Whether sitting in traffic on your way to work or heading out on a road trip, your car should always perform well when you need it. Depending on the severity of a problem, a mechanic might be able to provide auto repairs to restore your ride. In other instances, selling or trading in the car and investing in a new one might be best in the long run. The following guide offers some insight into this decision.

Fix When Repairs Cost Less Than Replacement 

Even if you buy used, replacing your current car could cost at least a few thousand dollars. That’s not counting all the associated fees. Depending on the services you need to fix underlying problems, investing in auto repairs might be the most cost-effective option.

If you’re having starter issues, for example, replacing old spark plugs could solve the problem. The repair generally costs $100 to $200, significantly less than getting a new ride. Installing new tires, replacing the radiator, switching out the timing belt, and replacing the water pump are also significant repairs under $1,000 that will improve the health of your car.

To help determine whether repairs will save you money or getting rid of the car is best, the Automatic Transmission Rebuilders Association has a “Fix-it or Trade-it” calculator where you can compare costs per mile.  

Sell When Repair Costs Are Higher Than Car Value 

If trips to the mechanic for auto repairs are part of your regular routine, seriously consider selling your car or trading it in at a dealership. With frequent fixes, repair costs add up quickly.

Look at the Kelley Blue Book to see the current value of your car. Next, get a repair estimate from your mechanic. If the cost to repair and replace parts is more than the value of your car—or if you expect further repairs not too far down the road—sell or trade it in.

For example, an engine rebuild could cost $2,500 to $4,000 on average. It doesn’t make a lot of sense to put this much money into a car valued at less than $3,000. You could put the money from a sale or credit from a dealership toward getting a newer vehicle that’s within your budget.   

If a few fixes will extend the life of your current investment, the certified technicians at Hayworth Auto Repair are qualified to help with affordable rates. For more than 45 years, the High Point, NC-based auto repair specialists have been the go-to source in Guilford, Davidson, Randolph, and Forsyth counties for oil changes, engine maintenance, brake service, battery replacement, and additional auto solutions. To schedule an appointment, call (336) 869-3056. Visit the shop online for a list of available services.