Trading In vs Repairing Your Vehicle

Your car needs consistent upkeep to stay in good shape. But there comes a time when you’ll wonder if it's worth it to keep spending money on an aging ride. Should you fork out cash for an extensive repair, or would it be wiser to trade in your current vehicle and get a new one?

At Tempe Chrysler Dodge Jeep RAM, we understand this is not an easy decision to make. This is why we list some benefits of repairing and trading in your vehicle. If you need further assistance, don't hesitate to call or visit our dealership in Tempe, AZ.

Benefits of Repairing

You Can Dodge Those Sky-High Prices

It might be wise to hold off on getting a new car if your repair costs are just a few hundred bucks. With the prices of new vehicles these days, expect to make monthly payments of $600 or $700. And while picking up a used car can help you save some cash in this pricey market, remember that it might come with its own repair needs.

You'll Only Have One Bill Instead of Juggling Multiple Monthly Payments

If you can handle the repair costs and avoid getting tied down with a new auto loan, you'll keep your budget looking good. Even if your repair bill is up in the thousands, that would only cover the down payment for a new ride. You'd still be stuck dealing with those monthly payments for another five to six years.

You Can Manage Your Insurance Expenses Better

Since older cars are generally cheaper to replace, insuring an oldie will likely cost you less than covering a brand-new vehicle.

Benefits of Trading In

You Can Stop Worrying About Those Weird Sounds Your Old Car Makes

One of the best benefits of getting a new vehicle is that you can catch some ZZZs at night. This is because you don’t need to fret over another costly repair next week. New cars typically come with warranties that cover issues for the first three years or 36,000 miles; some parts even have extended coverage, hitting up to 100,000 miles.

You Might Find Yourself Saving Cash in Other Ways

Certain problems just can't be fixed – like how much gas your car guzzles. This is especially important to consider when gas prices are climbing over $3 a gallon in some areas, according to AAA data. If your car is burning a hole in your pocket, it might be time to consider a hybrid or electric option.

You Can Enjoy Better Safety Features

Older cars that have ongoing problems can be unsafe to drive. Selling your car for cash allows you to upgrade to a newer, safer model.

You Can Help the Planet

Older vehicles are usually less fuel-efficient and emit more pollutants than newer ones. Trading in your car allows you to switch to a greener ride, helping you lower your carbon footprint.

Trade Your Vehicle In at Tempe Chrysler Dodge Jeep RAM

Cars aren't built to last forever. So, if you're pondering whether to buy a new ride or fix up your old one, the first step is to weigh the costs of both options. If you've already poured a ton of money into repairs and your car is still limping along, it might be time to hit the market for something new. The good news is that you could get decent cash from trading in your car to help with that purchase.

Even older used cars with high mileage are fetching excellent trade-in values. That clunker you've got may be worth way more than you realize. Check out the current value of your car. Then, compare that figure with what you'd need to spend on repairs. Those two numbers side by side should give you a clear picture of whether it's wiser to fix it up or move on and get something fresh.

If you've decided to trade in your vehicle, get in touch with Tempe Chrysler Dodge Jeep RAM. You can start the process using our website's online trade-in tools to value your trade. You can also browse our extensive selection of new and used vehicles. You're also welcome to visit our dealership in Tempe, AZ, to test drive our vehicles.