Motorists feel great relief after finally paying off their car.  So, why do drivers want to dive right in and buy a new car?  Before you take the plunge, consider a few things.  If you don’t have a good reason to make a new car purchase you will be making payments that are unnecessary.

It could be beneficial to buy a car for several reasons.  First, if you have experienced a change in your lifestyle, such as having children, you might need a bigger car that can accommodate you.  Secondly, if you are driving a gas-guzzler, a more fuel-efficient car may be a smart buy.  Third, if you are experiencing a lot of repair costs, it might be time to trade in your vehicle.  However, an auto warranty eliminates unnecessary repair costs.  Finally, if your car doesn’t have the safety features that you desire, you should purchase a safer car.

However, if you are just feeling bored with your current car and are tempted by the new car ads, beware.  The new technological features, such as navigation systems and satellite radio might be alluring, but think twice about getting rid of your paid off vehicle.  After all, the cash that you were giving your lender will end up in your pocket.  As long as your old tried and true has an auto warranty, you can enjoy your car for many years.