It’s always a difficult decision. When your current car has reached that point where it is begining to show its age and is requiring a significant amount of repair work, should you spend the money on the consistent car repair jobs or should you suck it up and purchase a new vehicle which (hopefully) won’t be as expensive to own when it comes to auto repair?
This is a decision that can seem difficult but it should be fairly straightforward from a financial standpoint. You simply need to add up the numbers and determine whether it would be better to get a new car that is going to cost you less at your local auto shop (but quite a bit at your dealership) or whether it is worth it to put in the money to get your current car repair done.
In most cases, unless you are facing a lot of repairs or a very expensive auto repair, you will be better off staying with your current car if you view the situation purely through a financial lens. On the other hand, you might be getting to that point where a new car sounds like it would be a more enjoyable experience for you. And, if you can afford to purchase a new car, by all means go for it. Just realize that you aren’t making the decision from a purely financial perspective at that point. You are simply getting the new car because it is what you want.
Also, when making this decision, it is important to realize that just because you have a new(er) car doesn’t mean that it will be immune from auto repair. Your new vehicle may need a bit of work done at the local auto shop even in the first months of your ownership. In other words, there is no way to completely avoid the possibility of needing a car repair, regardless of whether your car is newer or older. Doing some research on the reliability of each make and model can help you make a decision that will limit the amount that you would have to spend at your local auto shop. Unless, of course, you end up with a car problem because of an issue with your own driving habits (or getting in an accident). If that happens, it’s entirely on you. But don’t worry, bring your car to Fort Collins Foreign Car Service and we’ll get you fixed up in no time.