Buying a new auto is exciting, especially when you need an upgrade. But how do you know when it’s time to buy a new or used auto? We have a checklist of some factors that might make you reconsider your current ride.
Gas Guzzler – if your current car uses a ton of gas, or even diesel, you might be spending a ton of money just keeping your car moving forward. To save money in the long run, a car with better miles per gallon or even electric might be a good reason to trade in that old car for a new one.
Always Broken Down – If you have found yourself on the side of the road or unable to leave your driveway more often than not, it might be time for a new car. Not only is it dangerous to be in a situation where your car isn’t working, it can cause issues with your job, making appointments, picking kids up from school, and more.
Are the repair costs more than half the value of the car? These repairs will not add value to the car, and it’s not guaranteed that the car won’t have more issues later on.
If you are broken down and have a Prime spending account with R1CU, don’t forget this account includes free roadside assistance for costs up to $80.
Lifestyle change – Perhaps you are expanding your family, maybe the kids have moved out, or you might be needing a hatchback to take your fur babies on trips. Whatever the reason, your car needs could change at any time. If you have suddenly found yourself in a new stage of life, a change of car could make things easier on you.
Just Because! – Sometimes you don’t need a logical or ‘responsible’ reason. If you want a new car and you can afford it, and the payments are in your budget, why not?
If you’re in the market for your next car, make sure you’re getting the best deal possible. Here at Resource One, we have competitive loan rates, low-cost auto protection products, and we might even have some ongoing promotions to take advantage of. To learn more, get started, or to see what promotions we are currently offering, give us a call at 800-375-3674, stop by in person, or by starting a video banking call.