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According to statistics, the motor industry in the UK is worth around Β£15.3 billion, so itβs no surprise if you feel enticed by all the shiny new cars you see in adverts. But when is the right time to give in and finally upgrade your beloved car?Β Β
If youβre not sure whether youβre being materialistic or if you actually need a new set of wheels, read on for the top signs to look out for when youβre considering a new car.Β Β
How to know when itβs time to upgrade your carΒ
- Itβs getting expensiveΒ Β
Itβs no secret that cars arenβt cheap β things like petrol, insurance and car tax all add up. But if youβre also paying a lot of money to get your car fixed on top of the usual expenses, it may be time to upgrade.Β Β
As your car gets older, it depreciates in value. Therefore, the money that you spend repairing it, youβll likely never get back when you come to sell or scrap your vehicle. If you have a very old car, some of the repairs will cost more money than the car itself is worth. If this sounds familiar, it may be time to trade your car in for a newer model.Β Β
- Itβs drinking fuel like no tomorrowΒ Β
Older cars tend to be far less economical than newer models, so if youβre finding that youβre spending a fortune on petrol or diesel, it may be time to upgrade. Especially with fuel prices soaring!Β Β
If youβd like to cut down your fuel bill, a newer car might be much cheaper to run. If youβd like to go all out, you could even consider a hybrid or fully electric car to avoid spending a fortune on petrol.Β Β
- It no longer suits your needsΒ Β
Whether you have more children now than you did when you first purchased your car or itβs simply no longer big enough for your needs, you may need a new car.Β Β
Alternatively, if youβve recently upgraded your job, you may need something that looks a bit swankier. If thatβs the case then a newer, fancier car may be just the ticket. If youβre wanting to make a good impression, look into getting a used Audi to bring some wow-factor.Β Β
The bottom lineβ¦Β
Getting a new car is a tricky decision β sometimes it can be hard knowing whether you need a new car or if youβre being sucked in by clever marketing. However, if youβre experiencing one of the three things above, it might just be time to upgradeβ¦Β