Is it cheaper to repair or replace?

In general, it is almost always cheaper to replace a broken part of a car than to repair it. No matter who does the repair, our long-standing advice remains. Spend no more than 50 percent of the cost of a new product on repairing an old one. And if an item has already broken down once, replacement may make more sense.

Before we get into the numbers, it's important to remember that there is always a spectrum when it comes to car repairs. Which means that mathematics can only show you if you're more inclined towards a repair or replacement. Other factors also come into play, such as how often you repair and what you owe for your car. Keep them in mind when calculating your numbers.

Once again, as Montoya points out, replacing that car is likely to cost you much more than annual repairs. Also, if you keep the car, its market value doesn't matter. The goal is to have a working car, which you can have if you repair it. In fact, they were more likely to have repairs done incorrectly the first time and waited at least two weeks for repair than people who did not have those contracts.

If the repaired value of your car is worth as much or more than the cost of the repair, it's probably worth repairing rather than replacing it. Consult online tools, such as Kelley Blue Book's Fair Repair Range, to estimate the reasonable cost of repairs and the current redemption or retail value of cars like yours. People who used independent repair shops were more satisfied with the repairs than those who used factory service, which is consistent with what we have found earlier.