Why exactly do you need or want to ditch your current ride and get a new one? When you just want a new one, and you can easily afford it, then by all means, you have the right to do so. However, you should also think about the impact of a new car on the environment.
On the other hand, when your goal is to save the most on your transportation expenses, you should weigh the overall costs, both in the short-run and the long-term, of keeping your existing car and buying a brand new one.
Fixable and replaceable parts
Just because your car failed you for the first time does not mean you should just bid it goodbye right away. Remember: all automobiles, regardless of their brand, make, or model, will develop problems with use and over time. A vehicle’s engine is one of the parts where problems may arise.
It is possible to repair or replace an engine. This is much better, more practical, and greener option when your ride’s engine fails. When the problem is an unfixable engine, consider working with a Perth supplier of reconditioned engines like jtwautoparts.com.au. High quality reconditioned machines can perform just as well as their brand new OEM counterparts, but for a much lower price.
Age and wear
How long have you owned your car? Did someone else own it before it came to your possession? Knowing the age of your car can already help you gauge whether or not to purchase a new one. Excessive wear and tear on nearly all major areas of your vehicle are also good indications that a brand new ride may be the more practical and cost-effective choice.
However, you should consider keeping a relatively new vehicle, or at least one that has not undergone numerous repairs.
The bottom line
All in all, your final decision should boil down to the overall potential costs of keeping and repairing your current ride vs. buying a new one.