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Fido Finance have been going the extra yard for our car finance clients for years. With our expert insights and leading lender contacts we’re experts at seeking out the best personalised rates for our clients – fast!

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A low rate personal finance solution could be the best option to help you consolidate other debts, buy your next car or even getting the funds together to head off on a dream holiday.

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Best Time to Upgrade Car Guide

Looking to upgrade? Upgrading a car is a big decision and one that requires careful consideration. With so many factors to take into account, it can be hard to know when the right time to upgrade is. In our Best Time to Upgrade Car Guide, we’ll go over some of the key factors to help answer one of our team’s most frequently asked questions ‘When should you upgrade your car?’, so you can make an informed decision.


Best Time to Upgrade Car Guide – Key Things to Consider

Age and Condition

One of the most obvious signs that it’s time to upgrade your car is if it’s getting old and showing signs of wear and tear. If your car is more than a decade old and is experiencing frequent breakdowns or costly repairs, it may be time to consider upgrading.


Your Budget

Upgrading a car can be expensive, so it’s important to make sure you can afford the new car and any associated costs, such as financing or insurance. You should also consider the long-term costs of ownership, including fuel, maintenance, and insurance as a key factor in deciding when should you upgrade your car.


Your Needs Have Changed

If your lifestyle or job requires you to drive frequently, you may need a car that can accommodate more passengers or provide a smoother, more comfortable ride. If you’re frequently hauling large items or towing a trailer, a larger, more capable vehicle may be a better fit.


Improved Safety Features

If your current car doesn’t have the latest safety features like lane departure warning, rear camera, or park assist, upgrading to a newer model may be beneficial. Not only will it give you peace of mind, but it may also help to protect you and your passengers in the event of an accident.


Fuel Efficiency

Fuel efficiency is one of the main factors many of our clients take into account when considering the best time to upgrade car. More fuel-efficient cars use less fuel and therefore save money on fuel costs over time. This can quickly add up to significant savings over the life of a car. Cars with better fuel efficiency also have lower emissions, which can have a positive impact on the environment by reducing air pollution and the emissions of greenhouse gases.


New Features and Capabilities

If you are looking for an enhanced driving experience and want to enjoy new features and capabilities, such as a larger touch screen display, advanced infotainment systems, or advanced driver assistance systems, one of the key reasons to help answer ‘When should I upgrade my car?’ might be to simply have the latest features and capabilities.


Future Proofing

With increasing concerns about climate change and the environment, many governments are beginning to put in place regulations that will require all cars to have better fuel efficiency in the near future, so by upgrading to a more fuel-efficient car today, you’ll be better prepared for these new regulations, and you’ll help protect the environment.


Government Incentives

It’s always worth considering any government incentives available for upgrading as well, as this can help to offset the costs and make the transition to a new car more affordable. Make sure to check with your local, state and federal government bodies for the incentives that are available to you before making any final decision.


Looking to Upgrade?

When considering ‘when should I upgrade my car’, ultimately, the best time to upgrade your car is when you feel that your current vehicle no longer meets your needs or when the cost of maintaining your current car is becoming a burden. By considering the factors above, you’ll be able to make an informed decision and find a car that’s the perfect fit for you. If you’re ready to make a change or are looking for a new car loan, speak to the vehicle finance brokers at Fido Finance today! You can call us on 13 34 36, try out our Obligation Free Car Finance Pre-Approval or contact us online to get started!

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