Movin’ On Up: Is It Time For An Upgrade?

Is your car spending more time with your mechanic than at your place? It might be time to answer the question, “do I need a new car?

A common question that pops up after a few years of car ownership is, “should I upgrade my car?”

There are a lot of factors that go into deciding whether or not to upgrade, it might seem like a smarter decision financially to drive an older car, but once you account for repairs and an increase in fuel consumption it could end up being more expensive in the long term.

Purchasing a new car is a massive financial decision and one that shouldn't be taken lightly. That’s why it’s important to be able to identify when and how to upgrade an old car when the time comes.

 

Will you save money?

Money, money, money.

They say money makes the world go round.

In the case of upgrading your car it’s no different.

While you may think that driving your old car around is saving you money, you may be wrong. If your car spends more time with your mechanic than in your garage - and half your salary is going towards repairs - it might be time for an upgrade.

A good rule of thumb is that if the maintenance cost for your vehicle is equal to more than half of the car’s current value, it’s probably time to upgrade.

The problem with this rule is that it doesn’t account for any repairs that may be needed in the near future and it’s impossible to guarantee the vehicle will be reliable in that time. 

Whereas with a new car you’ll most likely be covered under a new car warranty, like Honda’s 5-Year Unlimited KM Warranty.*

 

Is Your Car Safe?

No matter how much money you’re saving with an older car, it’s never worth it if the car isn’t safe. 

Your safety when you’re behind the wheel should be your number one priority.

That's why we developed our Honda SENSING technology, Honda SENSING is our advanced suite of safety technology designed to protect you when you’re behind the wheel. It includes systems that assist you in avoiding distraction, prevent your vehicle from straying off the road and reduce driver burden.# 

If your old car is deemed as unroadworthy or isn't meeting the same standards that are achieved with a 5 star ANCAP safety rating, then it’s time to seriously consider an upgrade.

 

Decide For Yourself

At the end of the day, the only person that can decide that you need a new car is you. No one knows your car’s repair history or your financial situation better than you. 

So treat these tips as exactly that, tips. 

 

How To Upgrade An Old Car

If you do decide it’s time for an upgrade there are a number of ways you can go about upgrading to a new set of wheels.

 

Trade It In

Depending on the current market value of your vehicle you could trade it in for a discount on your new car.

 

Sell It Privately

Sell your car privately through online services such as Carsales.

 

Sell it to a third party

Online third parties will buy your car online and offer a quick, hassle-free solution.

 

Scrap it

Depending on the age and condition, scrapping your car might be your best option.

Movin’ On Up: Is It Time For An Upgrade?

If you’re looking to upgrade, now’s a better time than ever with Honda’s great deals on drive away prices for the Honda CR-V. Whether it’s a growing family or a growing sense of adventure the CR-V will not only meet your needs but exceed them as well. 

The CR-V is as versatile as ever with a 5 seater and 7 seater option as well as Honda’s suite of advanced safety technology, Honda SENSING available on select models.

If you’re interested in getting behind the wheel of your very own CR-V, get in touch and find a dealer today to learn more.

 

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*5-year unlimited kilometre warranty available on all vehicles except those used for a Commercial Purpose, where a 5-year/140,000 kilometre (whichever occurs first) warranty is applicable. See www.honda.com.au/owners/warranty for full terms and conditions or visit a Honda Dealer.

#Honda Sensing technologies are driver-assist technologies and should not be used in place of safe driving practices. Drivers should continue to monitor the road at all times. The accuracy and operation of Honda Sensing technologies may vary based on weather, speed, traffic, road conditions, markings and other factors