A car accident or serious mechanical issues can leave you with a challenging question to consider – do you repair the vehicle or buy a new one? This decision is particularly important for vehicle owners in Western Australia, where the cost of ownership, repair services, and regional access to parts can all vary. For many drivers, contacting car wreckers Perth can be a practical solution. They not only offer competitive cash payouts for damaged or unwanted vehicles but also provide access to affordable second-hand parts, helping you save on repair costs if you choose to keep your car.
This guide will take you through nine important aspects to think through so that you can arrive at an informed decision – from repair expenses and insurance considerations to the benefits of recycling with trusted Perth wreckers.
1Assess the Damage
The first step is to assess what the damage really means. Is it just cosmetic damage or is the damage structural, mechanical, or operational? In WA, if your car is declared a repairable write-off, you will still need to go through inspection processes before you can re-register and get it roadworthy again. Get a quotation from a registered mechanic or panel beater. Or better yet, get two or three quotes to compare.
Compare Repair Costs to Vehicle Value
If the repairs exceed the car’s current market value, it doesn’t make economic sense to repair it. It is generally desirable to replace the vehicle if the repairs cost more than 60-70% of the current market value.
Check Insurance Coverage and Excess
Your insurance policy is a significant factor. If you are fully insured, you need to check if the insurer covers the destruction and if the vehicle is a write-off, also including your excess. In instances where repairs are covered only partially or not at all, your out-of-pocket costs could be sufficiently significant to move on.
Consider the Age and Reliability of the Vehicle
When it comes to vehicles, age is more than just a number. As vehicles get older, they have a higher chance of developing persistent issues, especially with high mileages. If your car is at that point where it has seen better days and is not undergoing its first significant repair, in the long run, it may be cheaper for you to get a new vehicle. A newer car with a warranty might offer you a bit more reassurance.
Evaluate Your Budget and Replacement Options
There are instances when replacing a car makes more sense financially, but your finances might say otherwise. If repairing your vehicle costs significantly less than a complete replacement and will safely extend the life of your vehicle for at least another year or two, that is likely the most workable option for you right now.
Many dealerships in WA have trade-in deals or financing places to help you achieve an upgrade. As always, make sure you check options like these before going ahead with repairs.
Think About Safety and Roadworthiness
All vehicles in Western Australia must be safe enough to be road registered and driven legally. If you are replacing your damaged vehicle because safety features have been significantly compromised, then the only option may be to get another car, as this option may always be a safer solution. If you consistently travel long distances or remote locations, you need an option you can rely upon it.
Environmental Impact and Long-Term Costs
The potential long-term impacts in terms of the environment and your finances are also worth considering. An older, less efficient car could actually end up costing you more in fuel, maintenance, and emissions in the long run. Newer cars tend to use less fuel, emit fewer emissions, and may qualify for a rebate or discount depending on the vehicle and available government incentives.
Conclusion
Determining if a car should be fixed or replaced is often complicated. A simple mix of financial, logistical and emotional factors contribute to the process. The situation is even more complicated as regional differences in road conditions, distances travelled and access to repair and service means there are additional considerations. If it is wiser to replace the vehicle, make sure you explore WA-based trade-ins, wreckers or dealers to get a decent deal on your previous vehicle.