Compare the total cost of repairing your current car versus buying a new one. See if it's worth fixing or better to replace, considering negative equity, monthly payments, and repair costs.
Deciding whether to repair or replace your vehicle is a critical financial decision. As a general rule, if repairs cost more than half the vehicle's current value, it's usually better to replace it. However, this calculator considers your remaining loan balance, monthly payments, and potential negative equity to give you a complete picture. Many factors play into this decision including reliability concerns, safety features, and personal preferences.