Picture this: You're driving down the road and all of a sudden your vehicle starts making a weird noise... and it seems to be getting louder with every mile you drive. Then, your check engine light comes on. Oh no, not again. You've been driving this car for years now and it's been nothing but trouble the last few months. After you make a service appointment, you wonder whether you should keep this old car or buy a new one. It's a tough decision to make, especially if this is the first car you've owned. It can be hard to say good-bye to a vehicle that you've had years of adventures with, but with every farewell comes a fresh start. Before you rush into anything, let's look at the pros and cons of keeping an old car vs buying a new one.
In recent years there has been a record number of cars being sold and that's partially because buying a new car is now easier than ever. Instead of keeping up with expensive repairs on your current vehicle, you could be making monthly payments toward a vehicle that you actually want to be driving. You don't even have to get the newest or the best models to get an upgraded vehicle. There are so many options available from pre-owned to brand new, you will be able to find something that matches your needs and your budget.
|Keep Old Car||vs||Buy New Car|
|Repair Costs||Expenses||Monthly Payments|
|Older models have less safety features||Safety||New models have more advanced safety features|
|Cassette/CD Player||Technology||Bluetooth/SiriusXM Satellite Radio|
Before you pay for another repair on your current vehicle, consider buying a new vehicle from Toyota Palo Alto. Your monthly payment could be the same or even more affordable than the frequent repairs on your older model. It might be a hard decision to make, but consider what will be smarter financially in the long run.