Cars are a means of getting from A to B for some while being a passion for others. It’s human nature to be materialistic. Cars too can be held onto for sentimental purposes. It could be your first car, a car passed onto you, or a vintage car you really appreciated for its historical value.
Cars require a lot of maintenance to stay in top condition. Life gets in the way and before you know it your first ever car has been parked in your garage for years, untouched.
The cost of wear and tear
Those passionate about their cars will surely spend a lot of time and money to keep them in working condition. The longer you keep your car the more frequent and hefty the repair bill will be. After a certain point, your car repairs begin to cost you more than the car itself.
Rubber belts and hoses fitted in your car begin to give way when they dry out, the metal on the rotors wears thing over time, and electrical components of your vehicle will break down too.
The timing belt is an expensive part of a vehicle that needs to be replaced every 100,000miles. Taking your car to a dealership will only cost you more money since they will suggest you get the water pump and drive belts replaced too. A timing belt can cost you anywhere between $800 and $1300.
When to get it fixed
Not everyone can afford a new car when their first one begins to show signs of wear and tear. Fixing your car till you can afford another one is the obvious route. You could be tempted into selling off your current car to pay the deposit, but what will you do about the monthly payment and taxes and insurance?
Repairing your car now buys you time to save for another car. A certain model you’ve had your eyes on will probably become cheaper the longer you wait, since newer models will be released by then. Repairing your vehicle will prevent you from making any hasty decisions.
When to buy a new vehicle
As a rule of thumb, if your existing asset is costing you more money, it’s time to replace it. If your repair bill on your existing car is 50% or more of its cost price, it’s a bad investment. You’re better off buying a new car!
A person willing to spend 50% of the price paid for the car on repairs will surely be able to afford a new one, whether on installments or upfront payment. You need a safe and reliable vehicle to get from A to B; think of it as an investment for your safety.
Scrap your car
When you have finally made the decision to get a new car, you need to think about what you’re going to do with the old one. While some people keep the car in storage or in their garage, scrapping it off is a much better idea. It’s a good opportunity to earn some money and have the vehicle recycled in a responsible way. You’re helping the environment and natural resources too, so sell your car to a known junk car removal service.
Are you on the lookout for a scrap car removal in Pitt Meadows? Noble Towing offers a number of services in the area. Our scrap car removal program aims to recycle as much as possible from rundown cars. Contact us for more information; we’ll get back to you ASAP.