Can I Get My Car Fixed? Weighing Repair Costs vs. Buying New
The question “Can I Get My Car Fixed?” is often followed by “Or should I just buy a new one?” With today’s high car prices, even a major repair can seem like a reasonable alternative to buying new or used. My recent experience highlights this dilemma.
When a Repair Bill Rivals a Down Payment
My 2010 Ford Fusion Sport, purchased for $29,545 back in the day, recently decided to throw a wrench (or rather, a water pump) into my plans. During a holiday trip, the engine overheated, leading to catastrophic damage. The diagnosis: a needed engine replacement.
The initial estimate for a used engine with 120,000 miles and a one-month warranty was around $5,400. Considering the average price of a new car hovers around $48,641 and a used one around $25,565 (according to Kelley Blue Book), the repair cost suddenly felt less outrageous. However, a one-month warranty on a used engine didn’t exactly inspire confidence.
Alt Text: A car engine with visible damage and some parts removed.
Exploring Alternatives: The New and Used Car Market
Faced with a hefty repair bill, I reluctantly dipped my toe into the car market. New car prices were immediately discouraging. Used cars, while more affordable, came with high mileage and unknown histories. Even leasing, with its seemingly lower monthly payments, often required substantial down payments and the prospect of repeating the entire process in a few years.
The Remanufactured Engine Solution: A Third Option
Discouraged by the car market, I sought a second opinion on the repair. This time, the recommendation was a remanufactured engine from Jasper Engines & Transmissions, with a three-year, 100,000-mile warranty. The cost: $7,900, including parts, labor, taxes, and fees. While still a significant expense, it offered a longer-term solution compared to a used engine. It felt like a fresh start for my car’s heart.
The Value of Knowing Your Car’s History
My Fusion, despite its 164,000 miles, is in good overall condition. I’ve been the sole driver for most of those miles, so I know its history. While the ride isn’t as smooth as it once was, the car handles well. And with the new engine, it feels rejuvenated.
Can I Get My Car Fixed? Sometimes, It’s the Best Option
The answer to “Can I get my car fixed?” is often more nuanced than a simple yes or no. In my case, fixing my car, even with a major repair, made more financial sense than navigating the inflated new and used car market. The remanufactured engine, with its solid warranty, provides peace of mind and potentially years of continued service. Ultimately, weighing the cost of repair against the price and uncertainty of buying another car led me to the best decision for my situation. Sometimes, fixing what you have is the most sensible path.
