. Fortunately, there is an option for college students and their families: repossessed cars. 

What are Repo Cars? 

Repo cars are vehicles that have been taken from their owner because they didn’t make their payments. When you take out a loan to buy a new car, you’re agreeing to make the monthly payments on time. If you don’t, the lender has the right to repossess the car. You’ll likely have an opportunity to catch up on payments once the car is repossessed, and if you can’t, it’s sold at an auction.

Lenders don’t like having to deal with repo cars. They’re in the business to make money by lending money. They don’t want cars sitting on their lot, nor do they want to spend time trying to find a buyer. That’s why they often unload repossessed cars quickly by selling them at dealer auctions. 

The trouble with dealer-only auctions is that they are only open to people with a dealer’s license. They are not open to the general public. If you want to get your hands on a true repo from a bank or lender, RepoFinder.com is the way to go. We have a huge list of repo inventory from banks, credit unions and lenders all over the country. 

Why Repo Cars are a Great Choice for College Kids 

Whether you’re shopping for yourself or your college student, here are some reasons why repossessed cars make a great fit for young people:

  • They’re affordable. Repo cars can save you as much as 30 percent compared to what you would pay at a dealership for a new car. You can also negotiate with the seller to get a better price. 
  • They’re cheaper to insure. Because repo cars cost less and are typically a few years old or older, they’re also cheaper to insure. If your college kid is going to be driving back and forth to school and home, you want to be able to save on insurance. 
  • You can pay in cash. Since repo cars are more affordable, some people pay in cash. Paying in cash makes you a stronger negotiator, and you can save money on interest rates. If you and your college student have been saving up for a car, you can put your money together and make this great purchase! 
  • There’s a wide selection. When you look for a repo car on RepoFinder.com, you’ll find a great selection of vehicles. You can shop at your leisure, view the photos, ask questions and more without leaving your home. 

Buying a vehicle for a college student is a big venture, but it’s one that’s often needed. College kids need a way to get to and from school, work, etc., so a car quickly becomes essential. To find an affordable car for your college student, visit RepoFinder.com today

gifting a car for the holidays

Surprise a Loved One with a New Car for the Holidays!

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A new car might sound like an exorbitant gift, but it can actually be a practical way to free up time in your household. For instance, if you’ve been driving your teen to work, giving them their own car frees up your schedule and lets them take on more hours. Or if you and your significant other have been sharing one car, having a second vehicle allows you to get a second job. 

Some people also need another vehicle so that they can make money from ridesharing or delivering food and groceries. In this case, having a car can actually pay for itself over time! Whether for a high school student, college student or someone else special in your life, here are some tips for surprising a loved one with a new or used car for the holidays. 

Find the Right Vehicle 

With car prices and interest rates soaring, it’s important that you take time to assess what type of vehicle is best for this special someone. It sounds simple, but it’s also easy to get carried away paying for features you don’t necessarily need. 

Start by asking yourself what the purpose of the vehicle is. Is it to get to work or school? Offer ridesharing services? Carpool with others? Also, in what conditions will the car be driven? At night? In inclement weather? On long distances or uneven terrains? 

Secure the Right Financing 

Whether you plan on making the monthly payments, or the recipient will be helping out, make sure you get the best financing. Compare rates from different lenders. Many lenders will pre-qualify you without impacting your credit score. This way, you can see what rates you can get, and use this as negotiating power at the dealership. 

Also keep in mind that if you are taking out the loan, you won’t be able to transfer it to the giftee. If the giftee wants to be on the loan, they’ll have to file a new loan application and go through the approval process. 

Register the Car in Their Name

Even though the giftee’s name won’t be on the loan (unless you work this out ahead of time), the car can still be registered to them. You have two options for this. You can wait until Christmas Day and head down to the DMV to register the car in their name, or you can register the car in your name and change it later on. 

Check Insurance Coverage 

Auto insurance is something else to think about. Before your loved one takes possession of the car, make sure that it is properly insured. Talk to your insurance carrier about possibly extending coverage if you are replacing a car or adding a new one to your policy. Keep in mind that some cars are more expensive to insure than others, and your loved one’s driving record will also impact rates. 

Shop for Repossessed Cars 

RepoFinder.com offers the largest bank repo list in America. You can find repossessions sold at discounted rates – there are absolutely no fees or commissions. You are buying directly from the seller, which means the transaction is between you and them only. Don’t be afraid to negotiate, especially if you’ve done your research on the vehicle and compared interest rates. 

Finally, top off the gift with a big red bow! This special someone will surely remember this Christmas for years and years! Getting a new vehicle for the holidays is certainly memorable, and you can improve your quality of life by making sure that everyone in the house has a dependable car to drive. 

new vehicle

The New Average Monthly Car Payment is Now $700! How to Reduce This and Still Get a Great Car.

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It’s the new reality: the average monthly new-car payment surpassed $700 in May 2022. As a result, many people have decided to wait on buying a new car until the market returns to normal. Unfortunately, this current market looks to be the new normal. Even though car prices are decreasing, interest rates are increasing, making car payments higher than average. 

The Federal Reserve continues to raise the federal funds rates, driving auto loan interest rates to a 20-year high. The average new-car transaction price, according to Cox Automotive, remains above $48,000. In October 2022, the average monthly new-car payment hit another high of $748 a month. Average used-car payments have surpassed $550 based on a 70-month loan term and 10 percent down. 

According to Edmunds, the average car loan APR for new cars is 6.3 percent, and for used cars it’s 9.6 percent. Even if you’re saving a bit on the cost of the car, your monthly car payments can still be out of reach because of the new interest rates. Unfortunately, experts predict that things will stay this way throughout most of 2023. 

So what if you are in the market for a new or used car, but you’re not in a position to pay $700 or more a month? Below are some tips to reduce the cost of your payment and still get a great vehicle. 

Determine What You Can Afford 

First off, determine what you are comfortable paying for a vehicle each month. If you know the average costs for a new car are around $700, and $550 for a used car, you can establish a realistic budget. But it’s also important to assess what you can actually afford

Many people can’t take on a car payment that’s over $500, so if this is the case for you, you’ll need to find creative ways to reduce your payments. For example, you can put more money down and shop for lower interest rates – which brings us to our next point. 

Compare Interest Rates from Different Lenders 

Even though dealership financing is convenient, you’ll also end up paying more for it. That’s because dealerships make money off financing. They might tell you that you qualify for a 9 percent interest rate, when in reality, you qualify for 7 percent and the extra 2 percent goes to the dealership. 

Businesses need to make money, but you also have the right to shop around for the best rates. Before you set out to buy a car, compare interest rates from different lenders. Many lenders offer prequalification, which gives you the rates without affecting your credit score. 

Don’t Be Afraid to Negotiate 

Speaking of leverage, don’t be afraid to negotiate, even in this market. Some inventories are healthy, so you may be able to negotiate a better deal or take advantage of special offers. But negotiations don’t stop there. 

When you shop for a repo car on RepoFinder.com, you can negotiate directly with the banks and lenders that are selling their inventory. They’re in the market to lend money – not sell vehicles – so they’re often open to working out a deal. And, you can get your financing directly from them! 

Consider Other Options Like Repo Cars 

Speaking of repo cars, don’t forget to consider other options like them. Repo cars have been taken from their owners for failure to pay, and they are sold at heavily discounted prices. You can also save money by looking for vehicles from private sellers in your area. Just be sure that you bring someone along for an inspection. 

Get the Most Out of Your Trade-In

Finally, if you have a car to trade-in, make the most of it. You can spend a small amount of money to clean the car, have the oil changed, etc. and get a higher offer on it. You can then use this money to put toward a down payment. Having a bigger down payment is an excellent way to bring down the cost of your payments. 

RepoFinder.com has a free list of repossessed vehicles that are available to the public. View them on our website, place a bid and schedule a time to inspect the car all from our platform. And it’s free! 

used vehicle

Used Car Prices are Falling, But Monthly Payments are Rising. Why is This the Case?

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It’s the good news we’ve been waiting to hear: used car prices are finally falling. However, monthly payments are still rising, which means many people are holding off on selling or trading in their vehicles. Interest-rate hikes from the Federal Reserve are the culprit of higher monthly payments – and experts predict that we won’t be seeing relief any time soon. 

The New Face of the Used Car Market 

The average monthly payment for used cars is 47 percent higher this year, reaching an average of $551 a month, as compared to 2019. Experts say that monthly car tabs will continue to increase to $570 by the end of this year, and continue increasing in 2023. 

The aggressive attempt to curb inflation is having a negative impact on the used car market, as these vehicles are no longer affordable. As a result, used car dealers are struggling with significant drops in sales. Even Carvana, an online-only used-car retailer, plans to lay off 8 percent of its workforce due to sluggish sales. 

Affordability and supply chain issues will also continue to affect the used car market in 2023. While the auto industry was impacted by the chip shortage, they were still able to sell vehicles over MSRP. Sales volume dropped, but cars were selling at a premium. Now, new car sales are estimated to close at 13 million units this year, a three million drop from previous years.  

Car Interest Rates Expected to Stay High Through 2023

So when will interest rates come down, making used vehicles more affordable? Not for a while. In fact, experts say that they expect auto interest rates to stay high throughout all of 2023. Consumers have gotten used to generally low interest rates for the past couple of decades, but this is no longer the norm. 

According to Edmunds, 14 percent of consumers who financed a new vehicle between July and September this year are paying more than $1,000 a month. This means that one in seven loans is more than a grand! It wasn’t that long ago that mortgage payments weren’t much more than this. Now, we’re paying this just to drive a car. 

Options for Affording a Used Vehicle 

If you have a decent vehicle that you bought several years ago, you’re probably in good shape. You likely purchased the car at a competitive price and have a low interest rate. But not everyone is sitting pretty. If you are in need of a new car, you may have no choice but to buy in this market. 

Here are the best recommendations for affording a used vehicle in 2023: 

Consider repossessed cars 

Repo cars come at a significant discount and can open up more opportunities. RepoFinder.com has a huge inventory of repossessed vehicles that you can purchase directly from banks, lenders and credit unions. You can negotiate directly with the seller, and even get attractive financing. Some people see savings of up to 30 percent! 

Shop around for financing 

Oftentimes, buyers get their financing directly from the dealership. While it is easy and convenient, you’ll often end up paying higher interest rates. To save money and ensure you’re getting the best rates, shop around for financing before you start looking for a used vehicle. 

Avoid cars that are in short supply 

Some vehicles are in short supply, such as Kia, Subaru and Honda. Therefore, you’re going to pay more for them. Buick, Jeep and Ram have more abundant inventories, which means you have more negotiating power. They may also offer some incentives. 

Save for a larger down payment 

You can save for a down payment by budgeting carefully and trading in your current vehicle. For every $1,000 you put down, you can save around $17 a month. While it might not sound like much, you can make your purchase more affordable by saving for a larger down payment. And don’t forget to make the most of your trade-in – now is a good time to start polishing it up! 

Shopping for an affordable used car? RepoFinder is pleased to offer a comprehensive list of repossessed vehicles from banks and credit unions. You can use one platform to view available vehicles, research their condition and place a bid. And it’s all free to use! 

buying a new vehicle

Top 3 Things to Keep in Mind When Buying a Car

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Are you in the market to buy a new-to-you car? If so, be careful about jumping into things too soon! With auto loan interest rates soaring and car prices still high, you want to make a good investment. Fortunately, you don’t have to make your decisions in a high-pressure environment. Car salespeople expect customers to leave their lot with a purchased vehicle, but shopping at the dealership isn’t your only option. You can also shop online or through an online auction. 

Below are three important things to keep in mind when buying a vehicle. 

1. New vs Used Vehicles 

The first decision you’ll have to make is whether you want to buy a new or used vehicle. There are pros and cons to both sides, so take some time to consider what’s best for your personal situation. New cars give you access to the latest technology and safety features, but you’ll pay more. However, you can potentially take advantage of low interest rates – sometimes 0% APR. 

Used cars can save you some money, but you’ll also be getting an older car that might need some repairs or attention. And, you probably won’t get all the latest safety features and technology. The best way to get a newer car with modern features at a reasonable price is by shopping for certified pre-owned vehicles or shopping for repossessions on RepoFinder.com.

2. Leasing vs Buying

Another thing to think about is whether you want to lease a vehicle or buy a vehicle. If you purchase a car, you’ll likely take out a loan and have a fixed number of payments. Once the loan is paid off, the car is yours to keep. It’s a great option if you plan to keep your car for many years and don’t mind paying for maintenance and repairs. 

A lease is also a type of loan, though it only lasts for about three years. Once this time is up, you can either pay the balance and buy the vehicle, or trade it in for something new. You’ll be putting out money every few years to cover taxes and fees, but you don’t have to pay for maintenance and repairs. 

3. Negotiations 

Before you purchase a vehicle, do your research so that you can be an effective negotiator, if need be. Research the fair market value for the vehicle you’re interested in, including its make, model, year and mileage. Do the same for your current vehicle if you plan to trade it in. 

When negotiating, be careful not to give the salesperson too much information about your financial situation and what you’re willing to pay. Focus on the facts – not your emotions. If a car isn’t in your price range, you’ll have other options. And if you’re uncomfortable with negotiating, you can always shop online and look for the best prices. 

Find a New-to-You Car at RepoFinder

RepoFinder has a huge database of lenders who are selling their repossessed inventory. Many of the vehicles are in good condition and require just a bit of TLC. You can make your bids directly online and negotiate with the lenders. They are often willing to work with buyers because they want to recoup their losses and gain new clients through financing. Try us out today and see what cars are available in your area! 

driving on road

Future Trends for the Automotive Industry

Curious to know what the future holds for the automotive industry? There are several trends that will impact the future of automobiles, including how they are powered, driven and shopped for. Let’s dive into the biggest trends for the automotive industry so that you know what to expect in 2023 and beyond. 

Increased Production of Electric Cars 

Even though most cars on the road are gas-powered, electric cars are growing. In 2020, 3 million electric cars were sold, representing 4.1 percent of total car sales. In 2021, electric car sales more than doubled to 6.6 million, representing close to 9 percent of the global car market. 

We expect to see this trend continue as electric vehicles become more desirable. Even though they are more expensive on the front end, EV drivers tend to spend about 60 percent less each year compared to other drivers. Plus, many states offer incentives for purchasing an electric car. 

Increased Sale of Pre-Owned Vehicles 

Between 2019 and 2025, experts predict a 9 percent growth rate in used car sales. The demand for automobiles is rising, particularly for vehicles that are 4 years old or newer. These vehicles are in demand because they cost less than new vehicles but still have the latest technology and safety features. 

Rise in Online Car Shopping 

No longer do car shoppers have to spend all day at the dealership. Automakers in North America and Europe are giving consumers the option to purchase the vehicles they want online. This allows consumers to shop at their convenience and explore the features they want without any pressure. 

Even sites like RepoFinder.com are making it easier to shop for used and repossessed vehicles online. With an extensive database, you can find the banks and lenders with repo cars for sale in your area. It’s a low-pressure way to shop, and you can bid directly online! 

Autonomous Self-Driving Vehicles 

Not only are electric cars growing in popularity, but also so are self-driving vehicles. The appeal to these vehicles is that they have the potential to reduce crashes, prevent injuries and save lives. However, many people don’t feel safe in these vehicles and prefer to drive themselves. 

Currently, there are about 1,400 self-driving cars on the road in the U.S. One report predicts that 33 million AVs will be on the road by 2040. However, there still needs to be more testing to ensure their safety. But AVs could be a good option for businesses who plan to have a fully autonomous fleet. 

These are some of the biggest trends for the automotive industry that we can look forward to. With more ways to shop and a diverse, innovative selection of vehicles, consumers can look forward to more options in the future. 

driving new vehicle

How Often Should You Buy a New Car?

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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.