Monday, January 10, 2011

Should You Buy a Car in 2011?

2010 saw much fluctuation in gas prices, particularly over the summer and busy holidays when people were likely to travel. As we head into the new year with gas rising to three dollars or more per gallon, drivers are more careful when filling up their tanks. For those torn between buying a new car in Virginia Beach or hoping their current one holds out until the pumps are friendlier, this can prove to be a trying time.

No matter the time of year, car dealerships will roll out deals to get people to come see what is new, and what pre-owned models are available to buy. Most assuredly if you are in the market for another car - whether to add to your growing family or to replace the once reliable family vehicle - you must weigh the pros and cons of buying now, and anticipate the state of oil prices to come.

Unless you live in an urban area where public transportation is reliable, a car is very likely a necessity. Consider the fuel efficiency of your current automobile and determine if the cost of future repairs would save you money in the long run, as opposed to trading in and financing a newer model. If your family has grown in the last year, or if you find you're using a car more for your business, these factors will come into play.

Lastly, consider safety features. How outdated is your current ride? Do you have concerns about the stability of your car that could come back to haunt in the event of an accident? If so, you may wish to price newer makes with advances safety features like a call service or side airbags.

Whatever you end up doing in 2011 as far as shopping for a new car, take everything into account. Know your budget and anticipate payments and bills, and weigh whether or not holding onto your current car is more or less cost efficient. Drive safely!

Kathryn Lively

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