family buying a car

Why Should You Upgrade Your Car Regularly?

It’s always tricky to know when to upgrade your car and all too often we only start to consider an upgrade when things start to go wrong. So when is the right time?

Whilst it would be great to purchase a new car, not always do we want to invest in something that is going to depreciate so quickly over the first three years of its life.

The good news is that there are options to purchase a newer model, an upgrade without having to buy new. BUT, the big question is … when is it the right time to change?

We all know the older the vehicle the less the trade-in value will be, so letting the years go by reduces the value of your car and puts you at higher risk of larger maintenance and repair bills. If your vehicle is financed and your repair bills in a year come to more than the yearly repayments, then that is a good indication its time to change it!

The decision to replace your existing car often comes down to money, safety and features.

Replacing your car with a newer one will likely offer you an improved engine that will be more fuel efficient, more features and almost certainly better safety features. A newer car will have more air bags, anti-lock brakes, traction control, stability control and curtain airbag . Lots now have cameras and other items to keep you safe. Some have (or you can have put in) entertainment units and GPS.

It’s worth noting that if your current vehicle is covered by finance, you are able to transfer this agreement onto a new car. Finance can be tailored to match your existing payments and in some cases your payments can be lower (depending on the trade in value of your existing vehicle). Financing a newer vehicle makes a lot of sense. If you are still unsure, give us a call or email us and we will be able to give you a free valuation and discuss all the options with you.