Q
Should I repair my car or buy another one?
AHere are some facts and questions you need to answer to find out.

Facts:

  1. The average car lasts about 11.5 years on the road
  2. Today’s vehicles can last 200,000 miles or more.
  3. The average price of the new car is $36,270.
  4. The average loan lasts 5.5 years.
  5. The average car note payment is $479 a month.

Questions:

  1. Has it been a good, reliable car?
  2. Have I invested a lot of money in ti lately?
  3. Is it in good condition?
  4. What other repairs need to be made?
  5. How much longer can I use the vehicle is I make the repairs?
S
Suggestions to make an educated decision
A
  1. Have your vehicle evaluated by a certified professional. Even if you don’t fix your vehicle It can be the best money spent not getting into debt with a problem car. Plus, you have the information to sell your car honestly.
  2. Use this formula to help make a decision. Cost of the total repair (example $2000) divided by the average monthly car note ($479/month) = how long it will take to get your money back on the repair (4.17 months).
  3. Is it a high-end car? More expensive cars are worth putting more into to keep them going.
  4. Are you paying for neglecting your car?
  5. Can you afford a new car note?

This is a hard decision – Ask your certified tech for their opinion.

We hope this has been of some help!

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