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Franky Rochetich
by on October 15, 2021
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Ask yourself these 2 questions and be amazed at how easy it is to make a choice between Buying a New Car vs keeping the Old one. You should only seriously consider buying a new car when the situations become untenable and impractical (also underscored in two situations above) to hold on to your old car. If you have the money to comfortably buy a new car, then this post wouldn’t have been a very lengthy exercise to write or read. You can trade in your old car and get a new one – it’s a no-brainer. However, not all people have that luxury.
A new car depreciates the fastest in the first 5 years. So, if you buy a new car, you need to know that it loses value fast during that period. In comparison, it is assumed that your older car now depreciates at a slower rate. The fact, however, is that depreciation depends on other factors, including make, model, MY, your driving style, and many more. I hope you found this helpful. If so, we’ll appreciate if you could share it with friends and family. We also invite you to read more of our blog articles here.
For more info please visit on: https://carpart.com.au/blog/carpart/buying-a-new-car-vs-maintaining-your-old-car
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