Buy A New Car Or Not -

While new cars offer peace of mind, they come with "invisible" costs that can derail your budget. What People Ignore About Buying New Cars

The annual repair costs are under $3,000 and it has a reliable history (e.g., Toyota, Honda). buy a new car or not

: If a single repair costs more than half of the car's current market value, it’s usually time to sell. While new cars offer peace of mind, they

: If annual maintenance and non-routine repairs average over $3,000, they likely outweigh the depreciation hit of a newer vehicle. buy a new car or not

Before committing to a new loan, use these metrics to evaluate your current vehicle's worthiness.