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?

Answer
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!
Eric Schad
Answered on Oct 29, 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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