Should I Scrap My Car or Fix It? Your Easy Decision Guide
When your car begins to show signs of wear and tear. A common question pops into our minds: “Should I scrap my car or fix it?”
This choice of scrapping a car depends on various factors. Sadly, there’s no one right answer for everyone. Many car owners find themselves dealing with this tough decision. Before making a decision, take some time to weigh your options.
Let’s explore the factors that come into play when making the right decision for your used vehicle.
Should I Scrap My Car?
Scrapping your car can be a great choice for various reasons. One common situation is when your car is really old, has a lot of mechanical problems, or is too damaged to fix.
If you find yourself in such a situation, knowing how to scrap your car can be really helpful.
According to the Australian Bureau of Statistics reports, there are approximately 20.1 million registered vehicles on Australian roads. The ratio means there’s about 1 car for every 2 residents.
Many of these cars are more than 10 years old. Which leads to high repair costs once the manufacturer’s warranty expires. As cars age, they can end up costing a lot in repairs. The cost of fixing the car might be more than its actual value.
That’s when scrapping becomes a more cost-effective option.
Should I Fix My Car?
Deciding between fixing or scrapping your car needs careful thought. You should understand your car’s condition and its value.
Regularly taking care of your car and fixing small issues can make it last longer. Regular car maintenance is a smart investment.
Nevertheless, there can be convincing reasons to fix your car. If the vehicle holds sentimental value or the cost of repairs is manageable. Fixing it could be the better option.
Talking to a reliable mechanic is important. They can give you a realistic idea of how much the repairs will cost. Compare this cost with what your car is worth if you sell it as scrap.
This helps you make a decision – should you fix it up or scrap it?
These are some simple reasons to help you decide whether you should scrap or fix your car.
Deciding to Fix Your Car or Scrap It: 4 Key Factors
If you still find yourself uncertain, let’s go into the details of whether to fix your car or scrap it.
1. Compare Monthly Car Payments vs. Maintenance Costs
To make this comparison. Calculate how much it cost you to maintain your current vehicle over the past year.
This includes regular maintenance like oil changes and tune-ups, as well as any unexpected visits to the auto shop. Take that total, divide it by 12. You will know your monthly maintenance cost.
Now, compare that to how much your monthly payments would be if you bought a new or secondhand vehicle.
Sometimes, getting a new vehicle might be more affordable than constantly fixing an old one.
2. Track Your Repair and Service History
Knowing the history of your car’s repairs and services helps you decide if it’s better to fix or get rid of it. A well-maintained car is likely to have a longer lifespan and may be worth fixing.
Firstly, consider what work has been done on your car so far. If any major repairs have been completed recently. Those parts are likely to stay good for a long time. Saving you money on future fixes.
However, if potential issues are coming up. You should think about it’s a good idea to fix it.
3. Look at Overall Health of Your Vehicle
The overall condition of your vehicle is a significant factor in deciding whether to scrap or fix it.
If your car is showing serious problems like rust or structural issues. It is a good idea to consider scrapping it.
Normally, a car’s body lasts for about 20 years. Yet, rust can quietly damage less noticeable areas. Causing hidden issues.
As you think over the question, “Should I junk my car or fix it?”. Remember that essential parts may be getting worse without your knowledge. Like fuel lines, brake lines and other hidden parts.
So, it’s important to assess the overall health of your vehicle before making a decision.
4. Check Safety Features of Your Vehicle
Safety should always be a priority when considering the future of your vehicle.
Your vehicle’s safety is important. Does your car have all the necessary safety features such as airbags, functioning brakes, tires, and seatbelts?
It’s risky to drive in an unsafe car.
Additionally, modern cars have advanced safety tools like backup cameras and electronic stability controls. If your current vehicle doesn’t have these. Think about whether it’s better to repair it or get rid of it.
Fix Your Car Or Scrap It? ──── Decision Checklist
Car Value
Assess the current market value of your car.
Research the potential resale value if you were to sell it in its current condition.
Repair Costs
Obtain estimates for the cost of necessary repairs.
Compare repair costs with the current value of your car.
Lifespan Extension
Determine how much longer the repairs can extend the life of your car.
Consider the long-term investment value of the repairs.
Maintenance Expenses
Calculate the ongoing maintenance costs of your current vehicle.
Compare these costs to potential monthly payments for a new or secondhand vehicle.
How much do you get for scrapping a car in Australia?
The average scrap value of your car across Australia sits at approximately $500. These estimates are based on the average prices for scrap cars as of 2024.
Let’s break it down.
On average, smaller cars typically fetch around $200 to $300. While sedans can bring in $250 to $400. If you have a heavier vehicle like a truck or SUV. You may get between $450 and $600.
So, if you’re thinking about saying goodbye to your old vehicle. You can easily earn some decent cash in return.
Vehicle Type
Estimated Scrap Value Of Your Car
Smaller Cars
$200 – $300
Sedans
$250 – $400
Trucks and SUVs
$450 – $600
Reach Out to Best Scrap Car Removal Services
If you decide that scrapping your car is the best option. Consider using a scrap car removal service.
These services give you a fair price for damaged cars that are not in great shape and may not sell well in the secondhand, used car market.
For example, West Coast Metals provides the most reliable scrap car removal service in Perth. They not only offer cash for cars but also ensure that you get the best deal for your vehicle. They carefully assess the scrap metal value, usable parts, and electronics to determine a fair price.
When you’re ready to part ways with your old car. A scrap car removal service makes the process easier and makes it more profitable. So, contact them today and get the most value for your scrapped car.
Final Words
In the end, whether you decide to fix your car or to let it go. It’s about making the choice that aligns with your financial and personal situation.
Get Cash for Your Old Car
Ready to turn your old car into cash?
At West Coast Metals, we provide top-notch cash-for-cars services to make the entire process easy for you.
Don’t miss out!