As a vehicle gets older and racks up the miles, it may require more frequent repairs. At what point should you consider replacing the car altogether? While Cadillac repairs suffice in most cases, there’s a threshold where you need to contemplate replacement. Here are some ways to know whether to repair or replace your Cadillac vehicle.
When to Replace Your Vehicle
A good general rule is the “50 percent rule.” If repair costs exceed 50% of the car’s value, then it’s better to replace it. You can get the value for your car model and year by going to sites like Kelley Blue Book or Edmunds and using their appraisal calculator.
Reasons for Repairs
The 50 percent rule is a good starting point, but there are other factors to consider. For example, if your budget doesn’t allow for a new car purchase, then repairs are the logical step. The car may also have sentimental value — perhaps it was a gift from a significant other or you have many fond memories of family trips. Some car owners also choose repairs to avoid the depreciation of a new car by continuing to invest in their current vehicle.
Reasons for Replacement
Even if the 50 percent rule doesn’t apply, there are other reasons that may warrant a replacement. Consider these variables:
- Problems have been stacking up on your vehicle, and you’re concerned that more expensive repairs will be needed soon
- You want a new vehicle with current-year safety and infotainment technology
- You have a growing family and need a vehicle that can accommodate more passengers and cargo
Repair or Replace Your Cadillac Vehicle in St. Augustine, FL
Our dealers and technicians at Fields Cadillac St. Augustine can help you make an educated decision based on your car’s condition and your budget. If you choose to replace, you can simplify the process with a trade-in. Schedule an appointment today!
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