Repair older vehicle or buy new?

Discussion in 'POLLing place' started by ChevyFan, Nov 17, 2008.

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Repair or Buy New?

  1. Repair - The credit crunch makes it unfavorable to buy new

    34 vote(s)
    35.1%
  2. 50/50 - It just depends on how much work needs to be done.

    53 vote(s)
    54.6%
  3. New - I'd rather have a new reliable vehicle than worry about my old vehicle

    10 vote(s)
    10.3%
  1. ChevyFan

    ChevyFan Administrator Staff Member 1000 Posts

    Given the current economic environment, I'm just curious if you would rather fix your existing vehicle, even if the repairs might be costly, or buy a new vehicle?
    1 person likes this.
  2. Akula682

    Akula682 New Member

    I went with the 50/50, it just depends on how much work needs to be done and how much work you want to put into it... as soon as i get the chance i am going to rebuild an old F-100, Old Mustang, and an Old Bel Air (53-57) and an early 50's model Chevy Truck... here is the twist, I am going to put Diesel engines in all of them.
    1 person likes this.
  3. bry2500

    bry2500 New Member 1000 Posts 100 Posts

    went 50/50. The credit crunch can actually benefit the purchase of a new vehicle. If you have the ability to get a new vehicle the prices are lower and if you credit score is good the financing options are really great right now. but if you don't fit into this category fix it. Sometimes nothing beats a good old truck!
  4. tlperry68

    tlperry68 New Member 1000 Posts 100 Posts

    I am doing my part to keep the economy flowing. My last F-150 was barely 2 years old when I dumped it. I'll keep this for a couple more years and get another one. Just a 3500 instead of the 2500.
  5. dwill3015

    dwill3015 New Member 1000 Posts 100 Posts

    Voted 50/50.
  6. CoolBlueSS

    CoolBlueSS New Member

    I went with repair it, but I guess it would really depend. If it's an old beater that you really don't care about then replace it. But, most of us probably become attached to our vehicles, as enthusiasts. I will never again buy new, though.
  7. Mikes90burb

    Mikes90burb New Member

    I agree, tho im more partial to fixing the old girl up. ( the truck ....not the wife ) . It may take a long time and some money. But the pride you have in fixing it up and doing your own personal touches on it are priceless.
  8. 00z71

    00z71 New Member

    I voted 50/50 as well. Working as a tech in a GM Dealership i see both sides of this question. Alot of customers are hesitant to dump money into an older vehicle and rather cut their losses and trade off for either a new or gently used vehicle. Myself I am very attached to my Z71 and would and will fix whatever ends up breaking.
  9. MrShorty

    MrShorty Moderator 1000 Posts 100 Posts

    I vote for repair, though it doesn't have anything to do with the credit crunch (I pay cash for my vehicles). Basically every time I put pencil to paper, I figure that $30k to buy new will buy an awful lot of parts and labor to fix up the one I've got.

    Buying used throws a wrinkle into the analysis, but I usually find I would either be spending a lot more than it would cost to fix or I could be buying something with the same # of miles and all the possible issues that come with a "new" used car.

    Usually the only reasons I find for me to buy another car is when the existing one no longer meets my needs or if it's collision type damage that often is difficult to get fixed right.
  10. BurbStone

    BurbStone New Member

    I'd say it depends. I am not too handy, nor do I have much time, but if I am comfortable with it, I'd rather go used and save the money.

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