When to Fix or Replace Your Vehicle
Cars deteriorate over time. Even well-maintained cars will succumb to repairs eventually. However, repairs may cost a lot of money and put a dent in your wallet that will cost you more than the car is worth. In fact, it may cost less to just replace the car altogether. Keep reading to learn more about when to fix or replace your vehicle.
A general rule of thumb states that you should repair if the repair costs 49% or less of what the car is worth. Of course, it gets a little more complicated when you factor in age and potential upcoming repairs.
Signs to Fix Your Vehicle
Generally speaking, you should fix your vehicle instead of replacing it if it has minor or superficial damage that won't affect how it drives. You will also want to factor age into your decision, as you are more likely to benefit from repairing a newer car than an older car.
Some examples of minor and superficial damage include:
- Broken windows and mirrors
- Flat tires
- Damaged upholstery
- Broken radio
- Malfunctioning inexpensive components
In these cases, the repair won't likely cost more than 50% of the value of the vehicle. Some problems don't necessarily require immediate attention, either.
Signs You Should Replace Your Vehicle
Some major repair work may end up costing you hundreds, if not thousands, of dollars. In this case, you should consider if it is worth fixing the vehicle or just selling it and buying a new one. Some of the more expensive repairs include:
- Engine rehaul or replacement
- Transmission repair
- Extensive bodywork
You can avoid premature major auto work by driving carefully and getting regular maintenance. Despite your best efforts, however, any car can suffer from major issues. Reach out to us for professional help if the check engine light comes on, or you notice signs of issues, such as strange noises and smells coming from your car.
Used Cars in Grand Prairie, Alberta
When you've come to the decision that you should replace your car in Grande Prairie, Alberta, visit Spirit Auto. We have a large collection of certified pre-owned vehicles for you to choose from. You can trust all vehicles from our lot. We also have one of the largest selections available in the area, so you're sure to find something you'll love. Browse our used inventory to find your next favourite vehicle.
Ask our sales associate about financing options. With a reasonable interest rate on an auto loan, you could make better use of the money you plan to spend on repairs by using it for a down payment on your new vehicle. We will even give you money for the trade!