07074Deciding To Fix It Or Sell It
Listeners constantly ask us, “do I fix it, or do I sell it?”
Americans are keeping their cars longer than at any time in history—an average of 11 years—so it becomes essential to know when it’s time to make a change. When your car has mechanical problems, the decision boils down to do I repair the car I have or replace it entirely?
Everybody’s circumstances are unique, but making the right decision depends on asking the right question.
I once had a consultant many years ago that said, “If you have enough information, and it is the correct information, then the decisions will usually jump out at you.”
Too often when a car develops problems, the owner mistakenly evaluates it this way:
“My car is ten years old with at or near 150,000 miles, I checked the Blue Book value and it is lessthan the cost of the repair. Should I now get rid of it?”
That’s an example of asking the wrong question. What does the Blue Book value of the car have to do with the decision to repair it? The answer is…nothing.
The correct question to ask is, if I invest this three thousand dollars into my car, will I then be able to enjoy three to five years worth of reliable service from it?
(In most cases, it’s cheaper to fix them than it is to replace them.)
Have the Car Professionally Evaluated
The sensible course of action is to have the entire car evaluated by a reputable and experienced automotive repair facility. Before spending any significant money on a major repair, ask the repair center to look at all seven vital systems.
A knowledgeable, informed decision can be made once these systems have been properly evaluated.
AAA has an extensive automotive service provider list and an approved AAA service center must meet incredibly high standards.