Keeping an old car may be a good economic decision, until you reach a point where the costs and risks become greater than the value of keeping it. These are the most prominent signs.
1. Repeat malfunctions
If you visit the workshop more than three times in a year for various malfunctions, the car has entered a stage of general wear and tear.
2. High maintenance cost
When your annual repair bill approaches the value of a new car payment, the comparison makes sense.
3. Poor safety
Frequent brake, suspension or tire problems mean a daily risk that's not worth putting off.
4. Change in family needs
The birth of a child or frequent travel may make your current car unsuitable, no matter how good its condition.
5. Continuous depreciation
The longer you delay trading in, the less value you'll get from your current car.
Conclusion
If two or more signs apply to you, a replacement is often better financially. Send photos and data of your car via WhatsApp to get an initial estimate of its value.