Find out if your old car is really worth repairing.
While your car has been with you throughout the ups and down in your life, there comes a point when your old car might be more trouble than it’s worth. Having trouble deciding if you should seek repairs or just replace your old car? Here are some tips to help you make your decision.
Do the Math
Buying a new car is going to be more expensive than repairing your old one, however there are some cases in which this investment makes more financial sense. The first thing you should do is find out is what your car is really worth. Then, you should figure out how much it would cost you to purchase a new car. Finally, figure out how much it will cost to get the repairs your old car needs. If the repairs are minor, like replacing a spark plug, then it’s probably not in your best financial interest to buy a totally new car. However, if the necessary repairs are more extensive, you need to consider if these repairs are really worth it. Speak to your mechanic and figure out how likely it will be that your car will require more repairs in the future. If there is a high probability of your car breaking down again, it’s probably smarter to cut your losses and invest in a new vehicle.
Consider Reliability and Safety
If your old car is struggling to complete standard tasks, it might be time to start thinking about getting a new car. For instance, if you have to jump your car every morning to get it started or if it perpetually overheats, your car is more of a liability than anything else. Not only are continual issues inconvenient, but this unreliability also might put you in danger. If your car is unreliable and unsafe, you should definitely look into getting a new vehicle.
These are some of the factors you should consider when deciding whether to repair or replace your old car. Regardless of what you decide, it’s important that you have the right auto insurance to keep you safe. For assistance with your insurance, contact the professionals at Fullhart Insurance Agency. Serving all of Waldport, Reedsport, Sisters, Tigard, and the surrounding areas in Oregon, we serve all your personal and commercial insurance needs.