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Should I Repair My Car Or Sell It?

If you were involved in a car accident, you might be shocked by the estimated cost of repairs you receive from the mechanic.

Or perhaps your engine is giving you troubles, and the repair shop just told you how much it will cost to replace it. Maybe wear and tear have had serious impacts on your car, and you just wanted to know what kind of work it needs.

Trying to fix a damaged car adds up fast. Whether it’s body damage, mechanical problems, or something else, not all fixes are worth going through with. In some cases, you might need to decide if the car repairs cost more than its value.

When you get an estimate from a mechanic to do work on your vehicle, you should take some time to figure out how much your car is actually worth. Use sources like the Kelley Blue Book and check out local sales to give you an idea.

Once you know how much your car is worth, it’s time to take a second look at the estimated cost of repairs. Is it worth repairing your car? Should you repair or replace your car?

What if repairs are more than the car is worth? You might ultimately decide that your car needs more repairs than it's worth. If that’s the case, it might make more sense to sell the vehicle.

Don't Fix It - Sell It!

Enter your zip code below to get your FREE estimate and see how much your damaged car is worth. You can get paid in 24-48 hours with free towing!

When Repairs Cost More Than The Car Does

depressed woman sitting in front of the computer, holding bills in her handsWondering if it is worth it to fix your car? When you calculate the value of your car versus the repair costs required to determine if your car is worth repairing, you should keep a few things in mind:

  • Will the repairs increase the value of my car?
  • How much could I sell the car for as-is?
  • How badly do you need a working car right now?

Each car situation is unique. So when should you not repair your car?

Here’s a scenario that can help you figure that out. Assume your vehicle is worth about $6,000, and you received a repair estimate of $2,000. Will the $2,000 in repairs bring your vehicle’s total value to $8,000, or will it still be somewhere in the $6,000-$7,000 range?

Ask yourself another question: How much could you get if you sold the vehicle in its current condition? Combine how much the car could go for with the estimated cost of repairs.

Could you buy a decent vehicle for that money? In that case, it might make more sense to sell, take your savings and earnings, and put them towards a new vehicle.

Finally, consider the headache associated with having a non-running car. If it will take weeks to repair your vehicle, you will have to figure out your transportation for that entire time period. Is your car worth the wait?

If your car repairs are more than the car is worth, you should switch strategies. Instead of trying to figure out what repairing your vehicle could cost, you might need to decide what to do with a car that’s not worth repairing.

 

Where To Sell A Car If It's Not Worth Repairing

the woman stands in front of three numbered doors and wonders which one to chooseWondering what to do with a car that needs more repairs than it's worth? If you're trying to decide whether to repair or replace your car and decide on replacing it, you can sell a car not worth repairing in any of the following places:

  • Junkyards and scrap yards
  • To a private individual
  • To a dealership
  • To an online car buyer

Junkyards and scrap yards typically offer you the scrap metal value of your vehicle. Depending on the car’s make, model and year, this may not be the best offer you can get on your car. Additionally, you might need to call multiple different yards to compare quotes.

Private individuals may also be interested in your damaged car. Keep in mind that you will need to schedule a time for potential buyers to come see the car. Additionally, if the car doesn’t run, you and the buyer will need to negotiate who will cover the cost of towing the vehicle.

Some dealerships may accept a damaged car as a trade-in towards a new vehicle. This may help you get a replacement car more quickly.

Keep in mind that many dealerships do not specialize in trading and selling damaged cars. You might not get the best trade-in value for your car, and you will be limited in what kind of car you can buy as a replacement.

Selling your car online is generally the fastest and easiest way to get an offer and get paid.

How can I get a quote for my car instantly?

It's simple and it takes less than 90 seconds... click the button below to get started and find out how much your vehicle is worth!

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Why You Should Sell Your Damaged Car To CarBrain

the man sits in front of the computer and shows Selling When your car repairs are more than the value, it’s time to sell. Selling your damaged car online to CarBrain is the fastest and easiest way to get paid for your damaged car. We specialize in buying less-than-perfect cars, vans, trucks and SUVs, which means we know how to value your vehicle.

We offer quotes in 90 seconds. If you upload photos and your VIN, we can offer a guaranteed quote. Additionally, our offers come with no obligation — you don’t have to sell your auto to us just because we make an offer.

CarBrain can buy all kinds of makes, including:

  • Toyota
  • Jeep
  • Ford
  • Hyundai
  • Chevrolet
  • Nissan
  • BMW
  • And more!

CarBrain quotes are also valid for seven days, which means you have time to think it over before completing the sale.

CarBrain offers ALWAYS include free towing and free title transfer. We can help you schedule your free pickup in under 48 business hours. There are no hidden fees or charges. Our associate buyers are ready to help walk you through the process and get paid in a matter of days.

How To Sell Your Damaged Car To CarBrain

Selling to CarBrain is simple. All you have to do is:

Upload photos of your vehicle and its VIN to get a guaranteed offer right away. If you like our price, you can schedule your FREE pickup in under 48 business hours.

The tow truck driver will arrive with a check in hand. All you have to do is sign over the title and hand over the keys. You’ll get paid on the spot.

From beaten-up Toyota Camrys to non-running Jeep Grand Cherokees, we’re happy to make an offer on your vehicle of any shape or size, and in any condition.

It’s that simple. Why wait? Call CarBrain and get started today.

4/01/2020

Expensive Repairs? Get a Cash Offer Instead

Should I Repair Or Replace My Car?

Is it better to buy a new car or fix an old car? Well, whether you should fix an old car or buy a new one comes down to cost. If the repair costs are cheap, then you should go ahead and make them. However, if the cost of fixing your vehicle approaches more than 50 percent of its actual cash value, then you've probably reached the point when it is not worth repairing the car.

Wondering what to do when a car's repairs cost more than the car is worth? CarBrain has a solution. We'll buy your car for its fair market value and pay you for it in less than 48 business hours after you accept our offer. Whether your vehicle is wrecked, old, or just not running anymore, we can make an offer on it lightning-fast.

At What Point Is It Not Worth Repairing A Car?

If you're facing expensive car repairs, is it worth fixing? That depends on the current market value of your vehicle and the cost of the repairs. You don't want to spend more repairing the vehicle than you would get if you sold it. Typically, damage to a car permanently lowers its value, even if you do repair it, so you're going to be throwing money away if you take that route.

Wondering what to do when car repairs are too expensive to justify? CarBrain can help you: we'll make a fair-market offer for your vehicle in 90 seconds and pay you for it in 24-48 hours after you accept our offer.

When Should You Give Up On A Car?

When the cost of fixing your vehicle approaches or exceeds its current actual cash value, it's time to give up on the car. But if you don't want to spend more money on your car, but you aren't sure what to do with a car that is not worth fixing, what can you do?

The easy answer is to sell it. You can get offers from junkyards near you for the salvage value of your vehicle easily. However, there are downsides to using a junkyard: you might be lowballed, you could have to pay for towing and it may take several phone calls to easily compare quotes and find the best one.

CarBrain provides an easier solution. With our wide-reaching network of partners, we can quickly and easily find the best price for your vehicle in your area, include free towing with all our offers and can come to you in 24-48 hours after you accept an offer with payment in hand.

Which Car Problems Are Not Worth Fixing?

Certain major problems are obvious: if your engine is blown or your transmission is busted, chances are it's time to retire your vehicle and look for a new one. However, some other problems, like replacing the catalytic converter, can also cost you a few thousand dollars.

Is your car worth fixing? If it's in rough shape or the cost exceeds its current market value, probably not. However, there is still an easy solution for you — CarBrain will make a fair market offer for your vehicle in any condition and help you get paid fast!

Should You Fix A Car Before Trading It In?

If you’re thinking about trading in or selling your car, chances are that fixing it won’t benefit you. That’s because the cost of car repairs will typically be significantly higher than the value you will get out of the vehicle by fixing it.

Cars with damage are typically permanently lowered in value. Instead of trying to repair it, you should sell it as-is and put whatever you earn, plus what you would have spent fixing it, towards the cost of a newer vehicle.