Metric Wrench’s BMW, Mercedes and Audi Blog featuring all of the latest information from around the automotive industry, the latest industry news, view expert opinions, or just join discussions about your BMW, Mercedes or Audi with other enthusiasts from around the world.

Tuesday, April 2, 2013

Repairing Your Old Car vs. Buying a New or Newer One

As a car owner, there comes that inevitable time in which you will be faced with the dilemma: Repair your current car or buy a new one?
It is at this point in history, coming out of a recession, when we are starting to see more and more used cars on the road. And I have to say that these drivers may be on to something, but you decide…

At Metric Wrench Billings, we think that you should consider the value of your broken car that needs a $4000 repair(s), probably about $0. Add to that the cost of repair $4000 in this case and another $1000 for unexpected failures in the next year. So what would you rather have, your car fixed or the car that you could buy for $5000, or the car you could buy with the $5000, plus monthly payments. And suppose you spend $5000 and the car only goes for another year, that’s about $420 per month, a high price to pay for transportation in an older car. So if you're facing that type of repair do the math first.

But we wanted a few more opinions so we found them for you, all evidence points toward going with a used car, repairing and maintaining it as you go along. The Car Care Council (CCC) and Engine Repower Council (ERC) both highly recommend repairing over buying new. Having a well-maintained used car and a little extra money in your pocket is a great feeling, and a choice that has continued to grow in popularity.

If you have questions about repairing your vehicle, please call Metric Wrench Billings today and talk to a Certified Service Technician.

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