Do you currently have a car but are thinking about buying a new one? Do you often feel tired because of commuting to work every day on public transport? Are you contemplating purchasing a car instead? Regardless of your current situation, buying a car seems to be a necessity rather than a mere luxury. However, deciding to buy a new vehicle is something that you should seriously think about. Some of the common questions that might pop into your mind are: Can you afford it? What are your chances of getting approved for a loan? Do you really need to replace your current car?
Having a car that you can drive every day is very convenient. You can go to many places and run errands at any time of the day. You can travel comfortably regardless of the weather and traffic conditions on the road. Although you will have to spend extra for fuel, tolls and parking, think about the advantages and how lucky you would be to own one. So if you are still confused about whether to buy or not, here are more valid reasons why purchasing a new car is worth your hard-earned money.
A new car will give you confidence on the road
If you happen to be driving an old car, you should expect problems to arise every now and then. As the vehicle continues to increase its mileage, the more it is prone to damage caused by wear and tear. When you own a new car, you do not have to feel scared or nervous about breaking down in the middle of the road; thus making you feel more confident about driving to other places that you have never been before.
You no longer have to feel embarrassed
Did you know that driving an old car can subconsciously affect your self-esteem? This is true, especially if you are parked side by side with the latest models of cars and SUVs. It is also sometimes embarrassing to offer rides to your friends, knowing that your vehicle is in bad shape. Have you experienced missing important events like weddings or parties because you were worried that people around you would say something terrible about your vehicle? If you often feel this way, you should consider applying for a loan so you can get better transportation.
You are spending too much on repairs and maintenance
Since old cars are prone to breaking down, you should expect to shell out money every now and then for repairs and maintenance. If you think that you are saving money because you are not paying for a monthly car loan, well, you are wrong. The truth is you will end up paying more than what you expect to have your car repaired. If this is always the case, it would be best to buy a brand new car instead. With this, you will have an assurance that you do not need to worry about major repairs for the next five years.
You have a stable job, and you can afford to buy one
Owning a new car means that you should have the capability to pay for it in the next couple of years. If you are scared that you might get denied by banks and other lending institutions, do not worry anymore. As long as your monthly income is more than enough to cover the amortization and you have good credit standing, you have an excellent chance of getting approved for a brand new car. Just remember that you will commit to paying for your vehicle for a certain period of time, which is why you should plan your finances well.
Old cars consume way too much fuel
One of the most common problems that you might encounter with an old car is it is no longer fuel-efficient as compared to newer models. There are also cases where the computer chips are already outdated; that is why the fuel gauge is no longer showing an accurate reading. Driving an old model can lead to wasting more fuel as the years go by, hurting your pocket in the long run. Having the carburetor checked and doing routine oil changes can promote fuel efficiency, but it does not have much impact if you are driving a car that is more than ten years old.
Driving an old car will compromise your safety
When you are driving every day, your number one concern should be the roadworthiness of your vehicle. If you have kids, all the more reason that you should make safety your number one priority. Realistically, old cars do not offer as many safety features like an Automatic Braking System, front, rear and side airbags, plus, collision warning features, and other modern safety features that many car owners dream of. As a car owner, it is essential to feel safe while driving; that is why you should choose to buy a car that will give you peace of mind on the road.
It causes harm to the environment
When you drive a car, you should be aware of your responsibility to the environment. The older the vehicle is, the higher the level of carbon dioxide it emits, which causes air pollution and damages the ozone layer. There is a big possibility that your car may fail the annual emission test that is required. Mechanics usually advise conducting an engine and exhaust overhaul, but it will cost you a lot of money, which is not practical.
Lastly, owning an old car is not cost-effective in terms of the insurance. It is your good intention to insure your vehicle in case of unforeseen circumstances like accidents. However, most insurance companies still charge you regular rates regardless of the age of your car. So it’s better to buy a car that is in excellent running condition so you will not have to worry about many things. Nowadays, it is not that difficult to get a car loan, because of the intense competition for customers in the automotive industry. To learn more about this, you can visit websites and blog resources that offer easy-to-pay car loans without going through the rigorous process of applying to a bank.