Repair or replace? THAT is the question.
You’ve got a 12 year-old car that’s been with you through the best of times. It’s safe to say, a big piece of your heart is in that car. However, with age comes wear and tear and you’ve been putting money into it to keep that car running over the years. At what point do you wave the white flag?
There are three key variables worth considering before you decide to “fix it or flip it.”
Repair Costs
Determining the expected costs of repairs can be a big deciding factor on whether you fix your car or let it go. If those repair costs are hefty, it’s probably in your best interest to put those funds towards a new set of wheels.
Taking your vehicle to a local mechanic and getting a professional diagnostic run is your best bet to get a handle on the potential costs, but when it comes down to which types of repairs will make the biggest splash in your bank account, several reign supreme:
- Engine Replacement: $3,000 to $10,000
- Transmission replacement: $3,500 to $5,000
- Suspension replacement: $2,500 to $3,500
- Catalytic converter replacement: $1,000 to $1,500
Car Worth
Knowing the value of your vehicle can also help determine whether or not you should fix it or forget about it. Sinking thousands of dollars into a vehicle for repairs that isn’t even worth a fraction of the repair costs sounds like a poor business investment. Again, you’d be better off investing those funds in your replacement car.
New Car Costs
It’s important to take into consideration the costs of a replacement vehicle. These include insurance and maintenance costs as well as potential repair costs if the vehicle you’re purchasing is a used one.
If you’re not in a position to shoulder those costs, then repairing the car you already own — expensive as it may be — may just be your best bet.
JunkCarMasters: When You’d Rather “Flip It” Than “Fix It!”
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If you’re looking to make room for your new vehicle or just don’t feel like paying the repair costs on your current one, reach out to JunkCarMasters.com. We specialize in less-than-perfect vehicles and purchase them at fair-market value!
We pride ourselves on making your process simple, fast, and easy. Provide us with a few details and a couple pictures and we can get you an accurate quote.
We also don’t require you to schedule an appointment or drag your vehicle to our location. You can complete our entire process from the comfort of your couch and get a quote within 90 seconds!
We even remove the hassle of you having to bring the car to us or order a tow. We schedule a free-towing within 24 to 48 hours. When the driver arrives, you will receive your check.
JunkCarMasters’ pride and joy is making the car-selling process simple and hassle-free. If you’ve got a car waiting to get out of your driveway, visit our website and get the best price from JunkCarMasters.com.
When Is It Not Worth Repairing A Vehicle?
When repair costs begin to exceed a vehicle’s value, it is no longer worth keeping the vehicle. That means older cars and cars with expensive repair jobs may not be worth repairing.
It’s always a good idea to get an estimate from a mechanic and consider how much you have spent on the vehicle up to now to make your decision.
When Should You Replace Your Car?
It’s a Quick and Easy Process
Vehicle Details
Provide us with your vehicle’s details and a picture if asked.
Offer
Request your guaranteed offer from us online.
Accept
Accept the offer if you’re happy with it.
Get Paid
In 24-48 hrs, you will get paid and have your car towed for free!