Is It Time to Retire Your Old Car?

9/2/2016


Are you trying to squeeze a few more miles out of your old, unreliable car? Many people hold on to old cars because they enjoy not having a car payment. Others hesitate to buy a new car because they don't think they will qualify for a decent car loan.

Despite the reasons you are putting off retiring your old car, there will come a time when it is necessary. The decision shouldn't be made lightly. You and your family's safety could be at risk if you continue to use an old, unreliable vehicle.

Here are some signs that it's time to replace your car.

The Car Isn't Safe

Are you nervous that your car will break down every time you drive it? If so, you should consider buying a safer vehicle. Unreliable cars could leave you or your family stranded by the roadside. Older cars can also cause accidents because of a system malfunction. When you drive an unsafe vehicle, you not only put your safety at risk but also the safety of other drivers as well.

If you notice jerking movements while driving your vehicle, or the speed of your vehicle randomly slows, it may be time to get a new car.

The Cost of Repairs Exceeds Your Vehicle's Value

If you are frequently taking your car to the shop for repairs to avoid buying a new car, you may be wasting money. Sometimes, frequent or costly repairs end up being more expensive than buying a new car.

Some car models are known to be less trouble than others. You may be able to avoid similar problems in the future by researching reliable car models before purchasing a new vehicle.

The Fuel Tank Drains Quickly  

Car manufacturers are constantly improving fuel efficiency in newer cars, whereas older cars tend to have poorer fuel economy.

Identify the fuel efficiency of your current vehicle. If you are spending more money on fuel than you would on a new car payment each month, consider buying a more fuel-efficient car. Otherwise, you will likely waste money by frequently fueling your vehicle.

The Car Doesn't Work With Your Current Lifestyle

There are many changes in life that may require a new vehicle. For example, the old beater car you used to commute to work with may not be the best car for you to take your family on a road trip. Other life events may include a new addition to your family, all of your children moving away, a new job, or losing a car in an accident.

The Service Engine Light is Frequently On

If you have started to ignore the lit service engine light because it's always on, you may need to retire your old car. The service engine light on many cars can be checked to determine any necessary repairs. However, if repairs are made and the light remains lit, the light may be failing to function properly. Such a failure will not allow your vehicle to alert you when there are serious problems with your engine.

You may also have other dashboard lights that remain lit in your car. If so, seek the help of a mechanic. If he or she can't fix the problem, consider looking for a new car.

The Vehicle's Current Safety Features Are Outdated

Modern vehicles are much safer than older vehicles. Most new car models have safety technologies and features that can even decrease your chances of getting in an accident. Some features warn the driver of hazards; other features can automatically stop a car to avoid an accident.

Here are some examples of safety features included in many newer vehicles:

  • Rear Back-up camera
  • Electronic stability control (ESC)
  • Curtain airbags
  • Forward-collision warning
  • Lane-departure warning
  • Blind-spot monitoring

Consider buying a new car to take advantage of these beneficial safety features. Even if you don't buy a brand new car, many cars built within the last five years still have many of these safety features.

If you noticed one or more of these signs, consider donating your old car to Newgate School. Not only will you benefit from a new car, but the students at Newgate will have an opportunity to learn from the damages on your old car.