Other than simply wanting the latest and greatest, of course, how do you know when it is time to trade your current ride in for something new(er)?
Here are a few things that may be telling you it is time for an upgrade.
- Too much maintenance. Are trips to the mechanic getting a little too frequent for your liking? If your warranty has run out, this can be especially worrying and costly. Cars these days are quite reliable, but they are not invincible, and neither are our wallets. Is it worth continuing to fix your current car, or would it be better to get something newer? Ask yourself this: does the cost of the yearly maintenance plus its depreciation outweigh the depreciation of a newer model? If the answer is yes, it may be time for an upgrade.
- Big Model Changes. Car manufacturers upgrade their models every year, but often with only slight body or feature changes. However, every six or so years, many car models go through substantial changes. Do some research to see if your current model is due for a major update. If it is, dealers may be willing to give you a good trade-in price for your current ride in exchange for the newer model.
- Car Accidents. Accidents happen. But if your vehicle wasn’t fixed by a certified professional (the expensive route) then your ride may now be unsafe for you and your family to continue to cart around in it. Accidents also depreciate the value of your car even more, and can have a knock-on effect with gas mileage, performance, and overall handling. It might be time for an upgrade!
- Lifestyle Changes. If you went from single to married to having children, it may be time to upgrade your hatchback for a family vehicle like a van or an SUV. Or, if the kids have now flown the nest, you may not need as much space as you did before. In that case, it may be time to downsize and save a little on gas.
Now that you’ve got the knowledge, it’s time to shop for a new ride! Head to gumtree.co.za or your Gumtree app (click for Apple & Android) and don’t forget to use your location settings to attract buyers close to home.