Why buying a brand new car is a burden?

06/20/2019

Posted by: Oluwaseun Adeniji

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The prospect of buying a new car could fill you with absolute excitement and yet, you could be swimming in a pool of debt from spending on repairs and maintenance. Read on!

1. Why buying a new car may stress you out?

Spending on repairs and maintenance is a basic thing every car owner would want to avoid at all cost. In the name of comfort or preventing time wasted waiting on a long queue every day, people could go as far as getting loans to purchase a new car for their personal use. Many people see car ownership as a smart investment and they are ready to spend their last kobo to get one. To them, borrowing to get what they want is definitely not an issue.

People should have this in their minds that the moment you purchase a car, it becomes an asset that is losing value day by day. Admittedly, owning a car would ease you of some unnecessary stress. Though it is quite exciting to have a car, you might find yourself in deep debt from ridiculous repair and servicing. Sometimes, some people are smart enough to have a spare financial commitment to things like these.

Truth is, if you fail to pay attention to regular maintenance such as oil change, keeping eyes on critical fluids and filter replacements, you would be confronted with serious repair earlier than you wanted. In spite of all these, you also need to face the reality that no matter how much attention and care you put on your car, you would still need to spend on repairs or replacement of certain worn out components in your car.

>>> Note down these tips in buying new cars! What you should look out for when buying a new car?

image-of-filling-for-bankruptcy

You might end up filling for bankruptcy as a result of constant outrageous repairs on your new car

2. Common maintenance or repair services a car owner has to pay for

Literally speaking, auto repairs are like taxes or death, which you can’t escape except you swap, trade or lease your car before getting to the point of wearing out of components.

>>> You may check a typical maintenance habit of a car owner here: Lexus car maintenance habit every Lexus owner must know

Check out the items below that fail typically due to time and mileage:

  • Water pump
  • Battery
  • Gasket
  • Timing belt
  • Clutch
  • Automatic transmission
  • Rubber materials
  • Muffler
  • Brake pads
  • Fuel pump
  • Tires

Cars, Trucks, and Debt | Why it Never Ends

Do not forget that when you obey the recommended maintenance schedule in your owner’s manual, you are not only saving yourself from unnecessary spending on repairs and maintenance; you are also safeguarding yourself while on the road.

>>> Found this post useful? Check out our other useful car maintenance tips and advice and don't forget we have thousands of Cars for sale on Naijauto.com!

Oluwaseun Adeniji
Oluwaseun Adeniji

Oluwaseun Adeniji

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Oluwaseun Adeniji is a passionate writer and a poet with special interest in writing about cars. He is a master degree holder in international conflict and management. He enjoys feeding the public with the latest auto gist and well researched car reviews. He is also a strong football lover. So, if Oluwaseun is not writing, expect him to be reading about sports.

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