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You might not think much about how your car is performing — until there is a problem. If your sputtering vehicle is not starting or keeps breaking you down, leaving you stranded, you will feel a lot of stress and frustration. As your car ages, it will show the effects of wear and tear. It won’t run as smoothly, be as reliable, or be as comfortable to ride in. Problems are inevitable, so you must decide whether to trade in your vehicle or fix the issues.
This is a big decision; you want to do what’s best for your finances and driving needs. Both options have benefits and potential drawbacks. You don’t have to go through this process alone. At Jay Hodge Chevrolet, we can help you make the right decision. Our team will evaluate your vehicle and assess its value. You can also shop our wide selection and pick a few models that have the features you need.
Look at the benefits of repairing your vehicle and trading it in. Consider when it might make sense to one or the other. At our dealership, we are here to make the experience positive.
Although car repairs can be costly and frustrating, they are not likely to cost more than purchasing a new vehicle. Many vehicle repairs have relatively small or moderate price tags. Even major issues, such as transmission repairs or engine replacement, won’t exceed what you would pay for a new model and often will still be less than getting in a used car. You will save money by going to an auto service center to repair your vehicle.
Other costs come with buying a new car, too. You’ll have to include registration fees, taxes, and insurance when you trade in a vehicle and get a new one. Plus, if you have an auto loan and still owe on it, chances are good that the vehicle is not worth more than the remaining balance. New cars can depreciate by as much as 22% within the first year.
Another reason for keeping the car and fixing it is if you aren’t ready to buy a new one but still need something to last longer. Repairing the vehicle could solve some nagging issues and keep it going for a few more years. There can also be an emotional reason to fix the car and avoid a trade-in. Perhaps it was a gift from a close friend or family member.
Or maybe you have fond memories of the vehicle and want to keep it around.
If you have an aging vehicle, you can’t predict the next time it will break down or not start. In addition, just because you fix one issue doesn’t mean that something else won’t happen in the coming weeks or months. There is no guarantee that a new part or component will make the vehicle run problem-free.
Sometimes, there are more frustrations than costs when you keep repairing your car. The time and effort you spend taking it to the shop can be exhausting. You might have to take time off work or be away from your family or favorite activities. It may no longer be worth the hassle of repairing your car.
Trading in your car can make a lot of sense if you need the peace of mind of driving a reliable model. New cars are much less likely to give you mechanical and performance problems. Even if you experience these issues with the car, it will have a warranty to cover the repairs. Trading in your vehicle for a new one will give you access to better features, newer technology, and more comfort.
A trade-in at Jay Hodge Chevrolet could be the right decision for your driving needs and budget. Come to our dealership in Sulphur Springs, TX, today and talk to our sales team. We can help you with the trade-in process and give you a fair estimate of your car’s value. Our experienced team can recommend your next steps and what you should do with your vehicle, whether to repair it and keep it or trade it in.
