When To Upgrade Your Vehicle

September 11th, 2020 by

 

 

 

 

 

 

 

 

 

 

Thinking about possibly upgrading your vehicle for something newer, more reliable, and more spacious but unsure if it’s the right call? Today we’ll break down a few key points that will help you to determine when to upgrade your vehicle! 

 

Maintenance Costs 

The second and quite important point is maintenance costs. Obviously, everyone incurs the typical costs associated with owning a vehicle, such as getting oil changes, changing winter tires, wheel alignment, filter replacements, etc. However, due to your vehicle’s age or specific make and model, the maintenance fees associated with regular maintenance. If you’re having to get regular maintenance that over the past couple years has outweighed the actual value of the vehicle, it’s probably time to upgrade. In addition, think about your weekly or bi-weekly payments that would go towards owning or leading a newer vehicle. Are those monthly payments actually less than you have spent on maintenance in the past two years? Are the parts that are needed to perform maintenance on your vehicle increasing due to them being outdated and therefore less easily accessible? These are all great points to consider. 

 

Reliability

The reliability of your vehicle is the first and easily the most important point to consider when you’re thinking about upgrading your vehicle. Can you think of countless times when your vehicle unseemingly turned over and wouldn’t start in those cold winter months? Conversely, is the air conditioning old and dicey, leaving you extra toasty even with the windows down during our hot Saskatchewan summers? Putting aside temperature conditions…has your vehicle ever stalled on you, putting your safety and the safety of others on the road at risk? If you’ve answered yes to one or more of these questions…maybe it’s time to start thinking about 

 

Mileage

How’s your mileage? It is pretty typical for a vehicle to put on 20,000 km per year. 

Most vehicles will max out their safe driving range at around 200,000 miles (about 320,000km). Therefore if you’ve had your vehicle for 10 years you’re at about the 200,000 km range, which is nearing an appropriate time to have driven your vehicle for. This number doesn’t take into account yearly or semi-annually long road trips or very frequent highway drivers. AKA- if you fall into that category…your time for safely driving your vehicle can decrease significantly! 

Lease or Buy 

So you’ve determined that it may be time for an upgrade, now your next decision is whether you want to lease or buy! Leasing is great because you aren’t responsible for the vehicle in the long run! You can start with a new year lease and then switch to another vehicle after the two years, perhaps another newer model! However, if you plan to really invest in a new vehicle and want to have it for another say five to ten years, buying it may be the better option for you! Your budget, lifestyle, and travel habits will also be a determining factor in your decision! 

 

The Right Time to Upgrade 

If you’re still unsure about whether you want to upgrade or not, or if you’ve decided that you want to upgrade but you’re torn on whether a lease or buying would be your best decision, we’re here to help! We have an experienced and knowledgeable team of Product Specialists that will help make your decision a breeze! They’ll walk you through the process and help you find the vehicle that’s right for you! 

 

To find out more about which vehicle may be right for you,  visit Capital Ford Lincoln at 1201 Pasqua Street North Regina, SK.

Posted in Lifestyle