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Knowing When to Sell Your Car: Auto Tips
Knowing when to sell your car and buy a new one can be a bit of a gamble. If you really do intend to run your car to death, you risk winding up in a situation where you need to buy a car - today - without much time to research models or financing options. On the other hand, trading off every three years can waste thousands of dollars.
Keeping Things in Tip Top Shape
More than anything, this decision rests on the condition of your car which can be greatly improved by regular maintenance. But who has time (or available space in your brain) to remember things like oil changes?
For people who aren’t auto-minded, the lube center sticker in the corner of the window can be an engine saver. Every 3,000 ... every 7,000 ... depending on the conditions you drive in ... depending on the oil you’re using. Car maintenance is full of variables. You can go through your owner’s manual and write yourself reminders on the calendar. You can also hook up with an online service that keeps track for you, sending you emails or even texts over your cell phone.
Mashable.com has a list of 18 online car maintenance and repair tracking services here.
Fall Within the Warranty
Warranties can be tough to figure out, but - in a very general sense - they help you pay for unexpected maintenance or repairs. If your transmission goes out on that ten year old car, the expense to fix might be more than the car is worth. Having a warranty in place will help you keep your auto longer, and get more from your original investment. It makes sense then that when you no longer qualify for extended warranties, you should move on.
But you thought extended warranties were unnecessary? Only in the showroom. New cars come with warranties in place. Once your car is outside the factory warranty, consider working with the dealership or a third-party to put more protection on your car.
Buy a Car That Keeps its Value
If your eye gets captured by every cute car driving by, make sure you take time to research them first online. Certain cars keep their value longer than others. So do certain colors. Paint trends, like burnt orange, don’t often hold their favor.
Know When to Hold ‘Em, Know When to Fold ‘Em
The answer of “when” isn’t the same for every driver, not even drivers with the same kind of car (and same kind of problems). If you’re paying thousands of dollars for something, you should have it the way you want. That might mean trading in when your car is just a few years old. Financially, you get more out of your car the longer you own it but there’s more to life than finances. Keeping your car in good condition, minimizing your upkeep with a good warranty and buying models that hold their value can help you get more out of your purchase no matter how long you keep it.
Source: Mashable.com
[Image: Creative Commons ]
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