Owning a car can be expensive, especially when it comes to unexpected repairs. Sometimes, you’re faced with a high repair bill, which leaves you with the question: should I sell or fix my car? It’s a big decision, but Carnamic is here to help you decide between keeping your car and paying for it or selling and letting someone else fix it.
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Before jumping to a decision on whether to sell or fix your vehicle that needs major repairs, there are a few more questions to ask yourself. First, start with the state of your current vehicle. How old is it? How many miles? Are there any other repairs you’ve been putting off? If you have a high-mileage vehicle that’s starting to show its age, it might be better to get rid of the burden. The repair bill could be more than the car is worth, and it will only need more repairs as time passes.
On the other hand, a newer vehicle that’s low on miles could be worth paying the cost of the repair. You’ll still have years of driving left, giving you the benefit of a one-time cost instead of a new monthly payment on a new vehicle. Budget is one of the most important factors to consider when deciding to sell or repair. Sure, the repair cost could be lower initially, but will it be worth it in the long run?
Even before you make your decision, you should consider pre-qualifying for a car loan so you can understand your options if you need to sell and buy a new one.
Other questions to ask yourself include:
Is my car otherwise reliable or does it frequently break down?
Is the repair a one-time fix or does it indicate a bigger issue?
How does a car loan or lease payment fit into my budget?
Does the repair extend the life of my car?
Will it be safe to drive after the repair?
Sell or Fix It at Carnamic
Your decision on whether to fix or sell a broken-down car is entirely up to you, so carefully consider all the points above to choose what’s best for you. If you decide to sell and start searching for your next vehicle, you can find the right car, truck, or SUV for you at your nearest Bay Area Carnamic! We can help you through the entire process, from trading in your ride to helping you test drive the next one. Check out our available models online or stop in at your nearest Carnamic to get started.
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