When your car transmission is on the fritz, it may conjure thoughts about expensive repairs or even a new vehicle, but there is a better option. Rebuilding a transmission can save you a lot of money over the short-term, while keeping car payments out of your monthly budget. For many, rebuilding their transmission is worth the initial cost.
Smaller Cash Outlay
Rebuilding a transmission may cost you twenty-five hundred dollars or more, which is a significant chunk of change. However, it pales in comparison to the cost of a brand new transmission or the purchase of a new vehicle. New transmissions can cost thousands of dollars more than rebuilt ones, and the down payment requirements for a new vehicle can be much more, depending on the vehicle you want. Rebuilt transmissions typically come with warranties, ensuring that you’ll get your money’s worth out of the unit.
Less Financial Strain
The cost to rebuild a transmission isn’t cheap, but you’ll be left with more money in the bank, if you decide to forgo purchasing a new unit. The same goes for purchasing a new vehicle, because monthly installment payments can make life more difficult. The net result of rebuilding a transmission being less financial strain on you and your family. The less debt that you go into, the better your finances will be over the long run. Over the short-term, you’ll have more disposable monthly income that you can use to invest or save for retirement.
Longer Vehicle Life
When you rebuild your transmission, you’re extending the useful life of your vehicle, which has a number of financial benefits. You defer car payments and interest on debt, when you make your used car last just a little longer. Most dealerships pay little to nothing for cars and trucks with faulty transmissions, but if your vehicle still has functional unit, you can get more money for it when you trade it in. Overall, extending the life of your vehicle has worthwhile financial benefits for you.
If you’re having transmission problems, you may be thinking that’s it’s time to purchase a new vehicle, but there are significant benefits to repairing you’re existing vehicle. For many, rebuilding their existing transmission is the best financial solution to their maintenance dilemma.