Should I Fix Or Scrap A Wrecked Car?

Should I Fix Or Scrap A Wrecked Car?  Fixing or scrapping a damaged car is a decision one can make with these few simple rules.

What it comes down when deciding to repair or junk a wrecked vehicle, it comes down to two things: time and money.  If it costs more to fix it than the car is worth, than you'll want to scrap it.  If the car is old, and the best you can do is $300 at the recycling plant, than that's what you should do.

Let's review questions you should ask related to these two deciding factors:

Time

  • Is the car worth the time to fix?
  • How long will it take to fix the car? - If you have to spend every weekend for the next year to fix it, it's probably not worth it.
  • Is my time worth it?
  • Do I have enough time to fix it?

Money

  • Will I repair it myself? - This will save money
  • Will I have an auto mechanic fix it? - This will take money
  • How much will it cost?
  • Are the repair costs worth more than the car?
  • Is there a chance to resell the car once it is fixed?
  • What unforeseen issues may it have and how much will that cost?

As you can see there are many factors to consider when scrapping or fixing a car.  Answering the above questions should help in resolving this matter.

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