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Car maintenance costs by brand.
Car body repair estimate calculator
Is It More Financially Savvy to Repair Your Car or Replace It?
Facing car repairs can be stressful. Not only could a broken car leave you stranded on the roadside, but costly repairs could strain your budget.
As a result, you may consider skipping the repairs and shopping for a new car. But that might not be the best financial choice, depending on your situation. It’s important to evaluate several factors, including the frequency and cost of repairs, the vehicle's age, and the affordability of other cars.
Vehicle repair costs by makeThen, you can determine which option would be best for you.
Key Takeaways
- Americans are keeping their for 14 years on average.
- The average cost for maintenance, repairs and tires is 10.13 cents per mile, or $1,520 for every 15,000 miles you drive.
- The value of your car and the cost of a new are are among factors can help determine if you should repair or replace your car.
Americans Are Keeping Their Cars Longer
According to the Bureau of Transportation Statistics, the average age of passenger cars in 2024 was 14 years.
For light trucks, that average age
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