Back to all

I Want a New Vehicle. Or Do I? (Vehicle Maintenance Payoffs)

June 2, 2024

Spring is a peak season for vehicle sales; companies aggressively market new models and offer all sorts of incentives.  So you may be tempted to buy a shiny new beauty.  But should you?

If you've regularly maintained the vehicle you're driving now, you probably don't NEED a new one.  Even if your current one needs some repairs, how do those costs compare to what you'd spend on a new vehicle?

A brand new vehicle starts to depreciate the second you drive it off the lot. How much? Experts say you'll lose half of its value during the first 5 years of owning a new vehicle. So if you pay $30,000 for a new one, you'll lose $15,000 in 5 years.  That's a lot.

If you have paid off your current vehicle, think of having to start making car payments again.  Let's say your new payment would be $350 a month.  Bet you can think of a lot of things you can buy with an extra $350 a month.

Many considering a new vehicle don't factor how much their insurance and license tag fees will increase.  You may save yourself hundreds of dollars in insurance and license tag fees every year if you keep your old vehicle.

That gets us back to the original question.  Do you need a new vehicle? Reliability and durability of most models have made dramatic improvements in the last couple of decades.  It's not unusual for a vehicle to reliably reach the 200,000 mile/325,000 km mark these days.  That's due to new engineering in powertrains, corrosion protection and lubricants. 

The best bet to keeping a vehicle on the road longer is scheduled, regular maintenance and inspection.  Replacing parts before they fail is often cheaper than waiting till they do fail; frequently that prevents a damaging domino effect that affects other systems in the vehicle. Finding a service facility you can trust and developing a relationship with that facility ensures your scheduled service and maintenance will be done correctly, minimizing breakdowns. 

Sure, at some point you may find you need a big repair that will cost more than your vehicle is worth, or rust will destroy vital components. But it's wise to use reason rather than emotion when you're making any decision about your vehicle, and sticking with your current one could be the most sensible choice.


Tuffy Fort Myers (McGregor Blvd)
13061 McGregor Blvd
Fort Myers, Florida 33919
239-437-2993
https://www.tuffymcgregorblvd.com

Need Service?

Request a Quote

More articles from Tuffy Fort Myers (McGregor Blvd.)

By the Numbers: Tire Replacement at Tuffy Fort Myers (McGregor Blvd) in Fort Myers

July 14, 2024

Ever notice that your tire is covered with writing? It's like some hieroglyphic art form. Of course, Fort Myers drivers know that it's not just graffiti, but to most of us, it might as well be. Would you like to know what all those codes on your tire mean? It won't lead you to buried treasure, bu... More

Fort Myers Air Conditioning Service

July 7, 2024

Working up a sweat is a great thing to do in a gym around Fort Myers, but not in your vehicle. When Fort Myers residents' vehicle AC Systems have a problem, they'll often feel it right away. The question is, how long do you put up with it? You know, the old comfort versus cost dilemma. But a more... More

The Part You've Never Seen (Flat Tires and Solutions)

June 30, 2024

They say your vehicle has one, but you've never seen it. And you might not even know it if you stumbled on it accidentally. We're talking about the jack, that tool that allows you to lift one corner of the vehicle up so someone can change a flat tire. So you say you'd never try to change a flat ... More