Car News Articles 
 Alternative Fuel Vehicles
 Automotive Articles
 Car Buying Tips (167)
  Car Financing (28)
  Car Warranty (6)
 Car Insurance Articles
 Car Maintenance
 Car News
 Car Racing
 Car Repair
 Car Safety
 
 Driving Economically
 Environmental Issues
 Exterior Car Care
 Garage Know How
 
 How Car Stuff Works
 Motorcycle Articles
 Road Trips
 Traveling with Kids
 Younger - Older Drivers
 
 Amsoil Synthetic Oil
 Article Archives





Car Buying Tips

May 8, 2007 - 10:57:00 PM
Email - Print - Discuss

New Car Smell Wears Off, But Payments Linger

(NewsUSA) - Everybody wants a new car. You see a nice car pass you on the highway and think, "Why can't I have that?" However, financial planners say keeping your current car may help secure financial freedom in the long run.

"We advise our clients that if they want a 10 percent increase on their investments every year they need to cut down on their expenses," said Terry Mulcahy, vice president of investments for R.W. Baird in Mequon, Wis. "A new automobile is for most people their second biggest investment next to a home, so a great way to save money and increase financial assets is to hang onto their current vehicle rather than buy a new one every few years."

Repowering the engine in your existing car is one cost-effective option.

"When a car or truck suffers major engine damage, often the first reaction of most consumers is to buy a new or used vehicle, but the cost to repower an engine is a drop in the bucket compared to monthly payments on a new car," said Tom Schrader, chairman of the Engine Repower Council. "The bottom line is that a repowered engine makes a vehicle more dependable, more fuel efficient, less polluting and more valuable."

With repowering, your engine or an identical one from another like-vehicle is completely remanufactured/rebuilt. Also, unlike installing a used or junk yard engine, critically important internal parts get replaced with new ones that meet or exceed original equipment performance standards.

Frequently, remanufactured/rebuilt engines are better than the new engines installed at the factory because the original factory engine problems have been redesigned or repaired with better quality parts. They are dependable, reliable and backed by excellent warranty programs that also usually cover installation expenses.

The Engine Repower Council is a nonprofit organization that educates consumers about the economic and environmental benefits of remanufactured/rebuilt engines. The Engine Repower Council supports the "Be Car Care Aware" consumer education campaign.

For more information, including where to find qualified rebuilt engines and installation providers, visit www.enginerepower.org.


Automotive : Link Sponsors
 


Related Articles:
Cash For Clunkers Not?
Buying A Used Car Instead Of A New One
New Car Shopping?
Buying A Used Car Instead Of A New One?
Cutting The Cost Of Buying A Car
Stretching Your Money: Tips On Buying Certified Cars
What You Need to Know Before Buying a Car
Protect Yourself From Digital Odometer Fraud
Drivers Use Financing To Their Advantage
Chrysler Celebrates 25 Years Of Minivan Leadership
Money-Saving Advice For Finding New Vehicles
Car Financing Tips To Know When You're Buying A Car
New Car Prices, Then And Now
The Return Of The SUV
Debunking the Myths of What Makes a Good Used Car



Stay Updated!

Follow us on Twitter
Car Buying Tips
Related Articles
Before Applying For Auto or
Auto Warranties: Buyers Beware
Do You Know Who You're
Car Buying: Six Slippery Sales
Avoiding Flood-Damaged Used Cars


Feed Button



Car Insurance Info | Newsletter | Car Classifieds | Online Car Rentals
Auto Pictures | Link To Carjunky.com


Syndicate our Auto News on your Site for Free!!

Complete List of Article RSS News Feeds


Copyright © . CarJunky® All Rights Reserved.