What to do with a car that is too expensive to fix?

Now, would I, a Frugal-McDougle who writes for Money Under 30, be willing to pay close to that amount? Every time a car suffers a mechanical failure, it gives the owner a choice that is difficult to repair or not. Depending on the age of the car, the cost of the car and the type of repair, the repair is often worthwhile. However, in some cases, it's better to reduce losses and sell. So how do you know which option is right? If you don't take good care of your car, you're more likely to incur big costs when you go to the auto repair shop.

Instead of trying to calculate what it might cost to repair your vehicle, you may need to decide what to do with a car that isn't worth repairing. If repair costs are higher than this full year of car payments, then you might want to reconsider repairs. That depends on the current condition of your car, how often you have needed repairs in the recent past, and how often you anticipate that you will need repairs in the near future.

Kimberly Philabaum
Kimberly Philabaum

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