So, what to do with a car that is not worth fixing? This question comes to your mind and you think a lot when your car is not worth fixing. Read this article carefully and then I hope you do not have to face any problems when your car that is not worth fixing.
Five signs your car is not worth fixing
Owning a car comes with many dilemmas. The most traumatic is answering the question: When do I have to change cars? If yours is already a few years old and has just suffered a major breakdown, the question is inevitable: Will I fix it, or change the car? The experts at Auto Bild reveal five signs that your car is not worth fixing.
There are people who like to change cars every four or five years (if they can afford it), and others have been with it for 20 years, and they insist on saying that it is like new … Steve Jobs was famous (among other things ) for changing cars every six months.
When do you have to change cars? There is no hard and fast rule, which is why we are going to show you five signs that your car is not worth fixing.
1. You are over 15 years old
As much as you want to fool yourself, if your beloved car is already over 15 years old, it is not a kid. Parts wear out from simple use, and sooner rather than later, a major breakdown will come. If now you suffer from a problem that is going to cost you money, it is time to consider changing your car, because if you fix it now and then it breaks down permanently in a while, it is money that you will have thrown away.
2. Has gone around the world ten times
Similar to age, miles driven are an indication that it is time for you to earn retirement.
Even more than the years, the kilometers traveled are what give us the measure of vehicle wear. The more kilometers it has passed, the more wear and tear the car will have suffered, and sooner or later it will break somewhere.
3. Consume a lot
Cars have greatly improved fuel consumption in recent years. The older it is, the more it consumes in relation to new cars. There comes a time when you will be spending twice as much on gas. If you are old a lot and your car is more than 10 or 12 years old, the higher consumption is a sign that your car is not worth fixing.
4. Not very safe
As with spending on gasoline, modern cars are infinitely safer than those that were sold 8 or 10 years ago. Now they have all kinds of driving aids, sensors, fault indicators, etc. If your car is over the decade and you travel often with children, a modern car will significantly increase safety, both in the vehicle itself and in the use of new parts.
5. You suffer breakdowns often
Your car may suffer minor problems, but they happen more and more often, and each time you have to fork out a couple of bills. When the workshop manager greets you with a pat on the back, as if you were lifelong friends, it is time to consider buying a new car … The big breakdown will not be long in coming…
We’ve seen five signs that your car is not worth fixing.
You can also check this video to find out more:
Repair the car or buy a new one? The 10 keys
At autos.com we love the products we sell. Many of us establish special bonds with a vehicle, pamper it, restore it and improve it without thinking at all about the profitability or not of our decisions.
But we are also realistic. For the vast majority of consumers, owning a car is not a whim or a hobby, but a necessity. That doesn’t mean they can’t enjoy their car or pamper it like a member of the family, either. However, time passes, and the kilometers traveled take their toll, causing ailments of all kinds and wear and tear, even in the best-maintained vehicle.
A car comes to an end when its market value is still enough to sell it and recoup some of the investment, but its consumer benefits, comfort, and aesthetics are much lower than the new car that you are able to afford. Sooner or later, it is time to make a decision: repair the car or buy a new one? We’ve put together a ten-step guide to make your decision a little easier.
1. Price of repairs
Logically, when repairs or maintenance cost more than the fair value of the car, it is worth buying a new one. You will know that it is time to get rid of the car when you start adding euros in a continuous trickle of repairs (you don’t have to be an engine expert to know this either).
You must bear in mind here is that older cars tend to require larger and more expensive repairs, as we told you in the article about when you should sell your car that, from the fourth year, the tune-up shoots up due to older ailments derived from use and enjoyment.
The preventive maintenance of a vehicle for six years costs twice more than one in four. In the case of corrective maintenance, while the cost in one of four years is around 126 euros, that of one of six costs about 243 euros more, according to an Audatex report.
2. What needs will you have later?
The fact that you have just fixed the car and put it back does not mean that it is exempt from future repairs. What will come next? Don’t waste your money. The best thing is that a trusted mechanic takes a look at the car and detects problems that can occur in the short/medium term. Because you may have spent little money now, but if repair or maintenance estimates go up, you may be very close to having to buy a new car.
From the DGT they have not stopped repeating it lately, due to the aging of the Spanish fleet. Since 2006, there are more and more vehicles over 10 and 15 years old on Spanish roads. And there is no doubt that old cars, even the best cared for, have suffered wear and tear over time and do not have the safety measures of today’s cars.
There are countless security systems that should not be missing in your car. Today’s new cars are equipped with a large number of standard safety equipment, such as airbags, ABS, or electronic stability control. And many have optional active safety systems, such as the blind spot controller, lane departure warning systems, collision alert, drowsiness alert… They are surely not present in your new car.
4. Consumption and gases
There is no doubt that the manufacturers knew how to play with the fuel consumption tests and that the tests that homologate the fuel consumption were less and less representative of the current driving conditions. The official data was almost impossible to match in real driving, hence the new WLTP cycle was introduced. Quite possibly the figures you saw in the magazines of yesteryear were almost impossible to come by.
In addition, the engines have evolved a lot and, with efficient driving, consume much less than the old engines. These, in addition, have the handicap that, at the end of their useful life, it is easy for them to consume or contaminate more (they will control it in the ITV more and more). And those fuel and gas problems can require costly engine and transmission maintenance repairs to correct them.
5. Know how much your car is worth
Knowing what your car is worth is worth it. Before making the decision to go ahead and pay for repairs on your old car, you need to know how much it is worth. The best thing is that you take a look at the section of used cars on autos.com and see how much cars similar to yours are worth. Or carry out an appraisal.
Once you have that information, good general advice is the so-called “50% rule .” When repairs cost 50% of what your car is worth, it’s time to replace it.
If so, you should read our tips for selling your used car first. And then it’s time to take action, knowing how to prepare your car to sell it. Knowing when to sell your car is key. Every vehicle depreciates over time. As soon as a car is registered it is worth 18% less. From there it continues at a rate close to 10% per year during its first six years of life (the stage in which it is most often used). Then the loss in value is smoothed out and each year it costs around 5% less. After nine years the vehicle has lost 84% of its initial value and there are few differences from one year to the next.
6. Know how much your next car will cost you
Another key point is knowing how much your next car will cost. If you have an idea of the next car you want to buy, it is best to see on autos.com the best offers for new cars at an official dealer.
You should also know that these discounts vary over time. To monitor the market, you can view our price reports, which we update every month, so that you can optimize the time of purchase. Also take into account the amount that you will have to finance, in-car financing comparators. From here, keep these two rules in mind:
- If the repair cost is more than10% of the price of the new car that you are looking for, buy it.
- If the monthly financing payment is less than the annual expense expected in the repair of your current car, consider the purchase.
7. The insurance cost factor
It is not a determining factor when deciding to repair the car or buy a new one, but you must take it into account when making the decision. So do your homework and figure the difference in annual insurance costs. It is very easy and fast with an insurance comparator. You will see how the most powerful, sporty, and equipped cars involve a much higher annual outlay in the form of insurance. In addition, you may have to go from third-party insurance to fully comprehensive.
8. Attention to incentives
Attentive to financing at a very low rate or even at 0% (not very common today, everything is said, but sometimes they launch these offers), it can be convenient to forget about the repair and buy a new car. But if you’ve maintained it religiously and no major repair is necessary, it may be best not to be tempted by the offer and keep the car for a while.
And, if you are self-employed or have a company, you may rent a car. It is a rental contract with numerous economic advantages, although we recommend that you read the fine print of the renting contract well.
9. Changes in your life
There are various factors that indicate that the time for change has come. Has your family size increased or decreased? Do you make more or fewer trips to work or school? Do you now do recreational activities that require more space or capacity? The fact that a new vehicle better adapts to your new habits is key to deciding to change cars.
10. Tired of your old car?
We cannot deny the passionate and irrational component of man (not only with the car). Your decision to change may be because you are no longer comfortable with what you have.
That you have changed jobs and that, despite the fact that your old car can serve you, you want to indulge yourself in and brand new car. Or you have been thinking about changing cars for a long time … In these cases, if your financial situation allows it and you see a good offer, change cars. That we are all human.
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