Why Proper Vehicle Maintenance Is More Cost-Effective Than Buying A New Vehicle

Why Proper Vehicle Maintenance Is More Cost-Effective Than Buying A New Vehicle

Feb 21, 2018

Why Maintaining Your Current Vehicle Is More Cost-Effective Than Buying A New Vehicle

Purchasing a new vehicle is exciting. It’s shiny and new and has that enticing new car smell. Even if their current vehicle is running well and is still reliable, many drivers consider trading their car in once it is 4 or 5 years old. In fact, many dealers suggest trading these young cars in while they are still new enough that no major repairs or maintenance needs have been performed. Makes sense, right? Let’s take a closer look at why it is actually more cost-effective to stay on top of your scheduled maintenance and keep your car for 10 years of more.

The Money Doesn’t Add Up In Your Favor

Vehicles are a high price tag item, that begin to depreciate in value the moment you drive them off the lot. By trading in a vehicle, especially one you are still paying off, at the 3 to 5 year point—your trade-in value isn’t as powerful as you might imagine. In many cases your trade-in value simply pays off the remainder of your loan. New cars are also drastically more expensive, and with all the options in upgrades (particularly smart vehicle technology)—it’s easier than ever to walk away with a vehicle that costs far more than you had planned. Also, your insurance may increase at the time of your purchase. And this doesn’t even count the warranty or credit disability insurance you will be tempted to purchase.

Proper Maintenance Can Reduce The Need For Major Repairs

The first few years that you own your car you may only need to invest in are oil changes and tire rotations. So, when you hit the 3+ year mark and have to start investing in the higher ticket preventative and ongoing vehicle maintenance and repairs—a new car might sound like the cheaper alternative. While having your transmission flushed, brakes changed, and purchasing new tires all in the same few months may be more than you would like to spend, don’t lose sight of the fact that these are all preventative measures. Even at around $2,000 a year in maintenance, it is likely far less than committing to a new monthly car payment. For example, once your car is paid off you will have more money to apply elsewhere each and every month. Even if one-third of the money saved is invested in vehicle maintenance—you still have a few years of extra cash you can apply elsewhere in your budget.

 

It all begins with purchasing a quality car and keeping it maintained. Paragon Motors will work with you to create a custom service and repair schedule for your new or used vehicle.

Reviews

  • Mike Curliss Avatar
    Mike Curliss

    Very professional, polite and easy to deal with. Fixed the problem on time and on budget. Great job. -

  • Matthew Richardson Avatar
    Matthew Richardson

    Paragon Motors was a delight. Not only did they give us the best price, but they actually fixed what was wrong. We had taken our car to another place first and they misdiagnosed the problem. Rick took it around the block and knew exactly what to do to get it... read more -

  • Chris Roi Avatar
    Chris Roi

    Hands down one of the best autoshops in town. Quality service and they never try and upsell you something you don't need. You'll get informed on when to do your next repair and the urgency of it. My new auto shop hands down I'll be going back for anything else... read more -

  • Pauline Eggebrecht Avatar
    Pauline Eggebrecht

    I wanted to buy a car and needed a check up so I called Paragon and got an appointment for the next day. They did the check in an hour and after I got my insurance I could bring the car back to get new ball joints and they were... read more -

  • Phil Spoelstra Avatar
    Phil Spoelstra

    I've never been more motivated to write a review than this! My wife came off the Coquihalla from Vancouver with some car problems and couldn't find a place open on Saturday that could help her. She found Paragon Motors who showed her kindness, respect and understanding.... read more -

  • Jacqui Allison Avatar
    Jacqui Allison

    What an amazing team. Right from the tow guy Todd to all the shop staff, especially Rick and Drew. Polite, professional and honest. I am now driving my older car with peace of mind knowing how much work they did to keep me on the rd at a reasonable cost.... read more -

  • Erik Kelownaguy Avatar
    Erik Kelownaguy

    Last week I had a problem with the charging system in my Dodge Grand Caravan. I dropped by Paragon hoping they might have time to take a quick look at it. Although they were fully booked and I didn't have an appointment, Drew still managed to fit me... read more -

  • Anita Millar Avatar
    Anita Millar

    They are honest and have been looking after my vehicles for over 25 years! -

  • Phil S. Avatar
    Phil S.
    5 star rating

    I've never been more motivated to write a review than this!  My wife came off the Coquihalla from Vancouver with some car problems and couldn't find a place open on Saturday that could help her.    She found Paragon Motors who showed her kindness, respect and understanding.  They fixed the... read more -

  • wouter van der hall Avatar
    wouter van der hall

    Pleasant and skilled staff/owners. Always ready to help and adjust to your schedule when needed for more elaborate repairs. Nice massage chair in the waiting area too! Would certainly recommend. -

  • Laurie Paxton Avatar
    Laurie Paxton

    The best mechanical, customer and personal service. I recently had quite a hiccup and Drew, Rick and their team stick handled everything so professionally and with empathy for my situation. Thank you so much. True integrity. -

  • Carla Polischuk Avatar
    Carla Polischuk

    Rick and the boys at Paragon have taken care of my BMW for years and I won"t take her to anyone else!!
    Knowledge, experience, integrity, helpful, friendly .... that's what you can expect every time!
    -

  • Joe Bell Avatar
    Joe Bell

    best service in town by far -

  • Carol Boutilier Avatar
    Carol Boutilier

    Excellent service, complete confidence my vehicle is safe and well maintained. No overcharges, talk up in packages and value for your money, no gouging. I highly recommend this fabulous team they really care for people and their reputation is paramount to everyone at Paragon. Paragon's top rating... read more -

  • Jeff Carroll Avatar
    Jeff Carroll

    They are personable and knowledgeable. Timely repairs and will find whatever parts are needed and give you a choice( if available) for oem vs jobber. Highley recommend them -

  • Mountasar Al-Lawandi Avatar
    Mountasar Al-Lawandi

    Fabulous place and staff. I was coming to Kelowna from Vancouver and started hearing a whistle noise when accelerating. These guys did what is right even though I came in without an appointment. Test drive and small tweaks and guaranteed me that I will be able to head back home... read more -

  • Frank Rinella Avatar
    Frank Rinella

    Rick is a mechanical genius. They care about their reputation about customer service and doing a quality job. Just awesome.
    Nice comfortable waiting area with spot to plug in a laptop or phone. Massage chair...bonus! Decent coffee machine that pumps out coffee or chocolate and everything in between.
    Good group. Have...
    read more
    -

  • Michael Baccari Avatar
    Michael Baccari

    Awesome, highly recommend. Very nice and accommodating. I had to leave my car there for a few days due to traveling. After they were done with the repair they phoned and asked if I'd like my car to be inspected for any other issues that needed to be addressed. -

  • Kaley S. Avatar
    Kaley S.
    5 star rating

    Paragon Motors went above and beyond for me!It was my first time at the shop, and they got me in ASAP after calling! I'm from out of town and was scared to find a reliable mechanic at a good cost, as I am a student! They made sure everything in... read more -

  • Freddie Banfield Avatar
    Freddie Banfield

    Always good. No complaints. Drews the best hands down. -

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