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About This QuizIs your car starting to show signs of its age? Have you been weighing whether to repair it again or thinking about trading it in for a newer, better model? Take our quiz and learn how to decide when is the best time to trade in your car.
The cost of car insurance is usually less for _____ car.
Your insurance will usually be lower on an older car and is one good reason to consider hanging on to it.
Holding on to your older car makes good _____ sense.
As long as it's in good running condition, it makes good financial sense to keep your older car a while longer.
A _____ vehicle will perform better and last longer than one that's been neglected.
If you've taken good care of your car over the years, chances are that you can still eke out a few more years from it.
Being able to perform your own car repairs is a good reason to _____ your older car.
If you can perform routine maintenance and at least some of your own car repairs, you should be able to keep your old car running for a while longer with minimal expense.
You may need a new, more reliable car if you use your vehicle for:
If you use your car for work, it's not acceptable to tell your boss that you can't do your job because your car broke down. You may have no choice but to upgrade your car.
Since cars symbolize wealth, in addition to being a means of transportation, cars can also be a:
If your car symbolizes status or freedom to you, these factors will play a part in your decision to trade an old clunker for a new and improved model.
Which added monthly expense might you take on when you buy a newer car?
If you don't have the cash to pay for a new car, you will need to take a loan and pay it off over a period of time. If this will wreak havoc on your monthly budget, you may need to reconsider a new car purchase.
How can you be sure you're not buying another clunker when you buy a used car?
Make sure the body looks good.
Ask your friend to take a look at it.
Get a vehicle history report.
When buying a used car, don't make your decisions by how a car looks. Get a vehicle history report that tells you exactly what the car has been through.
What's the best way to get the best price when selling a used car?
Let a friend sell it for you.
Sell it yourself.
Though trading in your car with a dealer is probably the most convenient way to sell a used car, you will probably get a better price if you make the effort to sell it yourself.
Let a dealer sell it for you.
What is an important point to remember when selling your car?
Value is in the eye of the beholder.
Remember, it may have become a burdensome clunker to you, but to someone else, it could be the car of their dreams.
How well it has served you over the years.
The faster you get rid of it, the less likely it is to break down again.