Should i fix my car or trade it in

Car Buying Tips Contact Us. More from Woburn Toyota. New Tundra Inventory Read More. Search Vehicles. Contact Us. And you have another big repair on the horizon. Or do you sell it and use that money toward another ride? The first step in solving a dilemma like this is to do a little math.

Your calculations will point you in the right direction and help take the stress out of your decision-making! And the best part? Check it out, and then get back to your life—and all the places it takes you. Other factors, such as repair frequency and what you owe on your car, come into play as well.

Okay, time to get started. First, estimate the value of your car without repairs. Sites like Kelley Blue Book or Edmunds are good examples of resources that can help you with your estimation. That may not be the case in every situation, depending on the overall condition of your car and the type of repair. Your mechanic should be able to give you an idea of how much value your repair will add to your car.

Decided to go ahead with the repair? Here are six steps to finding the money you need to fund your repair:. The majority of your cost is probably not parts, but labor. To find a reliable mechanic for a lower price, ask a few friends where they go for trustworthy work.

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations.

Our opinions are our own. Here is a list of our partners and here's how we make money. Beyond repair costs, Consumer Reports says to factor into your decision the savings from a new car with better fuel efficiency and the new car's loss in value over time. Also, make sure that you have everything that came with your car — floor mats, that extra set of keys — in the car, and not sitting at home or in your garage.

If you have winter tires, bring them with you. Have a driving question? Send it to globedrive globeandmail. Shopping for a new car? Click here to get your price. Stay on top of all our Drive stories.