According to statistics, the motor industry in the UK is worth around £15.3 billion, so it’s 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?
If you’re not sure whether you’re being materialistic or if you actually need a new set of wheels, read on for the top signs to look out for when you’re considering a new car.
How to know when it’s time to upgrade your car
- It’s getting expensive
It’s no secret that cars aren’t cheap – things like petrol, insurance and car tax all add up. But if you’re also paying a lot of money to get your car fixed on top of the usual expenses, it may be time to upgrade.
As your car gets older, it depreciates in value. Therefore, the money that you spend repairing it, you’ll 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.
- It’s drinking fuel like no tomorrow
Older cars tend to be far less economical than newer models, so if you’re finding that you’re spending a fortune on petrol or diesel, it may be time to upgrade. Especially with fuel prices soaring!
If you’d like to cut down your fuel bill, a newer car might be much cheaper to run. If you’d like to go all out, you could even consider a hybrid or fully electric car to avoid spending a fortune on petrol.
- It no longer suits your needs
Whether you have more children now than you did when you first purchased your car or it’s simply no longer big enough for your needs, you may need a new car.
Alternatively, if you’ve recently upgraded your job, you may need something that looks a bit swankier. If that’s the case then a newer, fancier car may be just the ticket. If you’re wanting to make a good impression, look into getting a used Audi to bring some wow-factor.
The bottom line…
Getting a new car is a tricky decision – sometimes it can be hard knowing whether you need a new car or if you’re being sucked in by clever marketing. However, if you’re experiencing one of the three things above, it might just be time to upgrade…