: New cars typically have lower repair costs and manufacturer warranties. Key Decision Metrics Should You Buy An Old Or A New Car? - ClearTax
: Total your expected repairs for the year and divide by 12.
: Routine oil changes, tyres, and brakes. keep old car or buy new calculator
: Older cars often have lower insurance but higher fuel costs. Buying a New Car:
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 : New cars typically have lower repair costs
: A new car loses roughly 20% of its value in the first year.
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 : Routine oil changes, tyres, and brakes
To run a proper comparison, you must look at the "theoretical monthly cost" of both options over the next 12–24 months.