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When is it Time to Upgrade Your Vehicle?

man driving car, thinking about upgrading

When you pulled into the driveway last night, did your doors and fenders fall off like props in an old slapstick comedy? Is your dog only willing to stick his head out the window if you let him wear a mask? Do your children walk 5 miles through deep snow (uphill both ways!) to school and back, just to avoid you driving them to school?

If you said yes to any of these, you probably ought to stop thinking repair and start thinking replace! When you do, think White River Credit Union, your full-service financial partner.

How Old is your Car or Truck?

Yes, classic cars are the bomb! But a 20- or 30- or 40-year-old car or truck usually involves major money for the purchase, restoration, and maintenance. (Lots and lots of maintenance.)

We’d love all our cars have a 10-year life. But, as Indiana Jones said, “It’s not the years, honey, it’s the mileage.” A few years of hard use can age a car like they can age anything else. Some people get a new car every year or two because they need a new car every year or two.

How Much Does It Cost?

The best time to get new car financing – or to finance a “pre-owned,” – is when it makes financial sense. Look at all costs, including a payment (if you still have one), gas, repairs, insurance, tires, everything. Compare those costs to a newer car. The Internet, by the way, is a treasure trove of facts and opinions to help you.

When you’ve decided it makes sense, your next step is getting out and finding that new/newer car, right?

When You Need a Vehicle Loan

You should have a car loan arranged before you step onto a dealer’s lot or open a classified page. Get pre-approved and you’ll know exactly what you can spend. (Sellers really love that!). And remember, White River CU now offers 24×7 loan approvals. White River CU does thousands of vehicle loans every year, we have resources to make it easier:

  • We’re part of Credit Union Direct Lending – you can complete loan paperwork right at the dealership.
  • We partner with Auto Solutions, the folks that’ll go out and find that dream car for you – they’ll save you money and even deliver it to WRCU.
  • First-time buyer? Don’t be intimidated, we’ve been there, we know just what you need to start building your credit.
  • Need extra income? We offer loans for your Uber/Lyft vehicle purchase.

Tons of great options, right? If it’s time to say goodbye to your beloved clunker, the friendly team at White River CU is here to walk to you through every step of the way.