Buy A New Car Or Not Apr 2026

: If annual maintenance and non-routine repairs average over $3,000, they likely outweigh the depreciation hit of a newer vehicle.

Your current car’s repairs exceed 50% of its market value or if critical safety features (like AEB) are missing. buy a new car or not

Consider a 3 to 5-year-old used car . You avoid the initial 20–40% depreciation hit while still getting modern tech and remaining warranty. 📊 Repair vs. Replace: The "Rules of Thumb" : If annual maintenance and non-routine repairs average