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What should I do with a car that's too expensive to repair?

I have a Wrangler that I love, but it stopped running. The cost of the repairs is more than the value of the car. What should I do with my vehicle?

avatar
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Sorry to hear your Wrangler has given out on you. It doesn’t sound like repairing it is a good financial option, so you’ll want to look into selling your car.
You have several options to get rid of your vehicle, including:
  • Sell it to the repair shop, as they can use it for parts
  • Sell the vehicle online
  • Get scrap money for it
  • Sell to an enthusiast who restores vehicles as a passion project or to a younger kid as a fixer-upper
In most cases, you’re not going to get more than about $500 for your vehicle, so be prepared for some low-ball offers.
If you are in the market for a new or used car, you’re going to need a new
car insurance
 policy. To save some money, shop for quotes with
Jerry
. After signing up, Jerry will present you quotes from up to 50 providers. The best part? Average Jerry users save $879 per year on car insurance!
MORE:
Every Type of Car Insurance Explained: 2021 Guide
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