People replace vehicles when the maintenance cost exceeds the monthly budget. Many vehicles are bought on finance. Owners need to pay monthly installments plus the maintenance cost of a car or motorbike. With the passage of time, all the vehicles get old and the price value also depreciates. Some of the models of the car get out of trend within two or three years. There are many reasons for the replacement. In the following ways, you will know when to replace your car.
Know When to Replace Your Car
1. Higher Monthly Maintenance Cost
Monthly maintenance cost starts from the very movement after buying a vehicle. In starting, the cost consists of additional accessories on a new car. As time passes, other costs included. As a result, after a few years, the maintenance cost exceeds even the monthly car installment. At that time, a car becomes a burden on owners. Therefore, people think to replace the car. It should be too, as it is illogical to pay more on monthly maintenance.
2. Continuous Low Mileage
This is another reason to bid farewell to the old one and buy a new car. At some point, the mileage of the car decreases continuously. And this too increases monthly maintenance charges. This is due to either over-performance of the engine or malfunctioning of adjoining parts.
3. Replace Car after Driving Certain Kms
Tech conscious people always keep changing vehicles after driving a certain time. The stipulated driving kilometers are 160,000. But in some cases, the car remains a new one despite fewer kilometers driven. Office goers have this type of car. They don’t go long drives every day.
4. When Car Becomes Unsafe after Accident
After a car accident, the overall health of a vehicle becomes vulnerable despite working in a good way. Normally, the alignment of the vehicle moves away from the real position. Some people also think ill-omen if they are still driving the accident-prone vehicle.
5. New Cars with Upgraded Features in Market
Another big reason for replacing a car is the new trending vehicle models in the markets. The automobile companies launch new cars with stunning features every month. These allure people to replace old with a new one.
Thus, the above-mentioned reasons are chief ones. People should keep a car for some certain years i.e. 3 to 4 years normally. After this, they might replace the car. Always be a technology conscious than what the other people say.