Wednesday, May 5, 2010
When it's time for a new car!
You may have grown to love your vehicle. You may have maintained your vehicle properly, changing the oil and getting routine tune ups but we all know that cars don’t last forever. Deciding to let go of your car is not always easy but here are a couple of factors to help you determine if it’s time for a new car.
The Cost of Repairs – If you’re spending close to or more on repair costs than the actual value of the car then it’s definitely time to buy a new car. Naturally, the older the car the more wear and tear there will be and your car will start to require more trips to the mechanic. Your alternator may start to fail, your transmission will start to skip. Take into consideration the amount which is spend on repairs over the year to help give you get a better sense of how much your older vehicle is costing you in repairs.
Is your car safe? – The road can be a very dangerous place and you may be driving a problematic car and not know it. If you’re feeling insecure about your safety when you get into your car then it’s time to start shopping. The last thing you need is to be stuck on a highway with a toddler in the car or pulled over on the side of the road with no reception on your cell phone.
There are many reasons why a person may want a new car. With fuel costs constantly increasing it may no longer be practical for you to continue with a vehicle that is a gas guzzler. If you add up the amount of fuel that you spend a month, you may find that you are spending a lot more than you would for a monthly payment.
Even if your car is not financially draining there are other indicators for a new car. Whether there is a birth of a child and you need to change from a 2 door vehicle to a minivan or your children are now grown and you’d prefer a 2 seater, the time has come for a new car.
Although buying a new car may give you great pleasure, it almost always makes more financial sense to buy a used car. The benefits of buying a used car may include:
• Lower purchase price.
• Lower depreciation.
• Lower insurance premiums.
With used cars, the previous owner has absorbed the biggest portion of the depreciation cycle. A new car loses about 40% of their value almost immediately.
Prudent Value Cars has top quality, pre-owned cars and trucks with low kilometres and have been servicing the Metro Toronto and the GTA area since 1984. We offer flexible financing for all kinds of credit and zero down for qualified customers.
Visit our inventory at http://prudentvaluecars.com/ to find the car you need today!!!