Even though we all want a new, good-looking car with a lot of features, the statistics show that about 85% of new vehicles in the U.S. are financed, and the average loan term for new cars is 70 months. This leads to the conclusion that a new car is often a huge financial burden that we carry for years. Financial experts recommend spending no more than about 10% to 15% of your monthly take-home pay on an auto loan payment. Ideally, we need to invest somewhere around 15%–25% of our post-tax income to pursue our dreams and retire with confidence.

Let’s face reality: if we're barely saving anything, buying a new car is not a healthy financial decision, especially considering depreciation and overpayment in interest. In summary, buying a new car for the majority is not an asset, it’s a liability.

Why replace the engine or transmission instead of buying another used vehicle for the price of an engine swap?

It’s definitely an option, but buying a used vehicle is buying a pig in a poke. You might get lucky, but you might not. Because you never know how the vehicle was driven - was the previous owner revving it all the time or driving it normally? It’s important to request maintenance records, but again, when getting a used car, you are taking your chances with potential mechanical issues a few months after the purchase, especially with high-mileage vehicles.

What are the benefits of replacing the engine or transmission in my car?

1. You know your vehicle—you know how it was driven, and you know how it was maintained. You're already used to the car, and you know all of its details and features.

2. You save money on title, licensing, and dealership fees. When buying a brand new car, you're basically paying for the body, electronics, and features as well.

3. You add value to your car, so you can sell it for much more when you need to.

4. With the remanufactured engine and transmission replacements that we offer, you are protected with a 3-year/100,000-mile parts and labor warranty. For a smaller budget, we offer used engine and transmission replacements with a warranty of up to 3 years. Just keep it maintained, and we've got you covered. We look forward to seeing you for an engine replacement at ABC Auto Repair!