Tuesday, January 25, 2011

Should I repair my vehicle or trade it in?

   Many times this question is more personal in nature than mechanical.  All things mechanical can be repaired, and are most often less expensive than replacing a vehicle.   The decision not to repair on a practical (not personal) level should be made upon an overall vehicle condition evaluation and not necessarily the current repair need.  Combine the overall condition report and financial estimates with the length of time you would like to keep the vehicle.  Then, this can be combined with other likely repair possibilities during your length of ownership.  Finally, you will be better able to assess likely costs of ownership of the current vehicle versus the costs of purchasing a new vehicle.