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When is it Time…

Posted on: September 27, 2016

When is it time for a new car, and where to start?

car loan ECCU

If you’ve got an old clunker of a ride, you might be putting more money into fixing it than you’d like. Or, maybe you’re just hoping to squeeze a few more months out of it. In the back of your mind, you’re wondering when you should start shopping for a new one.

Getting a new car can be a stressful process. Plus, if you haven’t had to make car payments in a long time (or ever) that might give you some anxiety. Maybe you’re worried about your credit score and how it will affect your rates or your ability to get a loan.

So, when is it time to start your search?

Well, for starters, if your vehicle isn’t safe it might be time to consider upgrading. If you worry about breaking down on a regular basis, leaving you stranded, or if you don’t feel safe sitting in the driver seat, then you really should consider your options.

Second, if you find yourself making the same repairs, or many expensive repairs, the reliability of your car is probably in question. If you’re constantly at the repair shop, you are probably putting more money into your car than its worth. If that’s the case, it might be more of an inconvenience than anything, making you late to work, missing important meetings, or stuck somewhere you shouldn’t be.

Another thing to consider is the practicality of your vehicle. If it gets terrible gas mileage and you’re driving long distances for work, a more eco-friendly or fuel efficient car might be a better idea. Also, if you think your family might be growing and you have a small sedan, a larger vehicle might need to be your next step.

Once you consider these things and decide a new or, new to you, vehicle is your best option, come to Energy Capital Credit Union. We have low rates on auto loans, and car buying tips to help guide you along the way. Get pre-approved and we can get you back on the road in no time!