It’s quite simple if you reduce it to basic decision making, so here’s how to do it:
There are only a few criteria that need to be looked at when making the decision to fix or replace your vehicle.
- Financial – the $ facts.
- Practical – Does it meet your needs?
- Emotional side – Do you like the vehicle?
Each one of these categories can be broken down into decision-influencing criteria. Some are facts that you and I cannot change and some only you can answer. Below is a very abbreviated guide.
Know the numbers:
- Know what it will cost to maintain and operate your vehicle annually. (Colchin Automotive Inc. can help you with these numbers).
- Know what a replacement vehicle will cost annually. (Monthly payment, taxes, license plates, insurance, etc.)
- Don’t forget the used vehicle option.
The Practicality of your vehicle:
- This is simple…does your vehicle meet your transportation needs?
- Is it big enough?
- Is the fuel mileage acceptable?
- Can it tow a trailer?
The Emotional Aspect:
- Do you like your vehicle?
- Do you like its looks or color?
In The End…
The decision has to be made by you to keep your older vehicle, buy used or buy new. The only advise I can give beyond the unarguable fact that repairing your existing vehicle makes economic sense is that you use good logic and rationale in making your decision.
Please contact us for more detailed information – we have a brochure on the subject.
Todd Colchin
Colchin Automotive & Diesel Inc.



1 response so far ↓
1 Jeff // Mar 31, 2009 at 9:36 am
I just got done spending $530 on my ‘93 Dodge Spirit for a turn signal switch assembly & an alternator, after I said I wasn’t putting anymore money into it. The a/c went a few months ago and now the tranny is gone. It’s gonna cost around $1700 to repair both, but to replace it with a newer used vehicle could cost $3-5k. The Spirit has no body damage but could use a paint job. I like the Spirit because it meets my practical and emotional needs (it has been through two teenagers and I was hoping to get my third through it), but I have to question whether it makes sense to put the money into it. I know what I have with it. I’m leary of what I could end up with in a new used car. What’s your opinion?
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