Used cars are owned by a large proportion of the motoring public, and for very good reason: they are more affordable to purchase than brand new cars!

Often, we would keep our cars for a few years and then upgrade to something newer and perhaps of a different specification to our current models, given that people’s circumstances change often.

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But some people try to keep their old cars on the road for as long as possible, even if it means they end up spending ridiculous amounts of money on their motors to keep them road-legal and reliable.

In such cases, it is not economical to keep ploughing money into old cars. But how do you know when you should call time on your ageing automobile and replace it with something more modern and reliable? Here are some scenarios for you to ponder, and if any of them sound like your circumstances, then you need to call it a day on your car and get a replacement!

It’s reached 100,000 miles, or is 10 years old

If your car has reached either of those milestones, then I can pretty much guarantee you that you will start facing huge repair bills from this point onwards, and that you are now in ‘banger’ territory!

There is a widely-held belief that some car engines are ‘bullet-proof’, for example, but the truth is even if you have maintained your car with almost military precision, things will still start to fail on it, as well as on other crucial components of your car such as the braking and suspension systems.

Repairs cost more than the car’s value

Another reason why you ought to get rid of your car, and buy something newer from a car dealer such as, is if the last 12 months’ worth of repairs done to your car cost more than the overall value of it!

I am currently looking to buy a replacement car as mine has now reached the point where it is virtually worthless and any kind of repair (even just a minor service) can cost nearly as much as its value, which is a shame because it is otherwise a very nice car to drive.

Repair vs. replacement

You might be thinking to yourself that you have replaced so many parts in your car that it would be naive to sell up and buy something else now, but actually, you might very well find that it is cheaper to simply buy a newer car!

As engines get older, internal components will start to wear and lead onto other expensive major engine repair bills. Parts start to become obsolete, and getting them turns into a very annoying treasure hunt.

Newer cars, on the other hand, will cost less to maintain, parts will be plentiful, and you can spend your evenings deciding whether to go down the pub with your mates or stay in and watch some TV, rather than whether you should change the head gasket or the big-end bearings on your car’s engine as tonight’s ‘job’!