Car Trade-In: When Is the Best Time?

A question that has been plaguing car owners since the invention of the automobile is when to repair the car you own and when to get a new car. It isn’t an easy question to answer, but a recent article from the Christian Science Monitor attempted to shed some light on the subject.

Some people would argue that you could keep repairing a car over and over again until the wheels fall off and could still save money over buying a new car. Those people are wrong, and even if you could find a way to save some money with numerous repairs, all you are doing is delaying the inevitable. By the time you finally trade in, the car you are trading in won’t be worth nearly as much, and you will have sunk hundreds or thousands of dollars into a car that doesn’t properly run.

Christian Science Monitor also points out that having an unreliable car could cause other problems. What if your car breaks down on the way to work? Can you get to work by public transit until you are able to get a new car? There is a good reason why car ownership has been strongly tied to employment status. Car owners don’t have to rely on public transit, so they have more employment options available to them, and they are more likely to be reliable and prompt.

Are you done sinking money into an unreliable car? Approved Loan Store can help you with your trade-in and new car purchase! Whether if you have good credit, bad credit, or no credit, we will work hard to get you a great new car at terms you can afford! Get started by filling out our secure online auto loan application here, and for more auto news and buying tips, like Approved Loan Store on Facebook, follow Approved Loan Store on Twitter, and subscribe to Approved Loan Store on YouTube!

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