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Signs That it is Time to buy a new car

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These are tough times for everyone around the world, but for the economically capable, it might be the best time to buy a new car. Buying a new car during this time can be a thousand dollars in saving. The COVID-19 pandemic has had a significant impact on the car selling industry, and many dealers and makers are presenting special funding terms due to economic indecisions caused by this pandemic.

Sometimes your car can get old or fail to meet your needs anymore. This is one indicator that it might be time to get yourself a new car.

shiny new car

Signs That Is Time To Buy a New Car


Your life changed, and you want to upgrade

There is nothing wrong with buying a car because you want it. If you have a sufficient amount of money and you know the exact vehicle that you want, then go for it, life is too short to deny yourself the things that will make you happy. Ensure that you check the statistics on your credit report and that your credit score is in good shape to avoid being turned down for car finance.

You are spending more on repairs

If you are using an old car, the chances are that you are spending more money on occasional repairs. When a car begins to break down frequently, it is likely the time to start thinking about acquiring a new one. Typically, you are not supposed to experience more than two breakdowns in a year. These breakdowns mean ones that can prevent your car from being driven and need significant and expensive repair.

Your friends are ashamed to be seen in your car

Some people can continue to drive a car even when it is ancient and rusty. Your vehicle can look useful to you, but the chances are that your friends and family are all too aware of the poor condition of the car. If you feel that your family or even friends are ashamed of your vehicle, it is likely time to consider getting a new car. Believe what your friends say about the car.


The cost of car insurance keeps rising

Do you know that an old car is more expensive to maintain that new one? New cars are eligible for many security features that are not available in older cars. The more the car gets old, the more insurance premiums you’ll have to pay, mostly if you use your car to travel. The insurance premiums on your car are just as vital as any other cost associated with operating your car.

Spare parts are no longer available

There are some types of cars that have spare parts that can substitute with other models. If your car is one of them, you will have a significant advantage of having a broader market for spare parts. However, sometimes the manufacturers can decide to stop making spare parts. This is a bad situation, and the only way out is to either place a special order or just get a new car.

Conclusion

Maintaining your car helps you minimize the cost of future repairs, retain its worth and prolong its lifespan. Therefore, before you decide to get yourself a new car, ask yourself if it is worthwhile to repair or buy a new one.

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Filed Under: Frugal

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Comments

  1. Elizabeth says

    June 17, 2020 at 7:11 am

    Wow! I just read your blog and now I’m considering your post to my decision making. Been thinking whether I should just buy a new car or change some car parts instead to my current car. Thanks for this!

    Reply
    • Joleisa says

      June 18, 2020 at 10:40 am

      Sere glad we could help.

      Reply
  2. James says

    June 27, 2020 at 4:05 pm

    Great pot. Thanks

    Reply
  3. Noyon says

    September 27, 2020 at 7:42 pm

    This article helps me to take decision and I hope its right time for me to buy a new car .Thanks Jo and Leisa for decision making post.

    Reply
  4. Mrityunjoy Ray says

    September 27, 2020 at 8:28 pm

    Glad to see your tips to buy a car in pandemic situation. I could not take decision about what to do on it, but I’m in the same opinion to utilize money in a proper time for a proper thing. I think it is not bad to get a new car, when I need it actually. Thanks for your writing.

    Reply
  5. Apurbo Rahman says

    September 28, 2020 at 4:19 am

    Oh yes. You saved my day. What a article you write! It’s impressive. I am just going to convince my family to buy me a new car instead of replacing parts. Thank you

    Reply
  6. BASHER says

    November 7, 2020 at 1:12 am

    useful information.

    Reply
  7. Paul says

    December 28, 2020 at 6:44 am

    Hey,
    your blog is very nice good writing thank you.

    Reply

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Hey guys and gals!

Hi, we're Jo and Leisa, twin sisters and authors of Joleisa.com. Originally from the sandy beaches of Jamaica we now reside in England where we followed our calling to teach. But sometimes that call changes and our new passion is writing. We're here to give the ups and downs of it all with our lifestyle tips and tricks to help you avoid the sour lemons that can get in our way of frugal budgeting, intentional living and happiness. Join us and learn more about how we found the simplest ways to achieve easy living. Read More…

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