In general, it is more cost effective to properly maintain your existing vehicle than purchasing a new one. A new vehicle experiences immediate depreciation the second it leaves the dealer lot. Generally, a new car will cost more to insure, and will require roughly the same expenditure on all wear items such as brakes, tires and fluids (which are not covered under warranty), that your existing vehicle requires. For a real-life cost comparison, we have 2 videos, “BMW cost comparison” and “Porsche cost comparison” that breaks this down further: View it here: https://www.youtube.com/channel/UCuGVPB7p62R9a2ytNBcyNdA