Fix it or scrap it?

Repairing a vehicle can be an expensive venture if the facilities and tools are not available and a repair at a shop is necessary. At what point do we sever our relationship with and old friend and make a new purchase?

Finding the right time to call it quits is a tough call. Many factors come in to play when deciding to do costly repairs. An engine, transmission, or major body work generally aren't jobs that the common person is able to do in their home garage or driveway. Major repairs can cost thousands and take time.

In this economy, repairing the vehicle is a great idea. Who wants a car payment? I certainly don't. Where else can you find a vehicle with a new engine for $1,500? Nowhere. Never trust the word of the seller, either. Have them back up claims of new powertrain replacements with receipts and warranty paperwork. Generally people will not drop thousands in to a vehicle just to sell it for a low price.

Let's not go crazy here, though. My 1993 Ford F-150 is rusty enough at this point that I wouldn't think of performing body work if it happened to sustain damage from a crash. I would definitely replace a clutch, brakes, or any other repairs that it may need.

Remember to check the value of your vehicle not only on a reputable site such as KBB.com or NADA.com, but also check out market value of the vehicle. If you have a vehicle like a 2001 Dodge Intrepid that needs an engine, don't think of dropping a $3,000 engine in it. It's only worth $2,500 on a good day. On the other hand, if you happen to have a 1999 Ford F-250 that has a bad engine, then drop the $3,500 for a new one because it's still worth in upwards of $6,000.

If you have any questions about repairing or purchasing vehicles, feel free to email me at diyfixyourcar@gmail.com