Rockville Auto Repair

Mon - Thu: 8:00 AM - 5:00 PM
Fri: 8:00 AM - 4:00 PM

Is It Time For A New Car?

A new vehicle is always a great new pleasure! Everyone you know will be envious! But in most cases you’re stuck with a large monthly payment for years to come. Insurance will cost you more with a new car and that does not include all the taxes and depreciation that you will incur.

As Consumer Reports states, “buying a new car might be a lousy financial move".

So, how do you decide? Here’s a few things to consider:

  • Overall condition of your current vehicle
  • Annual maintenance and repair cost
  • Reliability of the vehicle
  • Safety of the current versus the new vehicle
  • Fuel economy of the current versus the new vehicle
  • Is the current vehicle less than 10 years old and in good condition? If yes, it’s probably worth keeping a few more years (the average age of vehicles on the road today is almost 12 years old).
  • Is your annual maintenance and repair costs less than a new car monthly payment? If yes, it’s a good idea to keep your current vehicle.
  • Upgrading to a hybrid or electric vehicle can help make fuel economy less of a deciding factor.

We understand that is a lot to consider when deciding on investing in your current vehicle or purchasing a new vehicle. The car care experts at Charles Automotive & Tire are always here to help with deciding and answering any questions you may have.

Good Luck!

Sincerely, Gary Mendelson and the team at Charles Automotive & Tire