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Benefits Of Caring A Car

opinionated Essay
1012 words
1012 words
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Your car isn’t working, therefore a call to your service center is in order. It is the second or third time this year you’ve been without your ride, presenting a major inconvenience to yourself, your family and to others. The writing is clearly on the wall: you need to replace your car. But it isn’t always as easy as that. Sometimes you need to the weigh the cost of making repairs with the practicality of replacing your car. The Cost of Repairs Before you look forward to buying a replacement vehicle you need to look back at what your current car costs. These fixed costs should include your registration, insurance, taxes, fuel costs, maintenance and repairs. Review your repair records for the past year. If you spent between $1,500 and $2,500 on your car, then you’re paying upwards of $200 per month to keep your car running. That is a lot of money, but it may still be much cheaper to …show more content…

In this essay, the author

  • Explains that if your car isn't working, a call to your service center is in order. it's the second or third time this year that you've been without your ride.
  • Explains that before buying a replacement vehicle, you need to look back at what your current car costs. these fixed costs should include registration, insurance, taxes, fuel costs, maintenance and repairs.
  • Explains that there are several places to obtain a free estimate, such as kelley blue book, edmunds, autotrader, cars and nada guides.
  • Explains that if your maintenance, repairs, and operational costs exceed your car's value, it is time to look for something else.
  • Recommends establishing a monthly budget to determine how much in car payments you can afford. the higher your credit score, the better for loan approval and favorable interest rates.
  • Opines that not every purchase decision is based on practicality, but there are a number of reasons why people want to buy another car.
  • Explains the parameters for determining whether replacing your current car with a newer vehicle makes sense based on your ability to afford another car or support maintaining your present ride.

If you use your vehicle as your daily driver, most likely you will be adding thousands of dollars on top of your maintenance and repair costs. This figure becomes your annual cost for maintaining your car. What Your Car is Worth Now that you have a good grip on the cost of keeping your car, you need to determine its present value. There are several places you can visit to obtain a free estimate. Kelley Blue Book, Edmunds.com, AutoTrader.com, Cars.com, and NADA Guides are among the sources that provide online calculators to help you determine the price. For instance, if you own a midsize sedan from a manufacturer such as Dodge or Chevrolet, have driven it about 150,000 miles over 10 years, you may find that a dealer would credit you somewhere between $1,500 and $2,000 for a trade. Or you can sell it yourself and possibly get an additional $500 or $750. This is a general example, but it will give you the current value of your car. Reviewing the

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