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Expert Tips for Deciding When to Invest in a New Vehicle

The article on Lex18.com provides expert advice on deciding when to invest in a new vehicle, emphasizing several key factors to consider. Financial expert Rick Kahl suggests that the decision should be based on the current vehicle's reliability, maintenance costs, and personal financial situation rather than solely on the age or mileage of the car. He advises assessing whether the cost of ongoing repairs is becoming prohibitively expensive compared to the monthly payments of a new car. Additionally, Kahl recommends considering the vehicle's safety features, as newer models often include advanced safety technologies that could be crucial for families. He also stresses the importance of evaluating one's budget to ensure that purchasing a new vehicle won't strain finances, and suggests exploring financing options and negotiating the best deal possible. Overall, the decision to buy a new car should be a well-thought-out process that balances cost, safety, and financial stability.

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[ https://www.lex18.com/community/experts/expert-tips-for-deciding-when-to-invest-in-a-new-vehicle ]