Car Needs a Transmission: What’s It Worth?
The Cost of a Transmission Replacement
The cost of a transmission replacement can vary depending on the make and model of your car, as well as the type of transmission that needs to be replaced. However, you can expect to pay anywhere from $2,000 to $5,000 for a new transmission.
In addition to the cost of the transmission itself, you will also need to pay for labor to have it installed. This can add another $500 to $1,000 to the total cost of the repair.
The Value of Your Car
The value of your car will also play a role in determining how much it is worth with a bad transmission. If your car is older or has a lot of miles, it may not be worth as much as a newer car with fewer miles.
You can use a website like Kelley Blue Book or NADAguides to get an estimate of your car’s value. Be sure to select the “rough” condition option when you enter your car’s information, as this will give you a more accurate estimate of its value with a bad transmission.
Should You Fix or Sell Your Car?
Once you know the cost of a transmission replacement and the value of your car, you can start to decide whether it is worth it to fix your car or sell it.
If your car is worth more than the cost of the repair, it may be worth it to fix it. However, if your car is worth less than the cost of the repair, it may be best to sell it.
You can also consider selling your car to a salvage yard. Salvage yards will often buy cars that are not worth repairing, and you may be able to get a few hundred dollars for your car.
Conclusion
The decision of whether to fix or sell your car with a bad transmission is a difficult one. However, by considering the cost of the repair, the value of your car, and your own financial situation, you can make the best decision for your needs.
