Cars are one of worst investments anyone can make considering that they only depreciate in value. Regardless, you still need a reliable vehicle to get you where you need to go, that’s also suitable to your daily life. You may love the car you’re driving now, but the truth is you are going to have to replace it at some point. Paying attention to the following signs can help you determine if it’s time to trade in your vehicle.
1. You Ignore Your Check Engine Light
Your check engine light doesn’t illuminate for no reason. If you’ve already had a mechanic look into this, and there was nothing wrong with the engine, but the light continues to turn on, it’s defeating the purpose of a check engine light. How are you supposed to know when something really is wrong with the engine? This may seem minuscule, but it is one of the first signs that your car is wearing down.
2. Vehicle Inspections Make You Anxious
Annual state inspections are a requirement in Texas, as well as many other states. If you’re having a difficult time bypassing inspection failure, you may want to reconsider your vehicle.
3. You’re Constantly Gassing Up
Although gas prices have been very reasonable lately, frequently filling up your tank is a budget suck. New cars are becoming increasingly fuel-efficient to satisfy consumer demand. As the price of gas also fluctuates, keeping your gas guzzler may not be saving you a significant amount.
4. Your Car Has Broken Down Repeatedly
Breakdowns are highly dangerous, and simply not worth the risk. If your car has broken down more than once, it’s time to put your safety first.
5. You’re Constantly Spending Money on Repairs
Common car replacements include new tires, new brakes, and perhaps a new battery, if you forget to turn your lights off. If you’ve moved past this point and are onto more serious work, consider trading your car in. If the vehicle is still operable, use the vehicle’s value towards a new car and save yourself the burden of future repair costs.
6. You’ve Reached the 100,000 Mile Mark
Congratulations for taking such great care of your car that you’ve reached this point. However, the road ahead is paved with expensive repair, replacement, and breakdowns. Dodge the stress and sell or trade-in your car for a vehicle with lower mileage.
Unsure if it’s time to trade in your vehicle? Trust D&M Leasing to help you make the most informed, financially advantageous decision.