So you own an old vehicle that’s due for yet another pricey repair? Then you’re likely at a crossroads: Should you sink more money into it or sell it to a junkyard? If you’re attached to your ride, that can be a tough call. At Ace Auto Parts, we’re here to help.
Below, we’ve outlined what you need to consider to determine whether to fix your old automobile or sell it to a salvage yard and have it towed away.
Long-Term Maintenance Costs vs. Cost of a New Vehicle
How much money did you invest in vehicle repairs and maintenance over the last year? And perhaps more importantly, how much more money do you anticipate spending this year if you keep your current ride? Don’t just think about parts replacements and repairs; think about all the money you’ve spent taking care of your vehicle in the last 12 months. Don’t forget to consider:
● Oil changes
● Belt changes
● Fluid flushes
The older your current vehicle gets, the more frequently it’ll need service, so if you keep it, be ready to sink more and more money into it as it ages. Compare those potential costs (both maintenance and repairs combined) with the cost of purchasing a new car. Which makes more sense financially? Do that.
Reliability of the Vehicle
How often does your old car or truck have problems? If it’s not very reliable and you’re frequently in need of alternate transportation, it may be in your best interest to sell it to a salvage yard. After all, the last thing you need is a breakdown on the side of the freeway or a junk vehicle sitting out back for years. Letting go of a historically unreliable ride now will allow you to avoid inconvenient breakdowns and more expensive repairs down the road.
Availability and Price of New (or Used) Car Parts
Can you get your hands on the parts you need to fix your current vehicle? If so, are repairs cost prohibitive if you opt for new parts? If that’s the case, you can almost always find discount auto parts at a salvage yard.
However, since inventory at yards can vary considerably and it’s always fluctuating, you may need to wait a while to get the part you need. If your current vehicle is decades old and you’re having difficulty finding the appropriate parts be honest with yourself about whether it’s worth the frustration of a continued and possibly lengthy search. Or, if you can get the parts but they’re super expensive, ask yourself if it’s really worth the cost.
Current Value of Your Vehicle
Last but not least, if you fix your junker and keep it, how much will it be worth? Can you sell it to someone for a decent price when you finally decide to let it go? If the value of the vehicle will only continue decreasing as it ages — and you’ll end up moving farther into the red if you keep it — it’s time to seriously consider selling your ride to a salvage yard.
Ready to Get Rid of Your Junker? Let Ace Auto Parts Take It Off Your Hands
If you own an old junker that you’re looking to sell, our team at Ace Auto Parts is ready to buy it! Just give us a call, let us know where to come pick up your old car, and we’ll come to your location and take care of the rest. We offer free towing throughout the Twin Cities area and pay cash for junkers upon pickup. Or, if you’re on the hunt for used, discount auto parts to fix up your ride, check out our parts inventory to see if we have what you need!
To get started, call our St. Paul office today at 651-717-4299 or contact us online with any questions or concerns, and we’ll be in touch promptly.