There comes a time in every car’s life when the decision has to be made. Should I keep fixing my old car, or buy a new one?
It’s not just about the money—there’s often an emotional attachment to the old ride. Maybe it was your first car, or maybe it’s been your trusted sidekick throughout your favourite road trips.
But is fixing up an old car worth it, or are you better off investing in a new car? Here are some things to consider that can help you make your decision.
Assessing your old car’s condition
Before you make any decisions, it’s crucial to look at the condition of your car.
While it may still run, high mileage is a good indicator that its life is nearing an end. Similarly, declining fuel efficiency, unusual noises, significant rust, and those quirks that you’ve gotten used to while you drive, may all be signs that it’s time to let your car go.
Frequent breakdowns are a major red flag. If you find yourself at the mechanic more often than on the road, it’s a clear sign that you need to say goodbye.
Evaluating repair costs vs. value
How do you know if it’s worth it to repair your car? If there’s a significant emotional investment, there may never be a number that convinces you.
But practically speaking, a good rule of thumb is if repairs cost 50% of the car’s value then it’s more worth your while getting rid of it.
The benefits of fixing up an old car
If you decide on fixing up an old car, there are several benefits to consider.
Cost savings
We all know a new car isn’t cheap. By investing in repairs, you might spend a fraction of what a new vehicle would cost to get your car back on the road.
Character
Your car is just that: yours. You’ve got a relationship. And with older cars, they develop a unique character that new cars simply can’t replicate.
Fixing up an old car lets you personalise it the way you want. You know the story of each part that goes into your car, and can control how it looks.
Environmental impact
Keeping an old car on the road can also be better for the environment. You’re avoiding the significant resources, energy, and emissions required to manufacture a new car.
So by repairing and maintaining your old car, you may be reducing your carbon footprint and making a more sustainable choice.
Should I keep fixing my old car? Is it worth the cost?
Let’s be frank. Keeping an old car running can also be expensive. You’ve got routine maintenance like oil changes, brake pad replacements, batteries, and tyre changes.
Depending on the make and model, these repairs can range from a few hundred to several thousand dollars over time. Certain cars might be even harder to repair, given their unique nature and model.
Where you may save though is on insurance—while priceless to you, your car might not be worth much in actual dollars.
A new car does come with a high price tag, and the insurance premiums will be higher. But over time, it may work out cheaper to run. You’ll have fewer repairs, it’s easier to source parts, and it may still be in warranty.
How to fix up an old car
If you have a knack for working with cars, you might choose to tackle the repairs yourself. Simple tasks like changing oil, replacing filters, or changing spark plugs can save you money. It can be a learning opportunity, too, which allows you to do a better and faster job in the future.
However, for more complex issues, it’s best to take your car to the professionals.
If choosing to fix up an old car, focus on essential repairs first. Brakes, tires, and anything to do with the engine and safety should be top priorities.
If you need parts, consider sourcing them from a reputable auto wrecker. They can offer affordable used parts that still have plenty of life left in them.
What if I don’t want to fix it? What are my options?
If the idea of repairing your old car doesn’t appeal to you, there are other options.
Secondhand car dealers
Secondhand car dealerships are always looking for reliable vehicles to on-sell, and your car could be exactly what they’re after. You’ll also get a decent price for your vehicle if there’s much life left in it.
Wreckers
Alternatively, or if your car is old enough that people may not want it, you could take it to a wrecker. They can help you dispose of it responsibly while providing you with some cash for the parts. This way, you can put that money towards a newer car.
Making the final decision
The decision to buy a new car or fix the old one isn’t easy. You need to weigh up the emotional and financial factors.
If your old car has served you well and still has life in it, repairs might be the way to go. But if it’s becoming a money pit, it might be time to say goodbye.
At Advanced Auto Wreckers we make the process easy. Our friendly team can pick your car up, and give you a fair price for it. We then take it away and ensure all salvageable parts are put to good use—potentially to fix up another old car, and extend its life with its owner.
Contact our team at (08) 9459 8155, or fill in the contact form on our website, to discuss how we can help you get rid of your old car.