Keeping an older car can feel budget-friendly but rising repair, fuel and maintenance costs can quickly add up over time.
Published: 06 Sep 2017 Last updated: 03 Jul 20262 mins read
By Aviva Ireland
Key points:
Understand the hidden costs that can build up over time.
Learn what to consider before deciding to upgrade.
Feel confident you’re getting real value from your next car purchase.
See how modern features can support safer, smoother journeys.
Make more informed decisions with a long-term view in mind.
Is your car really saving you money?
It is a common misconception that it’s much cheaper to run a car than buy a new one. Not only will you have to pay for expensive repairs and maintenance, but you'll also be missing out on the latest safety and fuel efficiency features. Additionally, your car's resale value will decrease over time as newer models come onto the market. In order to make sure that you're getting the best value for your money, it's important to consider all of these factors before deciding whether or not to keep an older car.
To help you make a decision on upgrading your car we put these two scenarios side-by-side for you. Comparing Jim’s older model against Anne’s new car with lower emissions.
The cost of running an old car vs new
It is a common misconception that it’s much cheaper to run a car than buy a new one. Not only will you have to pay for expensive repairs and maintenance, but you'll also be missing out on the latest safety and fuel efficiency features. Additionally, your car's resale value will decrease over time as newer models come onto the market. In order to make sure that you're getting the best value for your money, it's important to consider all of these factors before deciding whether or not to keep an older car.
To help you make a decision on upgrading your car we put these two scenarios side-by-side for you. Comparing Jim’s older model against Anne’s new car with lower emissions.
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