Should you purchase something new or spend the money to fix up your current vehicle"
The experts from PSECU, a Pennsylvania-based credit union, examine this age-old question.
These tips and strategies will help you make the best financial decision for you and your family.  

Purchasing a vehicle is one of the biggest financial decisions a person can make. Next to real-estate, an automobile is the second-largest expense for many. Cars don’t tend to last as long as homes, and depending on the type and condition, the maintenance costs might make keeping it a poor financial decision. At times, this can bring us to an important question: should I fix my car or buy a new one"
Getting out of a vehicle that’s expensive to maintain, even if it means spending more on something in better condition, might be the best decision if the repair bills are racking up. However, that’s not always an easy conclusion to come to, as there are many factors to consider. Here are a few things to look at before swallowing a big down payment in hopes of cutting long-term losses.
Conduct Research
Sometimes a car goes through a careful selection process, or maybe it?s a cheap hand-me-down that fell into someone’s lap. Most people can tell you the make and model of their car; in that sense, they are familiar with it. However, if a person is not familiar with their car’s history and reputation for reliability, they can do some research to determine what kind of ...