Is It Really Time for a New Car?

Last, but not least, ask yourself if the time is right to buy a new car. That all depends on a dizzying array of factors, but the gist of it is when youre ready to make a significant down payment and/or trade-in your current ride.
Unexpected life events could push you into buying a new car sooner than youd want. If youre buying one after a flash flood, severe hailstorm, or a traffic accident, then chances are youre replacing a vehicle that was lost due to those events. Cars that have become increasingly unreliable can also drive buyers into the showroom sooner than expected.
If you dont have to buy a new car right away, focus on building up your savings for a significant down payment or even buying the vehicle with cold, hard cash.

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