Thinking about getting a new car or truck. When is the right time to sell your car. We can help you with these questions and more. It's a question every car and truck owner struggles to answer: Should I replace my vehicle or keep it for a few more years. Here are some factors to consider when deciding whether to part ways with your ride.
Better technology Not that long ago, consumers replaced their cars because they weren't built for the long haul. Today, vehicles are lasting longer, thanks to improvements in design and production techniques. So it's no surprise that people are driving them longer, and the average age of light cars and trucks in America has been rising.
Repair or replace? Confidence in your vehicle, even with its improved quality, begins to wane sooner or later. If you're like many, the biggest reason behind wanting to purchase a new car is the fear that your current ride will need an expensive repair. Conventional wisdom suggests it's a bad idea to keep putting money into the upkeep of an older car. But replacing your car may be more expensive than finding affordable ways to maintain your car. That's especially true if you're thinking of buying a new vehicle over a used one. Although depreciation varies depending on the make and model, there's a chance that the moment you're handed the keys, the value of your new car or truck will decrease. Factors that can influence this include supply and demand of vehicles and other market conditions. In certain market conditions, vehicles may actually be worth more. Bottom line: Even your most dreaded repair bill may cost less than the first-year depreciation of a new car. While the initial depreciation isn't as much if you buy a used vehicle, it's an important factor to consider.
- Autonomous braking
- Adaptive headlights, such as headlights that turn to look into curves
- Backup cameras and sensors
- Blind spot monitoring
- Automated parking
- Lane departure warnings
