Should I Buy a New Vehicle or Repair

If you’re not sure about whether to repair the vehicle you have, or just buy a new one, Eagle Transmission is here to help. To assist you in making this important decision, we’ve created a list of options for you to choose between.

  1. Junk the vehicle or just let it sit

If your car is 20 years old or more and has over 275 thousand miles on it, the price of a transmission repair or replacement will more than likely be more than the worth of the car. In this case, it’s generally not worth repairing the car unless it holds sentimental value. Owners of newer cars may also find themselves in the position of making this decision. For instance, transmission repair or replacement for a CVT in a 2005 Ford Freestyle could potentially cost between 3 to 4 thousand to fix, while the worth of the vehicle is less than 4 grand at the time of transmission failure.

  1. Trade in your car to a dealer or list it on Craigslist

A dealer will pay you a very small amount, typically around $500 to $1,500) for a car with a failed transmission, depending on the make/model, how old the vehicle is, the mileage, and the value of the vehicle. The dealer can typically have a transmission shop do minor repairs or even replace the transmission with a used unit to get the car running again. Alternatively, you have the option to list the vehicle for sale on Craigslist or other online avenues. Some repair shops, junkyards, dealers, and hobbyists often buy cars with bad transmissions to either repair or scrap them for the usable parts.

  1. Purchase a used transmission via a local shop

Some general repair hops will purchase and install a used transmission in your vehicle. This can be a less expensive option, however, you’ll pay a markup to the shop for the service of “sourcing” the unit and for the labor of installing the unit into your vehicle.

  1. Purchase a used unit online or from a junkyard

You can purchase a used transmission yourself from a local junkyard or online and have it shipped to a transmission shop for installation. This can be a more reasonable option financially, however, there are drawbacks such as the lack of warranty on these transmissions. There’s no protection for you if the unit fails once it’s installed in your car.

  1. Transmission rebuild by a local transmission repair shop

One of the most popular choices is to have the vehicle’s transmission repaired by a local transmission shop. The technicians will remove the transmission from the vehicle, take it apart, and fully inspect each component to determine where the failure is. Any broken or worn out parts, along with worn out bands, seals, gaskets, and solenoids, will be replaced and put back together before re-installing the now repaired unit back into your vehicle.

The cost of the average rebuild will typically range from $1,500 to $2,500, depending on the make/model and what needs to be repaired or replaced. The price, therefore, can vary as it depends heavily on what exactly the problem is and what caused the transmission failure. The final price may ultimately be higher or lower than the original quote as it’s nearly impossible to determine the extent of the damage until the transmission has been removed and disassembled. Another potential downside is that there’s no way to tell if the transmission shop did a complete repair or just a patch job to get you back on the road. This is why it’s vital to choose a reputable transmission repair shop, such as Eagle Transmission, that will provide you with quality, warrantied repairs at an honest price.

  1. Purchase a remanufactured transmission through a transmission shop

Another popular option is to purchase a remanned transmission and have it installed. This can be a more convenient option as the transmission shop generally handles the entire process, however, like with the used transmission purchase option we discussed above, you’ll pay a markup for services required to find and install the unit.

  1. You can purchase a remanufactured transmission through a dealer

You can also purchase a remanned transmission through your dealer, however this is usually the most expensive option as the cost of the unit itself and the labor is generally overpriced.

Whether you choose to repair, rebuild, or replace your transmission, or simply sell your vehicle, Eagle Transmission is here to help you examine all the options and make a confident decision.