Understanding when to upgrade your car is critical to minimizing the odds of being involved in an auto accident. Consumer Reports recently published an article outlining "tips for deciding if you need a new car."
Consumer Reports advises:
So should you hang on to your old wheels? It depends on a lot of factors, including the condition of your car and your finances. Think about cost, safety, and connectivity. If your mechanic is spending more time with your car than you do and your repair bills are close to new-car payments, it’s probably time to trade up. Or your car may run well, but rust or collision damage can make it structurally unsound. The only older cars worth keeping are the ones that are reliable and safe.
At a minimum, an older car should have electronic stability control and curtain air bags. Both are lifesavers.
Going with a new car is the best way to get the latest electronic safety gear, such as forward-collision and lane-departure warning systems, as well as features like a blind-spot warning system and a rear backup camera. And only the newest vehicles excel in the latest difficult insurance-industry crash tests.
Consumer Reports also breaks down the three things consumers should consider before buying a new car.
#1 Money
How much a car with higher mph will save you?
How much does it costs to repair your current car?
How much value will the new car lose?
#2 Safety
What safety features should every car have?
How to make your car even safer?
#3 Connected Features
What basic features should come with new cars?
What specialty items come in new cars? (voice command, GPS, etc.)
To see the Consumer Reports article and the charts and info-graphics, click the source link below.
Source: Consumer Reports