Broken Vehicle? Sell It, Don’t Fix It!

Your old car has given you years of reliable driving, but those days are coming to an end. Maybe it’s already due for costly repairs. Or, you fear a trip to the mechanic is in your near future. Thus, you’re wondering whether you should keep fixing your old junker or cut your losses and sell your car for cash.

It’s impossible to tell the future and know exactly what’s in store for your old car. Instead, you can look at the basic facts of the situation and make an educated decision on whether it is best to keep fixing it or junk it for some quick cash.

How to Fix a Car and How Much It Costs

Minor car repairs can be quick and easy. Simple jobs like replacing air filters or spark plugs can take just a few minutes. If you know how to fix automobiles, you can save a fortune by rolling up your sleeves and doing it yourself.

But when it comes to the big stuff, like the engine or transmission, there’s no way around a costly visit to the shop. No matter how well you’ve taken care of your car, these major components will eventually fail. Being crucial parts, they could cost anywhere from a few hundred to a few thousand to fix.

When Car Repairs Cost More than the Car is Worth

If your car reaches the point where repairs are costing more than the car is even worth, it might be time to sell. However, that’s not always the case. The right answer will depend on your situation.

To find out exactly what your junk car is worth, just use our online pricing tool to get an instant, guaranteed quote from our network of approved junk car buyers. That way you won’t have to “guesstimate” its fair market value.

Once again, you never know what the future holds, so you could always be in for more costly repairs in the future. Still, it is important to do the math and consider all your options.

Should I Sell my Car Instead?

To determine whether it’s time to sell your car or fix your car, you should tally up all the costs of repairs and maintenance you’ve paid over the last year. Then, divide that number by 12 to find out what you’ve been paying in “car payments” for your old junk car.

If this amount is higher than you would like, it might be time to search for a new car. You can shop around and see how much you’d be paying for something newer. If you’re spending more month-to-month just to keep your old car running, then it probably makes good financial sense to upgrade.

You should also ask yourself whether or not you’d rather be driving a new car. If you’re looking forward to an upgrade and have the cash for it, then why not? It’s important to consider which decision will make you the happiest.

Should I Fix my Car or Junk It?

Unfortunately, there’s no clear-cut answer as to whether you should fix your old vehicle or just junk it. However, you should consider the different factors before coming to a final decision.

It’s all about the choice that gives you the most peace of mind and makes the most financial sense for your future. If you do decide that the answer to “should I sell my car?” is yes, don’t hesitate to contact us.

We’ll lock in a great price with FREE towing and on-the-spot payment in just 24 to 48 hours. With us you’ll be able to get back out on the road in your new car as soon as possible!