Local Business
WHEN IS THE OPTIMUM TIME TO TRADE IN?
Consider Safety
Conventional wisdom will tell you the optimal time to trade in your current vehicle is, “Just before it starts costing you more money.” Without a crystal ball you won’t be able to predict unforeseen expenses. One major consideration is safety. Like everything, the safety technology within vehicles can become dated. A vehicle that once held a top safety rating may now be lower on the scale in comparison. As a result, could be less likely to protect you in the event of an accident. Consider the things you don’t see or use everyday when you’re deciding whether to trade your “perfectly good car” in on the latest and safest.
Examine Wear and Tear
Your vehicle is worth more now than it ever will be. Every kilometer you put on, every scratch, dent, or ding, and every new model that comes out, decreases the value of your vehicle. Repairs will either have you locked into that vehicle because you’ve invested in it with various repairs or even large bills for an engine or transmission. Another scenario could be that you’ll end up trading it in at a fraction of the ‘in good running condition’ value.
How much warranty do you have remaining?
If you have a vehicle that’s coming close to the end of the warranty this is generally a good time to look at a new vehicle. The latest statistics say that vehicles without warranty cost on average $1,500 a year to maintain. If you are someone that keeps your vehicle longer than the factory warranty supports, we also have a range of products to keep your vehicle protected and under warranty.
Contact us at Kipp Scott GMC Cadillac Buick to find out whether now is the best time for you to trade into a safer, more reliable vehicle or if an extended protection plan is the best route for you.
From Community Futures Central Alberta
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