The Best Time to Trade or Upgrade Your Vehicle

Should You Trade-In or Upgrade Your Current Car?

Is it time to trade in your car and upgrade? Finding the right time to trade in your car can be tricky, regardless of how attached you are to it or how eager you are to move on. You want to get the best price with as little hassle as possible. In that case, Genesis of NW San Antonio is here to help. We aim to make the trade-in process as easy as possible for you. In order to help you out, our team has compiled a list of clear signs you need to upgrade your system. Read on.

When Is the Best Time to Trade?

What are the signs that it's time to trade in your vehicle? Most drivers would rather delay getting a new car until it is necessary because they can be quite expensive. Here are some tips to help you decide if it's time to trade in your car.

You Should Assess Your Vehicle

First, consider your car's condition. People often upgrade their vehicles if they no longer run well or have serious problems with them, particularly if repair costs start piling up or if repairs become frequent headaches. In some cases, making a down payment on a new ride and securing a loan makes more financial sense than spending money to fix an old vehicle.

Think About the Cost

New cars cost more than old cars, so that's another factor to consider. However, don't just focus on the sticker price. Other factors to consider include loan interest rates, future maintenance and repair expenses, property taxes, and even updated registration fees. Newer cars sometimes have higher license plate tags than older ones.

Analyze Your Finances

If you have bad credit, get pre-approved for a car loan before making any decisions. If you cannot secure financing, selling your only mode of transportation could leave you stranded without wheels.

When Is the Best Time to Upgrade?

You can get a lot of mileage from an old car, especially if you're not making any payments. In the end, though, you'll have to part with your trusty ride and replace it with something more reliable and newer. The following signs might indicate it's time to upgrade and buy a new vehicle:

You're driving a gas guzzler.

It's nice to have no monthly payments, but if you're spending a lot of money at the pump, it might be time for a more fuel-efficient vehicle.

It's no longer eco-friendly.

Modern cars are equipped with energy-saving technologies that are usually lacking in older models. For the sake of the planet, it might be time to look at more environmentally friendly options.

It's becoming troublesome.

The frequency of breakdowns increases as cars age. Ultimately, you might not want to keep a car if you spend more money and time on repairs than on driving.

It's becoming unreliable.

As you drive to an important job interview, your car doesn't want to move. When your vehicle is unreliable, it can seriously undermine your reputation, as well as affect your daily life.

Trade-In or Buy a New Car from Genesis of NW San Antonio

Do you want to get the best trade-in deal for your car? You're already set up for a great deal with Genesis of NW San Antonio. Speak to our finance experts by calling or visiting our showroom near Helotes, TX.