Find Out When to Buy a New Car With This Flowchart
Keeping an old car running instead of buying a new one isn’t always the best financial choice . When you look at current costs and safety, a new car might be more profitable.
Consumer Reports collected numbers and compared several factors affecting the replacement of your current vehicle:
- Fuel economy
- Ongoing maintenance
- Safety
- Additional features such as Bluetooth or USB Power
Plus, this clunker may pay off, but it may not be as safe as a new car. Things like anti-lock brakes are standard on most cars today and are not only safer but can lower your insurance premiums.
The flowchart gives the basic picture, but Consumer Reports actually handles the numbers in its full report, so click on the link for a more detailed cost breakdown overview.
Do you really need a new car? | Consumer reports