When Is It Better To Fix Your Car Or Trade It In?

Each time your car breaks down, you’re faced with a big decision. Should you repair it or trade it for a new vehicle? Find out what factors to consider when deciding to repair or trade your car. Then you’ll know which decision is right for you.

Consider the Repair Costs

Is your car in good shape for the most part, even though it needs a repair? If so, it makes sense to fix it as long as the bill won’t be higher than half the car’s value. However, if your car breaks down constantly and the repair costs are adding up, buying a new vehicle can make it easier to stick to a budget. Then you won’t have to worry about expensive repair costs popping up. Instead, you’ll need to keep up with your car payments, which will be the same amount each month.

Think About Safety and Reliability

Safety and reliability are important, so keep them in mind when deciding which path to take. If your car breaks down a lot, you could end up stranded on the side of the road, which isn’t safe. Additionally, you might have trouble getting to work on time and meeting other obligations. Thus, buying a new car is the right choice if you can’t count on your existing vehicle.

On the other hand, you can repair your existing car if it’s still safe and reliable. All cars require maintenance and repairs from time to time, so there’s no need to trade it in after the first issue.

Consider Additional Features

You might be able to repair your car and keep driving it. However, evaluate its existing features against new options to see if you would be better off upgrading. For instance, newer vehicles are outfitted with driver-assistive features and the latest technology. If your current ride isn’t cutting it, it’s time for a new one.

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Look at Your Maintenance Schedule

Do you want to upgrade your car in the near future but aren’t sure if the timing is right? Checking your car’s upcoming maintenance schedule can help you make your decision. Review it to see what tasks are on the horizon. If you see anything expensive in the coming months, you can start fresh with a new set of wheels. Then you can avoid an expensive bill for a car that you were planning to trade soon anyway.

Whether you want to fix or trade your vehicle, Garden State Honda in Clifton, New Jersey, is here to help. You can schedule a service online if you’d like us to repair your car. On the other hand, you can value your trade online if you’re ready to buy. Then you can browse through our inventory and complete your purchase online or in person.

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