It’s never easy to keep a hold on your frustration when you have to be somewhere and your car breaks down on the way. As it is, even the most minor damage to your car is enough to give you a panic attack. Now, if this keeps happening then you might want to rethink the course you are taking with your vehicle.
However, if car repairing is something you end up spending the majority of your paycheck on, then it is definitely something that you should pay attention to. Moreover, this is something you can never really avoid.
You need to occasionally ensure your car tires are balanced, the wheels are aligned, and much more. If your car is giving you trouble quite often then you should think of taking steps that will benefit you the most. Is repeater repairing the only way out?
The answer to this question can be found in quite a few simple steps or easy calculations. All you have to calculate and compare is the total cost for the repair of your car and compare it with the actual cost of your car. You will understand that your car is going through too many repairs if the cost of repairing the vehicle exceeds the actual price of the vehicle.
It is under these circumstances that you will have to understand that perhaps repairing the vehicle this often is not a solution. It would simply boil down to your vehicle not being worth fixing any longer.
This is generally the case when your vehicle is very old and its parts are quite difficult to get a hold of. This also happens if your car has been subject to a major accident and has faced quite a lot of extensive damages.
What usually happens in cases like these is, you are given an estimated quote depending on the amount or damage caused or the cost of the machine parts that are either to be repaired or replaced. Usually, it is your mechanic who would be the first to let you know if your car is beyond repair. Or, if repairing your car this frequently might even be beneficial for you.
It would be best to opt for car insurance to manage sudden repairs of your car. A car insurance policy helps you avoid exorbitant costs on car repairs as they offer financial coverage for any internal or external damage to your car.
It is certainly not an easy task to understand whether your car is worth the investment you make behind its repair. However, here is the proper way to go about figuring this out. Firstly, you will have to do quite a few calculations by figuring out how much you spend on services. This is important because your next step regarding your car depends on the calculations you make.
So, when can you say that your car is going through too many repairs? Well, the first instance would be if the cost of your repair is more compared to the price of your car itself. This means that with the amount of money you’re spending on your car’s repairs, you could’ve bought a brand new car itself.
The second instance is when the cost of your car repairs is more than the price of a moderately used car. This means your repair expenditure isn’t high enough to buy a new one but is high nonetheless.
The third instance would be if the repairs done to your car do nothing to increase the price value of your car. Usually, a person repairs his car before sale to elevate its value. However, if it fails to increase the value, then your repair might be fruitless.
Once you have done all your calculations, if you decide that you are spending too much on repairing, then it would be advisable to make the best out of this situation. There are quite a few ways you can apply in order to derive optimum profit from the situation.
The first thing that you can do in a situation like this is to sell off your car. This would be more of a private kind of sale. This means that you would privately sell to either someone you know or you can also sell them online on sites like eBay. You can also sell your car to a legitimate car dealership. They will assess your car and its value before telling you the price they will offer.
There are also several online car buyers who take part in online car sales.
If you feel that your car is really not going to get the interest of either the private buyer, the car dealership, or the online car buyer, then you can always sell your vehicle to any scrap yard or a junkyard. They will accept your car even if it’s not moving! So, you can trust them to take your car in even if it is beyond repair.
While it is wise to sell your car off at the right moment when it is not worth repairing anymore, it is even wiser to have the right type of car insurance when your car is going through repairs. If you see that the repairing cost does not exceed the cost of the car itself, then you should invest in a good car insurance policy that would cover all significant changes and repairs. That way, your car will get all the services it requires without even burning a hole into your pocket!