How To Decide Whether To Repair Or Replace Your Car
You suspect that your vehicle is on its last legs. You continue to rack up huge repair bills. You don’t think the car is running right, but you aren’t sure if you should put more money into it or just say goodbye for good. What do you do? This is never an easy decision, but if you think through the problem logically, you will make the best choice for your financial situation.
When Is It Time To Buy A New Car?
There are several reasons why it may be best for you to purchase a new vehicle. Do you travel a lot and need reliable transportation? Is it difficult for your old car to meet your current needs? Have you started a family and want a vehicle that has all the latest safety features? Each of these is a solid reason for starting the buying process, but make sure you take a few days to really think about it. Don’t let your emotions get in the way of making a good financial decision.
When Should You Keep Your Old Car?
One of the main reasons for keeping on old car is that you simply aren’t ready to let it go yet. Maybe the vehicle means a lot to you for some reason. Maybe you just like the way it drives or it has a certain feature that you don’t think you will be able to find again. Regardless of the reason, you will know if the time isn’t right to let that old car go.
Your budget may be the determining factor instead. In general, it costs much less to fix an old car than to purchase a brand new one. In addition, your old car is probably paid off, while a new vehicle would mean a new monthly payment.
Fixing your car can buy you some time and allow you to slowly and carefully evaluate your options. You can put some money away so that when the time comes, you are able to bring down your payments on the vehicle.
What If You Can’t Decide?
There are a few pieces of information to evaluate if you really can’t decide what to do. First, look at how many times the car has been repaired in the past twelve months. Add up the bills you incurred. Does it make sense to keep going forward the way you are going? In addition, if you are facing a repair that is more than 50 percent of the value of the car, it is time to let it go and start shopping around. Finally, if you can’t trust your car to get you where you need to be, keeping it really isn’t going to help you going forward.
Should you decide that your old car is worth another shot, get in touch with Ethan’s Honest Automotive. Their professional technicians will give you the best price possible without sacrificing quality work. You never know how much life you may have left in your vehicle; give it the best chance possible!