The Critical Question: Repair or Move On?
This decision involves more than comparing repair costs to vehicle value. Consider your financial situation, transportation needs, and the vehicle's overall condition.
Analyzing the True Cost of Repairs
Get at least 2-3 written estimates from different repair facilities. Look beyond immediate repairs—what else might need attention soon?
Determining Your Vehicle's True Value
Research your vehicle's value using:
- Kelley Blue Book (kbb.com)
- Edmunds (edmunds.com)
- NADA Guides (nadaguides.com)
Different Value Categories
- Trade-In Value: What a dealer might offer (lowest)
- Private Party Value: What you might get selling directly (higher)
- Salvage/Scrap Value: $200-800 for parts and metal
The Repair vs. Sell Decision Framework
Consider repairing if:
- Repair costs are less than 50% of vehicle value
- Vehicle is otherwise reliable
- You know the vehicle's history
- Replacement would cost significantly more
Consider selling if:
- Repair costs exceed 75% of vehicle value
- Multiple other expensive problems are likely soon
- Vehicle has been increasingly unreliable
- You were already planning to replace it
Your Options for Selling
- Private Sale After Repairs: Highest return but requires investment
- As-Is Private Sale: Be completely transparent about condition
- Trade-In: Convenient but lowest value
- Instant Cash Services: CarMax, Carvana offer quick purchases
- Junk/Salvage Buyers: $200-800 for vehicles in poor condition