Sooner or later, even the most reliable vehicles can start exhibiting some problems. As repair bills start to pile up, you may find yourself wondering: Is it really worth it to keep spending money on this car? Or am I better off selling it, then buying something new?
There’s not necessarily a simple or straightforward answer here, but there are some general guidelines you can follow. For starters, it may be helpful to review the pros and cons of either decision.
Deciding to Make Repairs
For example, if you decide to keep pumping money into old faithful, there are both some advantages and some disadvantages that you should anticipate:
● Fixing your vehicle is usually a lot faster than shopping around for something new.
● You won’t experience any changes in your monthly insurance costs.
● You know your car’s history; there won’t be any big surprises.
● You won’t have to deal with the hassle of selling your car.
● With all of that said… you never know when your vehicle will still need further repairs, and in some cases that happens sooner than you’d hope.
Deciding to Sell Your Car
Likewise, there are some pros and cons to selling your car and buying something new.
● If you buy new, you may get a good warranty as well as some extended maintenance features. Even pre-owned vehicles sometimes come with warranty provisions.
● Getting a newer car may mean more advanced safety features, cabin comforts, etc.
● A younger car is generally going to be more reliable.
● You won’t have to spend as much time taking your car back and forth to the service center.
● Buying a new car will mean either a steep one-time investment, or an extended commitment if you choose to finance.
The bottom line? This isn’t always an easy decision to make, but experts advise that you should part ways with your car if the repair expenses start to exceed the vehicle’s total value, or if they exceed a year’s worth of monthly payments for a replacement car.
Ready to See Used Cars for Sale?If you’ve decided to replace your vehicle and are looking for a wide inventory of used cars for sale, our Coatesville car dealership can help. Contact us or give us a call at (610) 857-5283 and one of our friendly sales professionals will be happy to assist you.
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