// Tool
Fix or sell calculator
Plug in your numbers. We'll calculate whether fixing makes financial sense or if it's time to move on.
Your numbers
$1,200
$100$10,000
$8,000
$1,000$40,000
$0
$0$30,000
36 mo
1 mo120 mo
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Recommendation
It depends
SellFix
Repair vs value
15%
Reasonable
Your equity
$8,000
Positive
Repair cost
$1,200
Medium
How we calculate this
The 50% ruleIf the repair costs more than 50% of the car's value, it's rarely worth it — unless you have sentimental or practical reasons to keep it.
Equity checkIf you're underwater on a loan (owe more than the car is worth), selling may not be the clean break you expect. Factor in payoff costs.
Ownership lengthRepairs on newer vehicles you've owned less than 12 months may be a warranty or lemon issue. Check before paying.
What you're replacing it withA used replacement has its own unknown problems. A known repair on a car you trust can be the safer bet.
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