Car Repair Cost Estimator: Fix It or Sell It?
Collision repair costs typically range from $1,500 to $15,000+ depending on damage type, make/model and other various factors. If repair costs approach your car’s value, selling may be the faster and cheaper option. With Cash for Cars, you can get repair estimates or sell it in 30 seconds with cash in hand in less than 24 hours.
Are you trying to figure out whether to fix your car or sell it? Let’s make it a simple decision for you.
The first thing you should do is decide whether the car is worth fixing, and that depends on the numbers. If the car repair is going to surpass 70% of the car’s current value, get that car out of your life and sell it today! For example, if the value of the car is $6,000 and the repair is $4,000, RUN! Your repairs, especially for a car that has aged and put on the mileage, should never cost more than half of your vehicle’s worth, ever!
Let’s take a look at our repair cost estimator for common repairs:
- Brakes (pads and rotors): $300-$1,200
- Transmission: $2,500-$6,000
- Engine repair/rebuild: $3,000 to $8,000 plus
- Suspension: $800 - $2,500
- AC: $1,200 - $3,000
- Electrical gremlins: $300 - $2,000 (this one is very unpredictable)
So now you have to decide. Fix it or sell it?
Sell it if:
- Repair is greater than 50% of your car’s value
- It’s not just one issue, but a bunch and they’re big and small ones
- It makes you scared to drive it
- Problems arise very few months
- You’d never buy this car again and/or you tell people to avoid it at all costs
Get an instant cash offer for your car with Cash for Cars!
Repair it if:
- Fixing it costs less than 60% of car’s value
- Car has low miles for its age
- You are fully aware of its repair history
- You would just get a used car anyway
- Fixing it will give you 3 to 4 years of peace
If you’re leaning toward kicking your old car to the curb because the repairs are just not worth it, make your life easier and sell it! Get a repair estimate on your vehicle and your cash offer in 30 seconds with Cash for Cars!
