If you have an old or damaged car, you might not know whether it’s worthwhile to spend the cash to get it fixed.
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Learn when it is and isn’t a good idea to fix your car, and when you should sell it on Carmart.ng. Cars like everything else have a lifespan and no amount of fixing will remedy the situation of your dead car. Most times, you may be advised on selling the car by your mechanic.
Your car might not be in bad condition but it may be old, no one wants to be driving a 2005 car in 2023 So instead of taking these cars to the mechanic for an upgrade why don’t you sell it?
How To Decide If A Car Is Worth Fixing
Is it worthwhile to fix your car, or is it time to sell it and get a replacement? Making the decision to sell or keep your car can be complicated. You need to ponder on some cogent aspects regarding this issue.
- How much is the vehicle currently worth?
- How much would it cost to repair the vehicle?
- How long will it take to repair the vehicle?
- How much money have you spent repairing the vehicle?
- How reliable is the vehicle usually?
- How attached are you to the vehicle?
Will the vehicle still be safe to drive after repairs? It’s important to consider all the factors listed above before deciding whether to fix or sell a car.
Keep in mind that when determining how much it will cost to repair the vehicle, you should get quotes from multiple different mechanics. Labour costs can vary between shops.
Additionally, don’t forget to look at reviews for different mechanics. Some places may make a habit of drumming up additional and unnecessary charges.
Others may charge cheap prices in exchange for poor labour. If you’re going to pay for car repairs, you should do it the right way.
Is It Worth Fixing An Old Car?
Old cars accumulate a lot of wear and tear over the years.
It can be difficult to decide when to junk a vehicle that doesn’t have any major problems and could theoretically still drive well if you invest time in repairs.
The reality is, the older a vehicle gets, the more work it will do. Some people may believe that when you have a vehicle and you replace all the key parts in it, it can keep going forever.
This isn’t true, and you may be spending money on a junk car. Even if you completely replace the engine of an old vehicle, you still haven’t addressed the likely rust accumulating in an old frame.
There could be countless wires beginning to degrade, and chances are there are other hidden parts close to failing. Additionally, older vehicles lack key safety features present in newer cars.
The older a car is, the lower its value. Typically, when deciding whether a repair is worthwhile, you should consider the value of the car versus the cost of repairs.
A handy rule of thumb is that if the cost of repairing a car costs 50 per cent of its value or more, you should consider selling it. If the cost exceeds 100 per cent of the car’s value, definitely sell it.
Is It Worth Fixing A Car After An Accident?
After an accident, there may be some frame damage or mechanical damage to your car. In some cases, these repairs are fixable and relatively minor.
However, if you have a totalled car, you might face some serious repairs.
This could include welding and fixing the frame or replacing key parts of the engine. After a serious accident, you must consider whether fixing the car will leave you with a safe vehicle.
If a vehicle is declared totalled, there’s a possibility that it will still be dangerous to drive even after fixing it.
Cars are designed with key points designed to crush strategically in an accident. Stress points are engineered to avoid collapsing into the vehicle, protecting the driver and passengers inside.
After an accident, a vehicle may not respond to future accidents the way it was designed to. That means future accidents, even minor accidents, could be fatal.
When considering whether to fix a car after an accident, you should consider not just if a repair is affordable but if it is advisable.
If a car still won’t be safe after you spend hundreds or thousands of naira on repairs, it’s not a good idea to fix it. Instead, you can sell it for easy payment!
Why Sell Your Car On Carmart.ng
We see value no matter the problem, and so do most buyers. All you need to do is snap pictures of your car and have it available for listing on our website. Why? Because we are the biggest online automotive market in Nigeria. With thousands of visits every day to our website, your car buyer is just around the corner all this at no service charge.
Selling your vehicle online at Carmart.ng is the safe, easy and modern way to a car sale in Nigeria.
Frequently Asked Questions
Whether it’s worth fixing a car depends on your financial situation, the cost of replacing your car and how much-remaining life you expect the car to have. If the cost of repairing the vehicle is more than the car is worth, then it might not make financial sense to do so.
This is especially true if your car is older and is starting to need more expensive repairs. Even if spending the cash can fix your car up, will it last for several years without a problem? Or will it probably need another repair a few months to a year down the line? In short: the answer is usually no, it’s not worth fixing a car for more than the car is worth.