economy

How to know when it's time to replace your car—start with this rule, experts say

With vehicles lasting longer and replacement costs rising, it can be difficult to know when a repair is worth it and when it's time to move on.

How to know when it's time to replace your car—start with this rule, experts say

TL;DR

  • Vehicles are lasting longer.
  • Replacement costs for vehicles are increasing.
  • It's difficult to know when a repair is financially worthwhile.
  • The decision point between repairing and replacing a car is becoming more complex.