The Ultimate Repair or Replace Your Car Quiz

Your insurance will usually be lower on an older car and is one good reason to consider hanging on to it.

As long as it's in good running condition, it makes good financial sense to keep your older car a while longer.

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.

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.

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.

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.

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.

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.

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.

Remember, it may have become a burdensome clunker to you, but to someone else, it could be the car of their dreams.