Should I Repair or Trade in My Old Car?

At some point, your car may incur a major repair need. Perhaps it needs a transmission rebuild or a head gasket replacement. Should you proceed with Hyundai repairs at the dealership, or should you trade in the vehicle and purchase or lease a new car? Learn when it’s better to make repairs and when it’s better to move on to a new Hyundai vehicle.When to Make Repairs

If the cost of your repairs is below the value of your vehicle, it’s best to fix the issue, according to Kelley Blue Book (KBB). Go to KBB’s website and enter your vehicle’s information to receive a valuation. In most instances, repair costs won’t exceed the car’s value unless it’s a significantly older model. If you do decide to repair your vehicle, it’s best to make an appointment at the dealership. This way, only OEM parts are used should your vehicle require replacement components. When to Trade in Your Vehicle

Trade in your car if the repair cost exceeds the car’s value or is about the same. There are additional scenarios beyond the cost factor where trading may also be the more desirable option. This includes:• You’re no longer confident in your car’s reliability• Your car is more than 10 years old• You want a vehicle with updated technology• You need a new vehicle to reflect your current situation. For example, you now have kids and need a car with a higher seating capacityWhichever your decision, you should bring your car to Lester Glenn Hyundai of Toms River. One of our technicians will examine your vehicle and provide a repair estimate. From there, you can decide whether to make repairs or if it’s time to trade it in. If the latter, our dealership provides an assortment of models to choose from, such as the Hyundai Santa Fe or Hyundai Elantra. Contact us today!

Posted in Uncategorized | No Comments »