When the economy is not doing great, new car sales tend to bottom out. Such is the current case for 2020 and the foreseeable future. With rental car companies like Hertz going bankrupt due to a severe drop in travel, there are a lot of good used cars entering the market. If you are looking to buy high-quality used cars, now is a great time to act.

With that said, a lot of people are of the belief that it is better to buy a new or a “new” used car than to keep their old vehicle. Let’s face it. “New” cars are more appealing, appear cleaner, seem more reliable, and “better”. This is true, and it is easy to be lured into buying something new when you have lost the love for your old car.

However, the true answer lies in the financial details. So, why do we believe it is smarter to maintain your old car than to buy a new or “new” used car? Let us explain.

Put all the sex appeal of a new car aside. Let’s look at straight-up dollars and cents.

The tangible and intangible costs of a new car includes:

  • Monthly payments
  • Higher license fees
  • Higher insurance fees
  • Higher maintenance fees after warranty expires
  • Gas mileage long term costs
  • Safety features
  • Professional requirements

The tangible and intangible costs of an old car includes:

    • No monthly payments
    • Lower license fees
    • Lower insurance fees
    • Lower or higher maintenance fees, depending on how well the vehicle is maintained
    • Gas mileage long term costs
    • Safety features can often be upgraded
    • Professional requirements

To be fair, you really need to sit down with a paper and pencil to chart out the annual costs of keeping your older, well maintained car versus the annual costs of buying a newer automobile.

At D&H Enterprises, we have several solutions for cars of all ages.

If you want preventive maintenance for your current car, we will be glad to handle that for you.

If you want a pre-purchase inspection of the used car you’re looking to buy, we will give it a thorough inspection and provide a full report so you have negotiating power.

If you are truly done with your car and don’t want it anymore, we’ll be happy to accept your donated vehicle and place it into our Cars For Food program we do with Cars 2nd Chance.

Whatever your preference, the auto repair team of D&H Enterprises will be delighted to take care of you and your vehicle. To schedule an appointment for a pre-purchase inspection, preventive maintenance, or auto repair, please visit https://www.dandhautorepair.com/ or call us at 925-356-0683. You’ll be glad you did!