Buying a Car for All the Wrong Reasons


The feeling of sitting in the driver’s seat of a “new-to-you” car can be exhilarating. But if you didn’t make that purchase for the right reason, when that excitement wears off, you’ll feel nothing but regret. It’s easy to get enticed by fancy new features or next year’s models, or to try and compete with your neighbor’s new ride – but it’s dangerous to make a big purchase on superficial reasons alone. We’ve compiled a list of legitimate reasons why it might be time for you to buy a new car.

Reliability – According to J.D. Power, more than half of car buyers claim that after styling, reliability is the most important factor in choosing their vehicle. And this is for good reason – if you can’t guarantee that your current car will get you from point A to point B, you’re wasting time, money and can potentially endanger others on the road with you. Whether you decide to buy new or a previously-owned auto, either option should provide you with a more confident driving experience.

Safety – Even if your current car is a relatively safe ride, certain updated features like rear-view cameras and enhanced airbags can be a huge benefit in keeping you secure on the road. Not to mention, the automobile industry is constantly striving to reach higher levels of safety each year, and a newer model is likely to reflect those standards more than an older one.

Value – At some point, the wear and tear of driving a car will cause it to need regular attention from your mechanic. It’s important to decide when the value of having your old car repaired outweighs buying a newer model. If you find yourself having to hit the shop more and more frequently, it might be a better idea to invest in an auto with more life left in it.

If you’re ready for a new ride for all the right reasons, contact Florida Credit Union – as your credit union, we strive to provide low rates, easily understood terms and fast service. Stop by your local branch today, or apply online any time at flcu.org.

 

Like this article? Check out this similar piece on the FCU Blog: “Take 2: The Two Parts of Buying a Car” 

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