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How does replacing the engine affect car value?
I have a 2009 Pontiac Vibe that I’d like to sell for the highest possible price. I am looking for things I can do to increase its value. How does replacing the engine affect car value?
Bonnie Stinson · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Very smart question! Replacing the engine usually increases the car’s overall value.
On the one hand, it’s true that a new engine generally increases the car’s value. However, there’s one important drawback you need to consider first.
It’s possible that the cost of the new engine for your
Pontiac Vibe
will be greater than the overall increase to the car’s value.If your vehicle is otherwise in excellent condition, a new engine could help attract buyers that might scoff at its age or mileage. But if your vehicle is in mediocre or poor condition, a new engine won’t do much to improve your Vibe’s appeal if you’re selling online.
So what should you do? Here’s how to make a decision:
- Find out how much it would cost to install a new engine.
- Look for online listings for similar vehicles.
- Compare prices for vehicles with and without a new engine.
If you are more interested in making a sale than in
top dollar profit
, then installing a new engine could be a very smart move. This strategy could help differentiate your car from similar cars on the market, demonstrating to buyers that you are a conscientious seller and attracting more interest.Good luck selling your Vibe! Hope you find a great price.
Remember to cancel your insurance policy before you hand over the keys—but not before. A gap in insurance could raise your rates. You can also
transfer your policy
to a new vehicle. Insurance can be complicated! Reach out to Jerry
if you have questions or if you need a new policy for a new vehicle. MORE: Trade-in vs. private sale: What’s the best way to sell your car?
View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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