When is it not worth repairing a car? Are some issues too great to be repaired? Read here to see which car problems usually are too big to fix.
The standard maintenance and repair cost for a new vehicle works out to around $1200 per year. Of course, most new vehicles run for years without any major problems. Used cars typically need more frequent repairs and servicing which drives the annual cost up.
At a certain point, a used car owner will ask, “When is it not worth repairing a car?”
The answer will vary from car owner to car owner, but here are five things to watch out for.
1. Bad Transmission
Even if you catch the bad transmission before it fails on you at speed, repairs often prove to be extremely costly. It’s not the transmission itself — you can often find a reasonably priced transmission.
It’s the labor that costs you. Replacing a transmission is slow and labor-intensive. Add this in and you’ll often find that getting another car is often cheaper.
2. Wiring Issues
Problems with your main wiring rig will prove both frustrating and pricey. Mechanics can spend hours and hours just tracking down the problem wire.
Plus, manufacturers hide a lot of the wiring inside doors and panels. That means even more hours of disassembly and reassembly to fix that one faulty wire.
3. PCM Failure
The PCM is a vehicle’s computer brain. Once it goes bad, it affects engine performance, sensor performance, and even the transmission.
It’s also an expensive repair when done correctly, which it often isn’t. A PCM failure is a good time to think something like, “No, I’ll just junk my car this time.”
4. Blown Engine
A blown engine is one of those automotive problems that car owners fear. You can’t limp it along or put off the repair. It must happen now or not at all.
Depending on the age and model of your car, the engine itself can run a few thousand dollars. That’s before you even consider the labor costs. Much like a transmission replacement, engine replacements prove labor-intensive.
5. Repair Costs More than the Car’s Value
Cars lose value over time in a process called depreciation. After 5 years, most cars lose around 60% of their original value. The value and resale price for the car will keep going down the older it gets.
There will come a point when the cost of a major repair on the car will prove higher than the actual value of the car. That is a key moment when a repair isn’t worth it.
Knowing When It Is Not Worth Repairing Your Car Is Crucial
Knowing when it is not worth repairing your car can save you a lot of time, trouble, and money.
A good rule of thumb is that replacing a major component, like a transmission or engine, isn’t worth it. Similarly, wiring and PCM issues can end up costing you an arm and leg.
You must also consider the cost of repairs against the car’s value. If you can’t recoup the repair cost when you sell the car, it’s probably not worth it.
Want more car advice and tips? Check out some more blogs in the auto section on this website.