There isn’t a one-size-fits-all answer to the age-old automobile question: replace or repair? So, it’s important to determine if you’re ready for a new car and the payments that come with it, or if you’re attached to your existing car and prefer to continue paying for repairs. We’ve asked John Walter, AAA Director of Auto Repair, and Joe Shultz, AAA manager of car buying, for their expert opinions.

When to Repair
“The first step is to look at your budget and evaluate the costs involved with each option,” says Walter. “Ask yourself, how long will the repair add to the life of the car? And, if your car repair costs exceed 50 percent of your car’s value, consider a trade-in.

When to Buy
“While brand-new cars have little to no maintenance costs, be sure to factor in the cost of monthly payments and higher registration fees in your decision-making process,” says Shultz. “Other questions to ask yourself: Does your current car still fit your lifestyle? Does it still feel safe? If you’re unsure, a AAA Car Buying consultant can evaluate your car’s condition and advise you on trade-in options.”

Related Articles