5 Common (And Not-So-Common) Tell-Tale Signs It’s Time for a New Vehicle
Posted on October 16, 2023 by Active Insurance
Purchasing a new vehicle is a big commitment and responsibility with many things to consider. Unfortunately, the need to buy a new car is sometimes inevitable.
But how will you know it’s time to get rid of your current set of wheels and purchase a new vehicle?
Active Insurance has a few common and not-so-common tell-tale signs that could help inform your decision.
Frequent and Costly Repairs
Visiting the mechanic for repairs is a challenging situation. Especially if it happens much more frequently, if the bills are piling up and your car keeps breaking down, it may be time to evaluate the cost of repairs against the current value of your vehicle. In many cases, investing in a new car may be a more financially sensible option.
Declining Fuel Efficiency
If you’ve visited a gas station in the last few months, you know how expensive fuel can be. If your car’s fuel efficiency is subpar, it could be a sign that your car’s major components are wearing out. In the long run, upgrading to a newer, more fuel-efficient vehicle may be your most cost-effective option.
Safety Concerns
There’s a solid chance your vehicle lacks the safety features that make modern vehicles so desirable. If safety is on your mind, you may want to consider a car equipped with adaptive cruise control, automatic emergency braking, lane-keeping assist, and other safety features.
Decreased Reliability
Has your car ever left you stranded in the moments you most needed its reliability? Has this happened a lot more frequently over the last few months? If your vehicle doesn’t have what it takes to offer you reliability, it may be time to start shopping around for a more dependable car.
Resale Value Considerations
Depreciation is a fact of every vehicle’s life – their value decreases substantially as time passes. If you’re concerned about how much money you could get for your current set of wheels, trading in or selling it may be your best option.
Insurance You Can Trust
If you decide to purchase a new vehicle, you must protect it with an insurance policy you can trust. Not to worry, Active Insurance has you covered.
Contact our insurance agents today for a quote or more information about our services.