How do you decide when it's time for a new car. My current one isn't that old at all, but it's having its share of problems currently. It's a 2002 Saturn SC2 and it has just over 60,000 miles on it. Why so many problems you ask? I don't know! They are all recent. This car has been good to me these past 7, almost 8 years but it seems to be falling apart! Small screws are coming loose and these a lovely rattle in the dashboard that won't seem to stop. But the car gets incredible gas mileage (29 mpg in the city!) and it's 100% paid off.
According to kelly blue book, my car has an approximate value of $3375 for trade in and $5100 for private sale. That's a decent chunk for a down payment on a good quality used car, and maybe even one that has more than 2 seats! Oh and here's another down side of owning a Saturn...GM closed its Saturn division which means its value will continue to decline rapidly.
So much to think about. Is it worth adding another car payment to our monthly bills? I guess we have some thinking to do.
2 comments:
Here's my advice...for what it's worth. If the problems are only an inconvenience, run that sucker into the ground. If they need to be fixed and it's costing money...go for a new one. I was forced to get a new car when my old Camry wouldn't pass inspection.
I appreciate the advice Lincoln! They do tend to be smaller things but they keep adding up. $100 here, $400 there. The car has been good to me so I think unless I find one of those incredible too good to pass up deals, I'm sticking with my Saturn!
Post a Comment