To run a proper comparison, you must look at the "theoretical monthly cost" of both options over the next 12–24 months.
: Total your expected repairs for the year and divide by 12.
: Older cars often have lower insurance but higher fuel costs. Buying a New Car:
: Use a Car Loan EMI Calculator to estimate your payment.
A widely accepted guideline is the : If a single repair cost exceeds 50% of the car's current market value , it is generally time to replace it. For example, if your car is worth ₹2,00,000 and requires a ₹1,20,000 engine overhaul, the investment likely won't be recovered in resale value. Keep vs. Buy: The Comparison Calculator
: A new car loses roughly 20% of its value in the first year.
Deciding whether to sink money into your current vehicle or take on a new car payment is a common financial crossroads. The smartest way to decide is to move past emotions and use a framework. The 50% Rule of Thumb
To run a proper comparison, you must look at the "theoretical monthly cost" of both options over the next 12–24 months.
: Total your expected repairs for the year and divide by 12. keep old car or buy new calculator
: Older cars often have lower insurance but higher fuel costs. Buying a New Car: To run a proper comparison, you must look
: Use a Car Loan EMI Calculator to estimate your payment. Buying a New Car: : Use a Car
A widely accepted guideline is the : If a single repair cost exceeds 50% of the car's current market value , it is generally time to replace it. For example, if your car is worth ₹2,00,000 and requires a ₹1,20,000 engine overhaul, the investment likely won't be recovered in resale value. Keep vs. Buy: The Comparison Calculator
: A new car loses roughly 20% of its value in the first year.
Deciding whether to sink money into your current vehicle or take on a new car payment is a common financial crossroads. The smartest way to decide is to move past emotions and use a framework. The 50% Rule of Thumb