When to Fold and get a new(used) car?

1) When the cost of repairs exceeds the car's value. If the cost of fixing your car is more than what it's worth, it might be time to consider getting a new car. For example, if your car needs a new engine or transmission, the cost of repairs could easily exceed its value. It may be worth more to sell the car as-is and put the money towards a new one.

2) When the repairs are going to be extensive or time-consuming. Even if the cost of repairs doesn't exceed the car's value, you might still want to consider getting a new car if the repairs are going to be extensive or time-consuming. For example, if your car needs a new frame or major bodywork, it could be weeks or even months before it's ready to drive again. In the meantime, you'll have to find another way to get around, which can be both inconvenient and expensive.

3) When your car is no longer reliable. If your car is constantly breaking down or in need of repairs, it might be time to get a new one. This is especially true if the repairs are becoming more frequent and expensive. A new car will give you peace of mind knowing you're driving a reliable vehicle that will get you where you need to go.

4) When your car is no longer meeting your needs. As your life changes, your car needs may change as well. For example, if you start a family, you might need a larger car with more seating. Or, if you get a new job that requires you to drive long distances, you might need a more fuel-efficient car. If your current car isn't meeting your needs, it might be time to get a new one.

5) When you simply want a new car. Sometimes, you might just want a new car even if there's nothing wrong with your current vehicle. This is perfectly normal! A new car can be a fun and exciting way to upgrade your lifestyle. If you're ready for something new, don't be afraid to start shopping around for a new car.