When your car is out of commission, it can cause a major inconvenience. No one likes to sit by and watch their car waste its' days parked in the driveway. Especially when this means that you're having to shell out cash for rides or beg for favors on the daily.
The truth is, that sometimes, the cost of a car repair simply isn't worth the price you'll have to pay to get your wheels back on the road again.
If you're stuck on whether or not you should shell out the cash for your car's engine replacement, we've got you covered.
Read on to learn why a car engine replacement may not be worth the cost!
Is A Car Engine Replacement Worth the Price You'll Pay?
If you're considering an engine replacement, stop what you're doing.
We've got the answers to the questions you've been asking. There are times when a car engine replacement might be worth the cost. But, that's a circumstance that's far and few between.
Many times, engine replacement costs more than the vehicle's asking price. And, even when this isn't the case, replacing your car's engine might be adding more trouble than its' worth.
If you can find out the answers to a few simple questions, then you'll know whether or not an engine replacement is worth your while.
1. Can You Fix Your Car Problem Yourself?
If your car problem is one that you wouldn't normally attempt as a do-it-yourself job, then you will need to think about the costs of labor. Labor tends to run higher than the costs of parts or other potential considerations when fixing a car. Even seemingly small jobs can cost a pretty penny when you add in the cost of mechanical labor.
If you can cut corners by performing the work yourself, then you just might be able to save money on car repairs. However, if you know that you are unqualified to perform the necessary repairs, you're better off consulting the pros from the start.
Attempting to perform a job that must be revisited by experts is bound to cost you even more money in the long run.
2. Consider the Cost
If you're facing a car repair, the cost will almost certainly always come into play.
Unfortunately, replacing an engine often costs more than the vehicle's worth. On average, you're looking at $4,000 to $5,000 dollars to replace a 4 cylinder engine. This price is likely to go up with a V6 or V8 engine. And, figures tend to range based on the complexity of a job and the performance of a vehicle.
If your vehicle is an older-model car, you're almost certain to pay more for a high-quality engine than the amount you might warrant if you were to sell the car outright.
If you are dealing with a newer-model vehicle, you run the risk of investing more money than you should per the car's age and typical wear.
3. Your Car Is On Its' Way Out
Perhaps you're hesitant to get rid of your car because you've shared so many good years together. You've loved your car like a baby, never imagining that the day would come that you would have to consider trading it in for a newer model.
Now, that day has come. And, you aren't ready.
No matter how much it hurts to part with your beloved wheels, there comes a time when you simply must do what you have to do.
If you know your car is on its' way out, and that spending a bundle to repair it will only cost you in the end, then don't. Just don't.
Instead, take the funds that you might spend on repairing your car to put up a down payment on a new vehicle. Or, you may choose to purchase a new (to you) car outright. Either way, investing in your future is a better option than making an investment that, deep down, you know, will not pay off in the long run,
4. Realistically Assess Your Vehicle's Worth
Just because your car is worth a mint to you, doesn't mean that others are bound to see it this way. Perhaps you've (falsely?) believed that your car would sell for a higher price than its' now worth.
Maybe you bought it at a time when it was worth more than its' current selling price (likely so…). Or, maybe you've tried to handle it with kid-gloves and you believe that your hard work should pay off in greater dividends. But….that's probably not happening.
If your car isn't capable of running up to speed, then you might be better off throwing in the towel. Even if you've met every recommended maintenance date, it might be that your car has overseen its years.
Sure, it was worth high dollars back in the day, But, now you'd be lucky to find someone willing to take it off your hands,
Just accept the facts and do what you need to do to get rid of the thing. It's understandable that you regret your car not being worth more, especially if you paid a high price tag upon purchase. But, sometimes you have to cut your losses and deal with the cards you are dealt with.
There's a good chance that you'll turn out better off in the long run.
So, now what?
You're left with a couple of options, but take caution against being too picky. If you don't have a winning hand to play, it's best to walk away with whatever you can.
5. Sell Your Car While You Still Can
Now that you've snapped back to reality and you realize that your clunker isn't the gold mine you'd once envisioned, it's best to sell your car while you still can.
Believe it or not, there will come a time when it will cost more to have someone take your automobile off your hands than the car costs alone.
Fortunately, there are options for selling cars that hold little resale value. And, if you're lucky you can even find a buyer that's willing to pick your car up. This is especially valuable if you have a car that no longer runs.
But, even if your car isn't headed to the graveyard just yet, it might be easier to collect quick cash and use the funds towards a new set of wheels.
Looking to Junk Your Car?
if you're facing an engine replacement and would rather not pay for a repair that doesn't pay off in the end, we can help.
Contact us today to get an instant cash offer on your car, truck or SUV!