Do you have a car with major mechanical issue or panel damage? It might be time to scrap it and get a new one instead. Find out when it’s worth repairing your car and when it’s time to replace it. Learn why selling your old vehicle to Atlas Auto is the right choice!
- Best Cash Offer
- FREE towing & pick-ups!
- Most cars purchased in 24-48 hours
- No obligation. Hassle-free!
Is It Better To Repair Or Replace A Car With Problems?
Wondering whether it’s better to keep and repair or sell and replace a vehicle? The right answer depends on your goals and financial situation. Before you make your choice, you should ask yourself the following questions:
How old is my current car?
How much am I willing to spend to repair it?
How long am I willing to wait for repairs?
Am I happy with the features in my car?
How much would it cost to buy a replacement?
For instance, if you love your car and you’re willing to spend the money to repair it but it will take weeds to complete the job, you might need to think critically.
How long can you go without a car? Will you have to pay for the cost of getting a rental while it’s in the shop? If you do, combine that with the cost of repairs and then evaluate if you’re still willing to spend the money required. That can help you decide when to fix a car or replace it.
How much is my junk car worth?
Deciding Whether To Buy A New Car Or Repair The Old One
When deciding whether to fix or replace your car, you should generally follow the following principle: if the cost of repairs equals 50 percent or more of the car’s value, it may not be worthwhile to fix.
Instead, you should get rid of it and purchase a new vehicle. Rather than spending your money on repairs for a vehicle that you will likely have more problems with, you can put your funds towards purchasing a newer vehicle.
A good rule of thumb for deciding how much to spend on a new vehicle is to combine the value of your car as-is with how much it would have cost to repair the vehicle. For instance, if your car is worth $8,000 and it would have cost $5,000 to perform repairs, start by exploring what cars you can purchase for around $13,000.
This is not a hard rule, however. You should set your budget based on your personal finances and expectations.
Vehicle Pick-up is FREE Nationwide. No Hassle. No Fees.
Where You Can Sell A Car With Problems
You’ve debated whether it’s better to fix or replace your car and decided you want a new set of wheels. Now it’s time to figure out how much you can get for your current car and what the best place to sell it is.
If you have a car that needs repairs, you can sell it privately, trade it in at a dealership, take it to a scrapyard or go online. The best option for you depends on your financial goals and timeline.
The slowest method may be to sell it privately. Depending on what car you have, this may get you the best price possible. Nevertheless, it will take time to schedule viewings and find an official buyer.
If you want to purchase a new car as fast as possible, you could trade your damaged car in to a dealership. Keep in mind that you will generally receive a low trade-in value for a car with problems compared to a well-running vehicle.
If you want to get a fair price for your car, you can contact local scrap yards. However, you should always get multiple quotes before picking a yard. Some yards offer flat fee prices based on the weight of the vehicle, which means you may get less than your car is worth.
The easiest way to sell your car fast and for a fair market price is to go online. Cash for Cars or Car Wreckers companies often provide you with quotes in just a few minutes, letting you find out what your car is worth quickly. They also typically include free towing.
However, not all Cash for Cars & Car Wreckers are equal. Learn why Atlas Auto is the best choice.
Why Sell Your Vehicle to Atlas Auto
Atlas Auto has over a decade of experience buying any vehicles in any condition. We know how to determine a fair market offer for your car, no matter what’s wrong with it. Our car buyers experts provide best cash offer.
Additionally, all offers include FREE towing. There are never any hidden fees or charges to use our service — we pay you cash, not the other way around. If you like our offer, we can help you schedule your free pickup, so you can get paid fast. Atlas Auto is the safe and easy way to get rid of your damaged car.
If you like our offer, we can help you schedule a pickup at a time that works for you. The tow truck driver will arrive with a cash in hand. All you have to do is sign the paper and hand the driver the car keys. You’ll be paid cash on the spot. It’s that simple!
Atlas Auto makes it easy to get paid for your vehicle with problems. Learn what your car is worth today.