Should I sell my car for cash, or repair it?
This is a common question amongst our Raleigh car owners. Deciding whether to, sell for quick cash or to fix the broken car, can be a frustrating decision. We will discuss the top 3 things to consider when faced with this dilemma.
- You want to consider how much your car is worth once it’s all fixed up in tip top shape. Let’s say you have a 2007 Toyota Highlander with 150k miles. Let’s say if it was all good to go, no body damage and no mechanical issues at all. It may be worth about $5,000. That’s awesome!
- Now you want to consider the actual condition of your vehicle and how much it will cost to get fixed. So let’s say that same Toyota highlander, has a transmission issue. Perhaps the vehicle will no longer driver over 25 miles per hour..YIKES! Well that definitely isn’t very reliable for you and your family now is it L. And to make it worse, the dealer has told you the price to replace that transmission is a whopping $4500 parts and labor! Don’t forget you’re overdue for that timing belt replacement and front brakes. So to get the vehicle back in tip top shape, you’d need to drop well over $5k in this scenario.
- The last part is just doing some basic math. If the value is $5000. The needed repairs exceed that $5000. Then you definitely may feel it’s better to just sell your car for some quick cash and move on from it!
So as you can see, this is definitely 1 scenario where you may decide to call “The Junk Car Lady” and get a quote Now. If we could put say $800 – $1000 in your pocket for the Toyota Highlander without you having to fix anything, then you’ll actually come out smelling like a rose.
At the end of the day, deciding whether you should sell your car for cash or repair it, really just comes down to some simple numbers my friend. A real estate mentor of mine once told me “men lie, women lie, but numbers don’t lie”.
We hope this helps you to make a wise decision for yourself on whether you should sell your car for cash or repair it. If you’ve decided to sell your car for cash in Raleigh or surrounding cities, then get a Free quote from us RIGHT HERE. We’d be glad to help and bring you cash same day in most cases!