Engine failure = Big decisions
When a vehicle engine “dies” an owner is left to face big financial decisions. Replace the engine, repair, or buy another vehicle altogether. There’s no one answer that fits everyone so what was best for one customer may not be best for you. Some questions that we offer to help consumers are:
- What is the overall condition of the vehicle? If your vehicle has other needed repairs that may be costly then replacing or repairing the engine may not be the best choice. If you know the vehicle needs tires and brakes, possible transmission problems, AC issues, rust, or neglected maintenance then replacing the engine may not be worth it in the long haul. However, if you have kept up maintenance and have no other known issues then replacing an engine would be more cost effective plus add value to the vehicle. Giving your car 3 or more years of driving may save you thousands in monthly car payments. Also keep in mind that you do not know the history of the replacement vehicle so you may end up putting money straight away into a used vehicle..
- What is the car’s value? If replacing or repairing the engine will cost more than the vehicle’s value then investing in a replacement engine may not make financial sense. If you still owe money on the vehicle then you need to take in account that as well.
- If you decide on buying another used vehicle we advise you to have our pre-purchase inspection performed. Our inspection gives the buyer an un-bias, pass fail report that you can take back to the seller to use for negotiations or to know right away to pass this vehicle up. This report also aides in getting a starting point established for maintenance upkeep and repairs that may be needed further down the road.
- If you decide on replacing or repairing the engine a couple key components to remember:
- Have the warranty on parts and labor clearly written on your receipt. If you travel, see if the warranty is a nationwide warranty or local only.
- If you plan on keeping the vehicle for several years see if there are service plans available that is cost effective.
Finally, make sure you understand why the engine failed. Overheating and lack of lubrication both are things that possibility could have been prevented. Bottom line, don’t ignore warning signs if you hear abnormal noises, leaks and always keep your maintenance up to date. Having your oil changes and mileage service intervals done when recommended is the best way to keep you and your vehicle safely on the road or as long as possible.
Watch our short video about our Pre-purchase Inspections