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I have almost have my car paid off. Should I trade it in for a newer one?

Answers from the Automotive Experts

Jessica Howe, Automotive Expert & Coach at AskPatty.com

Hello, 

Thank you for writing in. There are several factors you will want to consider. For example, is there a new model that has caught your eye? The new Mercedes-Benz models have many technological upgrades that you may be interested in. These include smart-phone integration, passive and active safety systems, and so much more. The monetary side should also be a factor. Depending on the condition of your current model, trade in value may be on your side. The timing should also be correct. New 2019 models are going to start hitting dealership floors soon. This means that brand-new 2018 models are going to be discounted so dealerships can clear inventory. If you time it right, trade in value and the time of year can make upgrading seem like common sense. Consider your personal connection with your car now, and ask yourself if you are ready to say good bye in turn for something new. Fuel efficiently and performance has also changed significantly in the last 10 years. Many manufactures are putting smaller turbo-charged engines in place of larger less-economical options. Transmissions have also changed, and the new models have seamless shifting which most really enjoy. 

Good luck!


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