At what point are car repairs and maintenance not worth it?

I'm well aware of the importance of car maintenance, but at what point are car repairs not worth the price or the hassle?

Answer
“If the car repairs or estimates are worth more than the value of your car, or you’ve put money into the vehicle recently that almost exceeded the value of the car, it’s time for you to part ways with your vehicle.
This doesn’t necessarily mean you should purchase a new vehicle, especially if you’re on a budget. A new vehicle has a sky-high cost, suffers from depreciation, and also requires you to get full coverage car insurance.
But if you still need a car, put together a reasonable budget and pay for one with cash. You won’t have a car note and you’ll only have to pay for liability coverage, which can save you even more money.
Whether or not you keep the car or buy a new one, it’s always a good idea to reevaluate your car insurance policy. It could be you’re overpaying and you don’t even know!
If you want someone to review your policy for you, try using the Jerry app. Jerry compares rates from the top providers and delivers the best deals to your phone in minutes. And the best part–Jerry does this for free.”
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Eric Schad
Answered on Aug 30, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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