Should You Upgrade Your Car’s Technology Or Just Buy A New Car?

It’s no secret that car manufacturers around the world are always busy coming up with all sorts of cool technology that makes our lives easier on the road. Millions, in fact, billions of dollars are spent by carmakers worldwide on an annual basis for the purposes of developing a range of safety, comfort and infotainment systems that make driving more pleasurable and less stressful.

For example, it is now possible to buy cars from a number of car manufacturers that have parking assistance features; simply put, if you hate parallel parking, you have only to press a button on your dashboard after finding your desired parking space, and the car does the steering for you, leaving you to control the pedals and gears!

A person driving a car

Image via Flickr

But if your car is a few years old and hasn’t got anything technologically innovative other than a 6-disc multi-changer in the boot, is it worth spending the money to upgrade your car’s technology so that it is similar to the new cars on the road today, or should you just save your cash and trade your car in for a new one?

To be honest, whilst at first glance it might seem cheaper or easier to upgrade what you’ve got, in reality it’s just a waste of your time and money. Here’s why:

Gadgets are expensive

By the time you add up the cost of purchasing new technology for your car, such as a DAB-enabled Bluetooth car stereo, a widescreen satellite navigation device, a handsfree kit for your smartphone and even retrofitting dual-zone climate control for your air conditioning system, you may as well have just spent the money down at Southend Mercedes and bought yourself a fab new E-Class!

Your time is valuable

A lot of people that buy aftermarket upgrades for their cars have to spend the time learning how to install them, and then spend the time doing the actual installation work, which can often be significantly longer than what a professional would spend on the job.

Your time is going to be more valuable than the value of the items you are fitting, especially if you are self-employed and spend a lot of your time working. In such circumstances, not working means not earning, so it’s far better to simply trade in your car and get one with the technology you need already in it!

It does little for increasing your car’s value

If you spend thousands on all sorts of hi-tech gadgets for your car, I’m afraid that these aftermarket additions won’t add anything significant to the value of your car. In fact, sometimes it can actually devalue your car, especially if you have had to perform irreversible modifications to the car’s electrical system or dashboard, for example.

You know you really want a new car

It’s generally accepted that people tend to keep their cars on the road for no longer than 10 years before they trade them in or recycle them. Why prolong the process when you could simply just get the new car of your dreams with the latest technology in it today?

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