5 SIGNS THAT IT’S TIME TO TRADE IN OR SELL YOUR CAR
This article title most likely caused you feelings of denial followed by thoughts of how you can fix your car yourself, if only you had the time. Are you someone who has a name for your car like, “Stud-mobile” or your ex’s name? Do the sounds of your family and friends heckles about your car refuse to let you be?
If that is the case, then this article is for you my friend. Read on.
Have you or anyone else ever referred to your car as “Deathtrap” or something similar?
If you’re not in denial that it’s time to junk it, then this article may help you feel hopeful. Hopeful that you can finally build a rock-solid case to your spouse, that the time to junk the clunker and purchase a new vehicle has come. Especially if you relate to ANY one of the 5 signs below;
1. SAFETY CONCERNS:
Rusted parts can be a concern on older cars because some parts may no longer be available. I had an old Mercedes with rust damage that was far worse than I realized. I thought it was just some mounting brackets and a few other non-critical parts that were rust damaged. I didn’t find out until I was driving on the freeway and suddenly parts from my engine began dropping off onto the road until the entire engine fell out! I know this is a rare and extreme example. The point is that when critical parts such as brake lines, structural frames and other engine parts that maintain safe operation are rusted, they can suddenly snap under pressure and cause serious accidents. Also, if your vehicle has any recalls, don’t ignore them! Get them checked out by the dealership first to determine if your vehicle is safe to drive.
2. REPAIR COSTS MOUNTING: COST VS. VALUE
A family member of mine had a vehicle with over 100,000 miles. The car began needing frequent costly repairs. They said they could not afford car payments. I finally added up all the repairs they paid for in the last few years and then broke that amount into monthly averages. I showed them how much a monthly car payment could cost compared to their frequent repair bills. It became clear that the repair costs began to outweigh the amount to purchase/lease a safe and reliable car.
3. HIGH MILEAGE
If your car is getting an A, B or C+ from your mechanic, then high mileage is not the biggest concern. However, most cars with high mileage do not have extended warranties on major parts which becomes costly.
We have replaced engines on vehicles with a lot of miles that always come with a warning; the engine may last another 100,000 miles but the transmission may not. You could spend $3,500.00 only to pay another $2-$4,000.00 on a transmission.
Once again, you must do a cost comparison (Repair cost vs. lease cost).
4. AGE OF THE CAR
The age of the car becomes a concern when manufacturer parts are no longer available for the year of a specific vehicle. Rust can also be an issue if a car is too old or has been undriven for too long.
5. LIFESTYLE CHANGE
Planning on starting a family? You may need to sell your sports car and consider purchasing a family sized S.U.V or Van.
Moving to another geographical location can be a reason to buy something new. An example could be moving from an urban area with small streets to a mountainous region. If you have a small Fiat perfect for small compact parking spots, it may not have the horsepower and 4WD needed to survive the rugged terrain of the mountains or even certain desert areas.
As you can see, there can be multiple factors when considering the need for a new vehicle. Hopefully, this article helps direct anyone in car limbo decide what is best for them. If you or someone you know is considering trading in their old car for something new but are not sure if that’s the most cost-effective move, feel free to schedule a diagnostic appointment. We will only give you honest recommendations that are best for you. Call us at (626) 334-7801 to speak to our Master Technician Dave Nguyen.