Some people will hold onto their car forever. And those people should be applauded. Studies show that the longer people drive their car without payments, the further ahead they are financially. Everyone knows someone who is driving around in an extremely old car that has more than 300,000 miles on it and is covered in rust. However, eventually even the sturdiest vehicles wear out and it becomes impractical to keep them running. At some point, common sense needs to kick in and motorists need to accept that it is time for them to purchase another car—whether a brand new one or a slightly used vehicle. Here are eight signs that is it likely time to let your old car go and buy another one.
8. Breakdowns and Repairs Occur Frequently
The occasional breakdown on an older vehicle should be expected, and paying for needed repairs every once in a while is reasonable. However, when a car starts breaking down with increasing frequency, it is likely time to start thinking about getting another vehicle. As a general rule, you don’t want to experience more than two breakdowns a year. And by breakdown, we mean incidents that prevent the car from being driven and require major, costly repairs. We’re not talking about having to replace the windshield wiper blades or the air filter. We’re talking about replacing radiators, exhaust systems, and fixing major engine malfunctions. If you get to a point where your car is breaking down every two, three or four months, then you’ve got a serious problem on your hands.