The average price of a used car in Canada is around $35,000.
If your car is past its prime, it may need some repairs. The alternative is to sell it and buy a new car - but how do you decide which is the best option? Repairs are often easier, but you can also get quick cash for scrap cars in Hamilton.
In this guide, we'll compare the benefits of car repair vs. replacement so that you can decide which is best for you.
Reasons to Repair a Car
It's typically easy to find a mechanic to repair your car. If you're quite handy, you may even be able to do it yourself.
In most cases, car repair costs less than buying a new car. This is because you'll likely only need one or two components and must pay for the labour. If you can do the job yourself, there won't be labour costs.
In general, newer cars depreciate faster. If you have an older car that you repair to keep running, its value won't depreciate much each year. As such, you can maintain a reasonable resale value for longer.
You Can't Buy a New Car
Various factors can be at play, meaning it's not a suitable time to buy a new car. You might already be saving for one or don't have the cash right now. If so, it can simply be far more convenient for you to repair your current car.
It's common for people to have an emotional attachment - especially if it's a first car. In this case, you may want to keep it for as long as possible, even if it's encountering problems.
Reasons to Replace a Car
Buying a new car is sometimes a fun experience, but this might not be the case if you're doing so because your old car is failing. It may still be a better move to replace your car than repair it.
Peace of Mind
An old car might be more likely to break down while on the road or have unexpected issues that make it undrivable. A new car will have fewer issues, so you know you can rely on it more.
Too Many Repairs
As your car ages, you'll make more trips to the mechanic. You might have reached a point where you're getting repairs too frequently and simply getting sick of it. A new car will run better, so you won't have to get repairs done as often.
New vehicles are typically safer than old ones. This is due to advanced features and more safety equipment. As such, buying a new vehicle will make you and your passengers safer on the road.
Cost Is More Than Value
Repairing old cars isn't usually too expensive, but there can be high costs for certain parts. With the added labour, the repairs may even cost more than the car is worth. Cars in very bad shape can even be sold to scrap car buyers for a reasonable price.
Get Cash for Scrap Cars in Hamilton
If you're searching for cash for scrap cars in Hamilton, Bodyline can help. We'll offer a fair car price and sell used cars and various parts from scrap cars if you're looking for any components you need to replace.
Visit our site to sell your scrap car in Hamilton today.