Hanging onto Current Vehicle vs. Buying New a No Brainer

Buying a new car might sound cool and exciting, but keeping your current vehicle, and continually maintaining it at recommended intervals, makes more economic sense than purchasing a new one, says the non-profit Car Care Council.
“From the down payment to the monthly car payments and higher insurance rates, the cost of buying a new car adds up really fast,” said Rich White, executive director, Car Care Council. “By simply budgeting the equivalent of just one new car payment, you could cover an entire year’s worth of basic maintenance on your current vehicle and redirect the rest to beef up savings, take a vacation, or pay off credit card debt, college loans and other bills.”
ORLANDO, Fla. (November 11, 2015) –Automakers’ decision to eliminate the spare tire may leave more than 30 million drivers vulnerable at the roadside, according to new research from AAA. Tire inflator kits, a high-cost alternative for consumers, have replaced the spare tire in millions of vehicles over the last 10 model years and, due to their limited functionality, cannot provide even a temporary fix for many common tire-related problems. AAA calls on automakers to put consumer interests first and halt the elimination of the spare tire.
The holidays are stressful enough without having to worry about your vehicle making it over the river and through the woods in time for dinner at grandma’s house. The Car Care Council recommends that before hitting the road for the holidays, you take a little time to have your vehicle thoroughly inspected to make sure it is road ready.
ORLANDO, Fla. (November 17, 2015) – AAA Travel forecasts 46.9 million Americans will journey 50 miles or more from home during the Thanksgiving holiday, a 0.6 percent increase over the 46.6 million people who traveled last year and the most since 2007. With 300,000 additional holiday travelers, this marks the seventh consecutive year of growth for Thanksgiving travel. The Thanksgiving holiday travel period is defined as Wednesday, November 25 to Sunday, November 29.
(WASHINGTON, September 14, 2015) - Falling gas prices continue to benefit motorists with three southern states posting averages below $2 per gallon: South Carolina, Mississippi, and Alabama. This is the first time that three states have had averages below $2 since February. The national average price for regular unleaded gasoline has fallen for 28 consecutive days, reaching today’s price of $2.33 per gallon. Drivers are saving six cents per gallon compared to one week ago and 33 cents versus one month ago. Gas prices remain much cheaper than last year due to the relatively low price of crude oil with drivers saving an average of $1.06 per gallon compared to a year ago.
