Some decisions look very simple but turn out to be really complicated. You must have said a million times, “Oh I want to get a new car!” But each time your car breaks down, you think “Should I just get it repaired, instead of buying a new one?” No wonder this is a big decision. However, if certain parameters are considered, the decision could be easier. These include the financial capabilities, the age of the car, repair costs and safety measures.
Not buying a new car makes economic sense only if the repair costs on your current car are not repetitive and exorbitant. Let’s consider a few points.
Both the decisions have their own set of pros and cons. Continuing with your current car and repairing it is less time consuming than researching and shopping for a new car. The insurance doesn’t change and you know the car too well. However, the car might need more repairs and have safety concerns. Newer cars would definitely be more reliable, with advanced features. There would be no repair cost, but then there are installments and maintenance costs! Unless your car has some classic or sentimental values attached to it, points like cost, spending and safety concerns should help you decide – Repair or Replace? Drive Safe.. Drive Bindaas!
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