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5 Signs: It’s Time For A New Car

July 4, 2014

There are numerous ways that a driver can try to justify hanging on to an ageing set of wheels – whether the prospect of buying a new car is unnerving, your ride holds sentimental value, or perhaps you’ve even named it! (Dibbs on Herbie). Whatever your reasons, there’s no escaping the eventuality of parting with your old friend when the time finally does arrive. You need to embrace the inevitable – and there’s no time like the present. With that in mind, we’ve compiled a few reasons to nudge you in the right direction (towards the scrap heap)! So, without further ado, here are five signs that your car’s life in the fast lane is officially over:

1. HIGH MILEAGE 

If you’re pushing well over six digits on the odometer, that’s a sure fire sign that you may need to retire your wheels. While it’s great to own a car that can go the extra mile and has the lasting power to do so – it can come at a price. Maintenance can be costly when it comes to keeping your engine running, but the higher the number on the odometer, the higher the likelihood and frequency of maintenance repairs – and the lighter your wallet’s going to be. Once your car’s pushing six digits, major components begin to reach the end of their life.

 

2. CONSTANT REPAIRS 

This is an obvious one, but if you’re constantly taking your car back to the repair shop to get something fixed, it may be prudent to calculate how much these repairs are costing you altogether – and compare that figure to your car’s estimated worth. If you’re spending £2000 on repairs for a car worth less than that figure, it may be cheaper for you in the long run to purchase a new car and not have to continually fork out money for endless repairs. New cars also benefit from lower servicing costs and may come with extended warranty periods, saving you serious cash in the long run. Time to get crunching those numbers!

 3. LIFESTYLE SHIFTS 

A flashy sports car with two seats may have been the right car for your youth – once upon a time. Add a family to the mix – with a partner, children and an energetic pooch – and suddenly that sexy coupé isn’t looking so practical anymore! Cars can and do last for years, but when your lifestyle shifts up a gear, your vehicle choices need to change. Practical doesn’t have to mean boring, though – there are plenty of 5-door cars with a big boot and a sporting edge.

4. DIFFICULTY ACQUIRING PARTS 

The car industry is constantly changing and updating models as new technologies progress – and the longer you have your car, the harder it is to acquire new parts when a vital bit of machinery starts failing on you. Even if you are able to acquire the increasingly rare parts you need, you may end up paying a pretty penny for it. This can be a massive burden on anyone’s budget, and buying a new car could make keeping your wheels turning a much easier affair. Either that or you keep trips in your old banger to the bare minimum to boost the longevity of its inner components.

 

5. SAFETY CONCERNS 

There have been huge advancements in road safety over the last decade or two, and new safety technologies are coming to fruition every year. Today, car safety goes beyond the humble airbag – with technologies like electronic stability control and radar auto-braking preventing accidents in the first place! You might be concerned that your current car isn’t as safe to drive as newer models and may not be as effective at keeping you and your family safe on the roads. Upgrading to a new car with all the latest safety technology and impeccable crash test ratings could give you the peace of mind you’re looking for.

If any of these signs sound painfully familiar, it’s time to park your banger one last time and drive off into the ‘new car’ sunset. Kick off your car shopping with the Car Loan Warehouse – our team of experts will work to find you the best car finance offer regardless of your credit score. If you’ve already got a car in mind, head over to our quick and easy online car finance calculator for an instant quote!

About The Author

Jon Le Roux is co-founder and company director of The Car Loan Warehouse. Being a mad engineering and motorsport enthusiast, I spend more hours than is healthy, watching, reading or talking about cars, boats, motorbikes…..basically anything with an engine.