Did you decide to keep your car until it dies? There is a point when your car can still be repaired, but it is better to simply let it go. Maybe the repairs necessary are too expensive or maybe the repairs will simply be too much of a hassle. Either way, you need to know when it's time to cut your losses:
Looking At the Blue Book Value
A good rule of thumb is to replace your car if the repairs cost half of the Blue Book value of your car. If the repair costs are higher than the Blue Book Value, it might make more sense to simply have your car replaced. However, you should not base your repair costs on a single auto body shop and you should instead shop around.
Deciding On If You Should Repair It
Do you feel comfortable performing your own repairs. Repairing a used car is more economical if you can perform the repairs yourself. However, performing repairs can be time-consuming, you might need a second car anyway to drive while you are performing the repairs and you risk breaking your car even more if you do not repair it correctly.
Factoring In Your Transmission
If you are starting to experience serious transmission problems, you might want to consider getting a new car. While the transmission can sometimes be repaired, it can be challenging and a hassle to repair.
Considering How Soon the Parts are Wearing Out
Parts should start wearing out consistently around 250,000 miles. If your car parts are wearing out much sooner, there might be something more seriously wrong with your car. If the mechanics cannot figure out the underlying causes of the problems, you might want to get a new car.
Taking You Into Consideration
When you live in a cold environment, you will not want to be stuck with an unreliable car. Therefore, if your car breaks down often, you will be more willing to get a new one. Also, if you don't trust your car, you will not want to be driving around wondering if or when it will eventually break down. But, of course, if you do not like your car, the fact that it needs repairs could also be the last straw.
If the car is at leas 6 years old, you can expect to get repairs if you have driven the car quite a bit. If you car does not have any of the major warning signs that you should get a new car, take your used car to an auto body shop. Overall, fixing a car is almost always cheaper than buying a new one. To learn more, try contacting a company like Central Ave Auto Body.Share