Once a car is paid off, keeping it running is often cheaper than buying another.
Think about it
- Compare a repair bill with a year of new car payments
- Keep paying yourself the old car payment into savings
- Use that savings for repairs, or a bigger down payment later
- Replace when repairs become frequent or safety is a concern
General educational information. Loan terms and fees vary. Thrifty Horizon isn't paid by any dealer, lender, insurer or warranty company.