Repairing your Car/Truck vs Buying a New Car/Truck

Many people are trying to make ends meet in the current financial climate. When your vehicle becomes inoperable, the level of stress you have increases and all you see is money signs. That’s usually when we get the question, repairing a vehicle vs Buying a new vehicle? Here are some things to consider, if you are ever faced with this situation:

• Purchase Price: Is your car/truck paid for? If so, a $3500 repair may be more cost effective than a $30,000 new vehicle purchase. Don’t forget to tack on interest to the $30,000 purchase price.
• Insurance expense: In a lot of cases, new cars/trucks are more expensive to insure than older vehicles. Many people forget to consider this extra cost.
• Trade-in: Many dealerships will not take your car as a trade-in if it is inoperable. This means your vehicle is worth zero dollars as a trade-in if you chose to purchase a new one.
• Auto Repair Financing: Many people are not aware that auto repairs can be financed. Typically, short-term financing is available at little to no cost. Eagle Transmission Denton works with several third-party financing companies to assist you.

Buying a new car may be the greatest option for you depending on your situation. However, thinking that choice through is something most people don’t take the time to do. When faced with this option, be sure to consider all the routes you could take. Contact Eagle Transmission today!New Paragraph