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Rebuild Your Engine or Purchase a New Car?

Jul 31, 2008
For car owners, one of the worst things that can happen is that their engine blows out. If you have an older car and have been used to not having to make car payments, this can be doubly troubling because in many cases, it means that it's time to go out and purchase a new car. However, further investigation shows that this may not necessarily be the case. There are other options besides getting rid of the car and buying a new one. One of those options includes getting the engine rebuilt. In some cases this makes sense, in other cases, it does not. What one needs to do is take a close look at their situation and see which way makes best financially.

The advantage of using a rebuilt engine instead of purchasing a new car is obviously, not having to make car payments every month. Other advantages include the high quality of a re-built engine. They can be just as good, if not better, than the original one. They are also friendlier for the environment because they use recycled parts, and they have to be compliant with pollution standards. They also typically come with short warranties. So individuals can have any problems that come up, fixed.

If one's car is in pretty good shape and the only problem is the engine, then it may be good idea to simply purchase a rebuilt engine instead of buying a new vehicle. Because new cars often come up with unexpected costs, depreciate very fast, have more expensive insurance rates and taxes, it can be much cheaper to simply replace the engine instead of going out and purchasing a new car. Engines that are rebuilt also then get better gas mileage and this is even more advantageous considering the price of gas these days.

If one considers only price, they will find that a new car can be very expensive, especially when you consider all of the above costs. Suddenly, the $2500-$3000 that is necessary to get an engine re-built, doesn't seem as steep. Again, this is only the case, if you are confident they your car is in pretty good shape and the only problem is engine.

Depending on whether or not you are good with cars, you can rebuild the engine yourself and install it in your car. For those that have no desire do so, they can have it rebuilt professionally and it typically comes with a warranty that covers 12,000 miles or one-year. You will find some warranties that will cover the car for either three years or 36,000 miles. The best way to find a really good deal is to simply call around.

Discovering that one's engine has suddenly failed can be very distressing, especially if you really can't afford to be without a car. You will need to decide if you need to replace your car or if you simply need to get the engine rebuilt. A lot of this will be dependent upon the shape of the car and the cost of the repairs, as well as how much it will cost to purchase a new or used vehicle. It basically comes down to dollars and cents and what makes more sense financially for a particular individual.
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