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Is it Time for a New Car?

Published on: 16 March 2015

You clearly love your trusty vehicle. After all, it’s taken you on many journeys and you’ve had many laughs, tears and conversations in it. You’ve travelled to holiday destinations in it, you’ve offered lifts to people, and you’ve probably even stood on the side of the road in dismay as you stared at your deflated tyre. You may not be swayed by the alluring adverts for sparkling new cars with all the bells and whistles; you may not even be swayed by the car insurance adverts assuring you of affordable premiums on new cars. However, there comes a time when it just isn’t appropriate to push more mileage out of your car.

How do you know when it’s time for a new car? Here’s how:

  • Safety
    Is your vehicle actually still roadworthy? Those worrying clinks and clanks that you hear as you drive could mean that something is seriously amiss. If your vehicle frequently breaks down and has lots of unexpected problems, chances are that it is nearing the point of no return.
  • Repair costs
    If you are frequently visiting the auto repair shop and, each time you pay your mechanic a visit, the bills get higher and higher, it is a sign that your car is on its way to the car graveyard. If you find that your car is being repaired for the same problem over and over again, chances are that it’s time to consider a monthly payment on a new car. Think about it this way – all of that money that you are spending on costly repairs could be going to a monthly payment on a newer, more reliable vehicle.
  • Lifestyle
    A change in lifestyle can also mean you need a new car. Perhaps you drive a tiny hatchback and a tiny tot has just joined your family. How are you going to squeeze that car seat in and out of the two-door sportscar that you’re driving? If you are moving to an area with bad roads, you may need a 4x4 to navigate the potholes. If you are carting around school kids and all of their gear, you will need a minivan that is easy-in, easy-out. If you’re a cyclist and need to transport lots of equipment, you will need a car that can hold a bike rack. In some instances, you simply have to drive a fancier car to improve on your status to impress potential clients. Furthermore, it may just be time for a new vehicle when your old one is no longer serving its purpose.

Once you have decided that it is time for a new car, the wise thing to do is to do research, research, research! Do comparison shopping. Find out which cars are available in your price range, what will work for you and how available the models are in your city. Before you do all of this, work on your budget so that you know exactly what you can realistically afford – including the cost of petrol and maintenance. Once you have figured out what you are looking for and what you can afford, do lots of comparison shopping through reputable dealerships. Last, but not least, make sure that you get thorough motor insurance for your new car, to ensure that you have it protected and in tip top shape for many years to come. Contact MiWay for a quote.

For more information on how to be a responsible car owner check out the MiWay e-Book A Dummy's Guide to Owning a Car.