If you have a used vehicle with some mileage on it, you probably think about this question a lot … Is fixing your vehicle in your best interest or should you trade it in? Owning a vehicle is an investment and a responsibility, and these types of decisions come along with it. Luckily, we are here to help! The answer, of course, does depend on a number of scenarios. Here, we will outline some and also share how we can help maintain your vehicle so you get the most out of it.
My Car Broke Down – Should I Fix It or Trade It In?
This scenario happens a lot and brings up the question of whether or not you should move forward with necessary car repairs or trade your vehicle in. When you get the auto repair bill, sometimes you wonder if it’s really worth it to keep putting money into your vehicle, right?
Pouring money into your used vehicle (especially a lot of money) and dealing with inconvenient breakdowns taking up your time and energy is too much. But is it worth buying a new car? The answer still depends.
The Truth About Vehicle Wear and Tear
Many people take pretty good care of their vehicles, but sometimes, expensive repairs are unavoidable. Excessive wear and tear happens – but our auto repair shop aims at preventing what we can through following a regular service interval schedule and proper preventative maintenance. If your vehicle has around 100,000 miles on it, it will need some automotive services to extend its life. We can help get your vehicle in better shape and keep you safer on the road!
Weighing the Pros and Cons of Fixing Your Vehicle vs. Trading It In
When thinking about whether fixing your vehicle is the right decision or if you should trade it in for a different one, consider these factors …
- Most of the time, it is less expensive to repair a vehicle than buy a new one.
- You should consider a one-time payment for an auto repair, even a large one, compared to monthly car payments for years.
- Used cars are enticing due to their cheaper cost, but they could have their own set of issues.
- Registration fees and insurance costs should be considered on a new vehicle.
- A new car typically loses an estimated 22 percent of its value in the first year. Your car has already taken that depreciation hit.
- Fixing your vehicle now will help you stay on the road and keep you from making a hasty new car purchase. It will also give you more time to save up and get your finances in order.
- Maybe you don’t want to worry about future breakdowns. If that is a possibility, and you’re pouring money into auto repairs frequently, it could be time to trade your vehicle in. We can help you make that tough call.
- Maybe you want something new, more technologically-advanced. Then, you’re looking at trading in, too. Features such as automatic emergency braking, backup cameras, and blind-spot monitoring are increasingly becoming standard fare on new vehicles.
The Verdict on Fixing Your Vehicle and the Value of Preventative Maintenance
It really is all about what you do before your vehicle gets into poor condition. Get your vehicle maintained regularly to avoid major problems and breakdowns. Simply paying close attention to the smells, feel and sounds of your older vehicle could help extend its life. It could also help you save money for a while if you’re able to have smaller problems fixed before they become bigger, more expensive ones.
We offer a full array of routine vehicle services and can recommend particular services at certain mileage intervals. If you’re already experiencing issues with your vehicle, schedule an appointment so we can service it and have you feeling better about your decision. Vehicle owners who follow a preventative car maintenance schedule save themselves time, money and frustration in both the short term and long term!