{"id":8866,"date":"2021-03-15T00:00:20","date_gmt":"2021-03-14T23:00:20","guid":{"rendered":"http:\/\/www.wheelsforwomen.ie\/?p=8866"},"modified":"2021-03-15T21:49:51","modified_gmt":"2021-03-15T20:49:51","slug":"repair-replace-time-trade","status":"publish","type":"post","link":"https:\/\/www.wheelsforwomen.ie\/index.php\/repair-replace-time-trade\/","title":{"rendered":"Repair or Replace, when is it time to trade up?"},"content":{"rendered":"<p><b><i><a href=\"http:\/\/www.wheelsforwomen.ie\/wp\/wp-content\/uploads\/2014\/07\/030713holts.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-8867\" src=\"http:\/\/www.wheelsforwomen.ie\/wp\/wp-content\/uploads\/2014\/07\/030713holts.jpg\" alt=\"030713holts\" width=\"600\" height=\"399\" srcset=\"https:\/\/www.wheelsforwomen.ie\/wp\/wp-content\/uploads\/2014\/07\/030713holts.jpg 600w, https:\/\/www.wheelsforwomen.ie\/wp\/wp-content\/uploads\/2014\/07\/030713holts-300x199.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a>When the cost of repairs exceeds the value of your car it is probably time to think about trading up writes Geraldine Herbert<\/i><\/b><\/p>\n<p>We may all relish the smell of a new car but the reality for most is quite different. But just because your car is old or has high mileage is not a reason to change it. Today\u2019s cars however are far more reliable than before so if it\u2019s not giving you any problems, hold on to it.<\/p>\n<p>Taking good care of your car is an easy way to prolong its driving life and cut costs. Do regular checks and servicing and ensure replaceable items are periodically changed according to manufacturer\u2019s recommendations; all will pay huge dividends in the long run.<\/p>\n<p>There comes a time, with even the most reliable car, when faced with another high repair bill you\u2019ll need to make a decision to repair or replace. But how do you know when is the right time?<\/p>\n<p>Essentially it\u2019s a trade off between depreciation and increased repair bills; if you sell too early you maybe forgoing a year or two more of stress free driving but leave it too late and reliability could become a serious headache.<\/p>\n<p>&nbsp;<\/p>\n<p>Before you pay for repairs consider the following<\/p>\n<p>\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Is the repair less than a few months\u2019 repayments on a new vehicle? If it is and it is unlikely that there will be additional repairs or maintenance costs in the near future, it makes sense to go ahead and get the repairs done. Repairs become an issue when they become a regular occurrence.<\/p>\n<p>\u2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 How much is the repair going to cost in relation to the overall value of the car? If you know your vehicle is only worth about \u20ac2,000, a costly repair, over 50% of the value, generally may not be worth it. However, you need to consider how long the repair will add to the life of your car. If you know the repair is something that\u2019s only a once in a while issue and will add a few years to the life of your car, it makes sense to get it done.<\/p>\n<p>Remember that it\u2019s better to make the decision to part with that car on your terms rather than waiting for it to break down at exactly the wrong time. If you make the decision while the car still has some value, you can sell it or trade it in, turning it into a down payment on your next car. If you also can take advantage of any incentives or deals being offered on new cars, you may find that a new car is within reach for you. It\u2019s hard to put a price tag on the peace of mind that a new car can bring.<b><\/b><\/p>\n<p><strong>Geraldine Herbert<\/strong><\/p>\n<p><strong>15th March 2021<\/strong><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When the cost of repairs exceeds the value of your car it is probably time to think about trading up writes Geraldine Herbert We may all relish the smell of a new car but the reality for most is quite different. But just because your car is old or has high mileage is not a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14732,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,117],"tags":[860,503,1533,1854,1855,1856],"class_list":["post-8866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-features","category-latest","tag-car","tag-featured","tag-geraldine-herbert","tag-repair","tag-replace","tag-trade-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Repair or Replace, when is it time to trade up? - wheelsforwomen.ie<\/title>\n<meta name=\"description\" content=\"When the cost of repairs exceeds the value of your car it is probably time to think about trading up writes Geraldine Herbert\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wheelsforwomen.ie\/index.php\/repair-replace-time-trade\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Repair or Replace, when is it time to trade up? 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