Repair your car or replace it?

What makes most sense?

Repair your car or replace it?

What makes most sense?

Damage to your car, technical defects and mechanical problems can occur sooner than you might think. Repair bills are often hefty. But so is the cost of buying a new car, which can seriously eat into your budget. So what makes the most sense? Having your car repaired or buying another one?

Keep your current car to limit running costs

Continuing to drive your present vehicle is often the cheapest solution. Running costs for a new car like paying pricier premiums for comprehensive insurance can be higher for a start. Sticking with your old car with less worries about the odd scratch could be less stressful than buying a new one. Repair costs might be pricey, but you could also still get several happy years out of your old faithful wheels. 

Going briefly overdrawn on your account or taking out a personal loan may help cover vehicle repair costs. That way, your savings stay intact and you're always sure of having money available to you when you need it. Learn more about our overdraft facilities and personal loans and work out how much it would cost you every month.

When's it better to buy another car?

A lot of drivers replace their cars too quickly because they want the latest or a nicer model. Bad experiences with sky-high garage bills can also be the cause, though this is an overly used excuse. That said, there are many times when buying another car is the way to go. All too often visits to the garage, excessive oil consumption (over a litre per 1 000 kilometres), unusual gearbox noises or a slipping clutch are just some of the signs that it could be time for a change.

Big outlay but numerous benefits


Buying a car – new or second-hand – is a major investment. There are lots of advantages though. New or nearly new vehicles usually last longer, with even smaller petrol cars easily able to clock up high mileage. Newer cars are also less likely to break down, plus they're much safer than older ones because they have the latest airbag, parking sensor and pedestrian detection systems. 

Buying a new or second-hand car can take a big chunk out of your budget. That's where one of our car loans comes in, with no unpleasant surprises as the interest rate on your loan never changes. That means you always know what you have to pay off every month and that amount stays the same for the full term of the loan. If you buy a new car or second-hand car that is no more than three years old, you can get a loan from us for up to 110% of the total purchase price (including the VAT charged). That can help cover the cost of things like comprehensive insurance.
Learn more about a personal loan with us and work out how much it would cost you every month.

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