Denver City, Texas
324 North Main
Denver City, TX 79323
(575) 393-1596

3 Signs You Need a New Car July 10, 2019

3 Signs You Need a New Car, Denver City, Texas

Even with meticulous care and upkeep, most cars will eventually outlive their usefulness, and it will be necessary to obtain an upgraded model. But since they are a big investment, often requiring a car loan, people can start to second-guess whether a newer vehicle is absolutely necessary. Below are a few signs that waiting no longer serves a purpose.

How to Tell It’s Time to Trade in Your Vehicle

1. Frequent Repairs

If you're taking your car into the shop for more frequent repairs, buying a newer model makes smart economic sense. The more money you invest in an older car that is failing, the less money you'll have to put toward a new vehicle purchase. In general, a car should have no more than two major repair issues each year.

2. Safety Concerns

car loanYou should feel confident that the essentials—brakes, lights, transmission, etc.—are going to work when you need them—especially if you travel on busy roads or have a long commute. This is not only for your own safety but that of your passengers and fellow drivers. Newer cars also come with additional safety features—such as collision alerts and back-up cameras—to lower your risk even further.

3. Reduced Fuel Efficiency

Older cars are not as fuel efficient as newer ones. Even models that were considered efficient at the time of manufacture will start to become less so as the years go on. Take note of how often you have to fill the tank and if there is an uptick in how much you're spending at each visit to the gas station. If there is, the money a newer car will help you save at the pump can offset the costs of your car loan.


In need of a car loan? Need to be Pre-Approved? Trust the professionals at Estacado Federal Credit Union. For more than 66 years, they have been serving the Lea County, NM, region, offering a range of financial services, including checking and savings accounts and personal loans. Estacado also serves Yoakum, Gaines and Cochran counties in Texas. Have questions about their latest specials? Call (575) 393-1596. Begin an application for a car loan online. Visit us at  to see our current rates and terms.

Other Announcements, Events and Deals from Estacado Federal Credit Union
4 Tips for Improving Your Credit Score, Denver City, Texas
Credit plays an essential role in everyday life, affecting one’s ability to buy a car, secure housing, access utilities, get a cellphone, and even obtain employment. It can also, in more
Should You Get Your Teen a Checking Account?, Denver City, Texas
Money management is instrumental in the life of every adult. Thus, parents need to help children learn how to build a solid economic foundation at an early age. One of the more
How Much Should I Have in Savings at My Age?, Denver City, Texas
Building up your savings account now at Estacado will prevent you from facing financial instability later in life. But how much is enough? While several factors influence this more
4 Reasons Why You Should Open an IRA Today, Denver City, Texas
Retirement seems so far off in the distance for many Americans that a large portion of the population either hasn’t started saving or has put off making significant contributions. more