Deciding whether to repair or replace your car involves multiple considerations, each unique to your situation.
Start with obtaining a thorough repair estimate to gauge the financial impact. This estimate should include both immediate and future repair costs to maintain the vehicle effectively. If the repair expenses are close to or surpass the car’s current value, or if the car is likely to require more frequent and expensive fixes, it might be more sensible to scrap the car.
It’s important to recognize that all vehicles eventually require some repairs. If your car has generally been dependable and the issues are simply due to normal wear and tear, fixing it could be the more cost-effective option, particularly if the vehicle still suits your needs.
When making this decision, consider your financial situation, the condition of your current car, and whether getting a new one is a viable option. For a more detailed analysis, refer to the accompanying resource.
Infographic created by Indiana Public Auto Auction, your gateway to buy cars at auction online
