Know When to Buy a New Car with This Flowchart

Keeping an old car running instead of buying a new one isn’t always the best fiscal choice. When you look at ongoing costs and safety, a new car may be the better value.

Consumer Reports ran the numbers and compared a few factors that go into replacing your current car:

• Fuel Economy
• Ongoing Maintenance
• Safety
  
• Extra Features like Bluetooth or USB Power
  

Additionally, that current clunker may be paid off, but it may not be as safe as a new car. Things like anti-lock brakes are standard in most cars today, and are not only safer, but could lower your insurance premiums.

The flowchart gives the basic jist, but Consumer Reports actually crunches the numbers in their full report, so hit the link for a more detailed look at the cost breakdown.

Do you really need a new car? | Consumer Reports

from Lifehacker http://ift.tt/1OMrSne

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