Is it better to buy a new car or replacing used engine?

Engine is a central component of your car. There is an internal combustion engine which is a complex device and use to transform the fuel into motion. To keep the car engine in good condition, you need to maintain it on regular basis. By following some techniques you can easily increase the life span of your engine like, changing the oil and air filter, maintaining the level of coolant and keep the engine parts clean.

If you are having a difficulty is deciding whether to buy a new car or replacing used engine? You can decide this on the basis of various factors which include the car’s condition, repairing cost vs. new car cost and long term requirements. Here are the key points for you to consider making a decision:

Key Points to Consider Making Decision

Evaluate Condition of Your Current Car

• If the age of your car is 10+ years and it is at the end of its lifespan then you must go for a new car; as it makes more sense.
• You must consider the other major component s of car, as well. If the engine is the only issue then replacing it with the used engine is the better option to be considered.
• You must inspect your current vehicle for any sort of rust or body damage issue which could indicate that replacing engine is not a better investment.

Cost Comparison

• The major issue is always the price. The price of used engine and labor will cost you around $2,500-$7,500. It depends on the model of your car and mechanic charges.
• On other hand, new car will cost you around $20,000-$50,000 and more. And if you are financing it then consider the interest rates and monthly payments, as well.
• Insurance will also cost you hefty amount as the new car comes with high insurance premiums.
• No matter what but new cars are losing its value quickly as compares to vintage cars whereas a repair car is already depreciated, so that won’t be the concern for you.

Longevity and Reliability

• Replacing used engine will increase the life span of your car for few years.
• New car offers warranty and reduces the maintenance concerns, as you can rely on it.
• Used engine comes with a risk factor of mechanical issues down the line; you can’t rely on long term.

Financial Situation

• If your finances don’t allow you a new car then replacing used engine is the best choice.
• If you have stable finance then go for a new as it gives the innovative technology.

Personal Needs

• You will find the latest safety features and technology in newer car.
• If you are highly dependent on your car for daily routines then reliability must be your top priority.
• The memories with your current car can make you opt for replacing used engine as it is more appealing.

In The End

In summary, we conclude that, if your car is in good condition and replacing used engine cost is significantly less than the price of a new car. And you are not ready for a major financial commitment then you must for repairing with used engine. The new engine will cost you more than the car.