Once in a lifetime, a car owner faces the dilemma of choosing between buying the new car or repairing the same! Many owners get disappointed and exhausted from paying repair bills for their aging machines.
If your car has broken down and you have a quotation of a high amount of repair bill, then buying a car makes sense.
While purchasing a new car is undoubtedly a good option, as it will save your repair bills and eliminate the hassle of visiting the car repair service center too often, but buying a car is a costly affair.
So, it is imperative to take some time to research and determine which is the smartest choice? Is it better to fix your current vehicle, or should you buy another one?
Though there is no precise answer to this question, we will discuss the pros and cons of both to help you make a good decision.
Repair jobs are evident
The car owners fond of maintaining their car too well can also get high-priced repairs. After all, the car is a machine and its degradation, breaking down at times, and wear and tear with time, is evident.
It is typical for the rubber belts and hoses to wear out and get cracks. The metal on the rotor may become damaged, or electrical parts can stop functioning.
The car may also need the replacement of parts like axle boots, brake system, belts, etc. Some cars need to replace a few parts like water pumps, drive belts, etc., every 100,000 miles.
Benefits of Car Repairing
Here is why it is a good idea to do the car repair.
1. Cost
Getting the repair done from a reputed mechanic shop like Car Mechanic Adelaide is always a better option from a cost perspective. A new car will need you to spend a lot of money while getting the car repaired will be less expensive.
However, in some cases, when the damage in the car is severe such as damaged motor, bad transmission, etc., you will need to spend a colossal amount. But the cost of these repairs still still doesn’t match the cost of the new car, though the money spent on repair will make a nice down payment.
You can purchase a used car for that amount, but it is essential to remember that another used car will need frequent repairs.
2. Additional cost
With a new car comes new costs. You will have to get the insurance done for the new car with a new premium. A new car loses about 20 to 22% of its value in the first year itself, which has already happened with your current car.
Even the car owners need to pay the registration fees, which is again a dent in the budget. So, consider these additional costs too with the price of the new car.
If you were thinking of buying a new car in a year or two, but it broke down earlier, consider repairing it and do not make a hasty decision to purchase a new car. It will also allow you more time to save for your new car and maintain your budget.
3. Sentimental value
Some people also do not want to buy a new car and keep getting the repair done for their existing car due to the sentimental value. The people are attached to their cars for reasons like it was a gift from a loved one, it was your first car, your baby was born when you took that car and more.
Buying a new car will mean giving up on this old asset. This may not be a compelling reason for keeping up with the repairs, but it indeed has a place.
Benefits of Buying a New Car
Buying a new car may seem like a big decision, but at times it is unavoidable. Here are the best reasons why buying a new car is the best for you.
1. Eliminate the hassle of repair
If you are sick and tired of visiting the mechanics in Adelaide for your existing car, then it is time to bring some relief and peace of mind to your life. Some things must be discarded as they cannot be fixed beyond a point. If you don’t want to spend another valuable time and money on the existing car, then trade it in and buy a new car.
2. More security
Nobody wants to drive in the scare and fret when the emergency of car breakdown can arrive anytime. Many people avoid taking long distances or traveling at night with their old cars because they are unpredictable and may stop in the middle of the road. This will cause a significant problem, and you will be stuck for hours!
One repair after anotherĀ
Repairing a single does not mean that another problem with an older car cannot arise. A frequent breakdown in the old car is expected. It can happen with any part or system.
If you buy a new car with all new parts and a warranty, you don’t have anything to worry about for at least three years. You don’t have to worry about the car stopping to work during the journey, and you can be more confident with your car.
1. Save heavy repair bills.
You don’t have to pay huge repair bills when you have a new car, saving a lot of money.
2. Better safety
New cars are installed with modern safety equipment. It has features like emergency braking, backup cameras, airbag, blind-spot monitoring, etc. You can have a safe driving experience with your new car model.
When to buy a new car?
Consider buying a new car when:
- When the repairs become too frequent.
- The costs of repairing start soaring.
- The car leaves you stranded due to frequent breakdowns.
- The car engine repair is costing more than half the value of the car.
Many other clues, too, warrant trading the old car.
Conclusion
So, if you are fed up with your old car, then evaluate your financial condition and check whether you can afford to buy a new car or not. You can also take the help of the car engine service mechanic to seek advice on whether it is the right time to change the car.