I told the shop I needed to figure out what I wanted to do and would call them back. A Google search for the phrase "Keep old car or buy new" offered about 2,360,000,000 results. I chose the article How to Decide Whether to Keep or Replace Your Car. After reading it I made a list of the pros and cons of keeping my current vehicle.
- The car has been very reliable. Other than routine maintenance I haven't had to put much money into it.
- I don't have a monthly payment, and it would be great to keep it that way.
- Because of the age of the car the insurance and personal property taxes are low.
- The body is still in pretty good shape. I'm not embarrassed to be seen in the car.
- On an older vehicle there's no guarantee something else won't go wrong.
- A newer model would probably get better gas mileage
- January is a horrible time to replace a vehicle. That would mean I would be obligated to renew the license plate right after the holidays for as long as I had it...and years from now might have to spend big bucks in repair work to get it to pass the required safety and emissions inspection our state requires.
I'm glad I decided to stick with my old reliable wheels, but if I get the chance I think I'll start researching what else is out there. That way I'll have the information available if I need it.
Five years ago today: Petite Predicament