{"id":124524,"date":"2019-06-25T18:40:11","date_gmt":"2019-06-25T18:40:11","guid":{"rendered":"https:\/\/www.bnreport.com\/how-to-evaluate-the-cost-of-repairing-your-car-roadshow\/"},"modified":"2019-06-25T18:40:11","modified_gmt":"2019-06-25T18:40:11","slug":"how-to-evaluate-the-cost-of-repairing-your-car-roadshow","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/how-to-evaluate-the-cost-of-repairing-your-car-roadshow\/","title":{"rendered":"How to evaluate the cost of repairing your car \u2013 Roadshow"},"content":{"rendered":"
\nScrapping your car because it needs a major repair might be just compounding the financial headache.<\/p>\n

NICB <\/p>\n<\/figcaption><\/figure>\n

Viewer Mitch from Hawaii wrote me about his 2008 Toyota Highlander Limited<\/a> that's facing $5,000 worth of repairs, so he wants to know if he should just buy a new car. The temptation to think a car worth around $10,000 isn't worth $5,000 in repairs is understandable, but auto repair costs should be compared against the full cost of a new or newer car, including financing and possibly higher insurance and registration costs. Comparing repair costs with that laundry list will usually result in lopsided math that favors repairing the the car you have, with some caveats.<\/p>\n

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Now playing: Watch this: When you should buy a new car instead of repairing yours<\/p>\n

                                                 9:46                                      \n<\/code><\/pre>\n
See the video above for in-depth discussion of repair versus replace, including a talk with CBS News Business Analyst Jill Schlesinger<\/a> who never met an unplanned expense she liked! But here's a summary of the pros and cons of repairing your current car:<\/p>\n
Why you would repair your current car<\/h2>\n