Should you ever buy a new car?

Keep that old car a little longer
Keep that old car a little longer © artemisphoto/

With auto dealers practically giving away vehicles and car and truck buyers getting approved for historically low- and even no-interest car loans, a shiny new set of wheels might look awfully tempting these days.

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But just like that 60-inch flat-screen TV that goes on sale on Black Friday, it's a purchase that isn't for everyone.

Should you ever buy a new car? There are times when buying a new car becomes a necessity, but there are also money-saving motives for hanging on to an older car a little longer. Here are five reasons why you might want to rethink making that drive to the car dealership.


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Tara Baukus Mello

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