Keep Old Car Or Buy New 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
: Total your expected repairs for the year and divide by 12.
: Use a Car Loan EMI Calculator to estimate your payment.
: Older cars often have lower insurance but higher fuel costs. Buying a New Car: