Perhaps this scenario is familiar to you. Your car broke down and now you’re faced with a costly repair bill. It may not have been the first time this has happened and you’re getting tired of pouring money into an aging machine. A new car would be nice, but is that the smartest decision in today’s inflated market? As new and used vehicle transaction prices continue to hit record highs, many owners are asking themselves: “Should I fix my car or trade it in for a new one?”
The average 12-month repair and maintenance cost for a 5-year-old vehicle is $205 and increases to $430 for a 10-year-old vehicle, according to a 2020 survey from Consumer Reports. But if you’re one of the unlucky ones who had a catalytic converter go bad or get stolen, it cost an average of $1,383 to repair, according to a 2021 report from CarMD. It may not seem like much, but there’s no guarantee that another problem won’t rear its head in the future.
The answer will differ for everyone based on the repair costs, age of the vehicle, comfort level with driving an older vehicle, and more.

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Here are some pros and cons for each option to help you make a more informed decision.
Arguments for fixing your car
If buying a new car doesn’t fit your budget right now, or you prefer to let the market cool off, it might be a good idea to fix your car to get a bit more life out of it and avoid making a hasty car purchase. Generally speaking, it is almost always less expensive to repair a car than to buy a new one, even with something as severe as an engine or transmission rebuild.
And you’d still need to consider the monthly payment, which is $637 on the average new car with a 70-month loan, according to the latest Edmunds data. Used cars might not be much relief either, as the average payment hit a record $535 in late February. On a new car, insurance and registration fees will be higher than for your current vehicle, so you’ll need to plan for that as well.
Arguments for buying new
Old cars can be unpredictable. If you’re tired of the constant visits to the repair shop and the maintenance costs are getting out of hand, it may be time to buy a new one. Similarly, if the car leaves you stranded often, causing you to be late for work or putting you or your family in a potentially dangerous situation, the new car can bring you much-needed peace of mind.
You won’t have to worry about paying for repairs for the duration of the new car warranty, roughly three years or so. And major repairs are not likely to occur for a few years past that. Even opting for a more reliable used car, such as a certified pre-owned vehicle, can be enough to calm those nerves.
Finally, the new car will also be much safer, both in terms of its rigidity, crumple zones and modern safety equipment. Features such as automatic emergency braking, backup cameras and blind-spot monitoring are increasingly becoming standard on new vehicles.
Extend the life of your car
If you are not yet faced with making the tough decision to fix up or trade in your vehicle, there are a few steps you can take to prevent or avoid costly repairs.
Get your new car maintained at its proper intervals to avoid problems and breakdowns. Use your owner’s manual to learn the recommended service intervals for your vehicle. Maintaining a much older car means paying close attention to items that commonly break down. We recommend finding a good, reliable local mechanic as a less expensive alternative to a dealership service department.
If you’re experiencing problems with your car and don’t know whether things are likely to get worse, look for advice on message boards and forums for the make and model of your car. Other people have probably been down this road before you. You can get a preview from them of the problems associated with your vehicle as it ages.
Bottom line
Buying a new car might seem like the easy way out of a high repair bill, but depending on your circumstances, it may not be the best financial decision. On the other hand, if the fear of being left stranded keeps you awake at night, it is better to part ways on your terms rather than waiting for it to break down at an inopportune time.
Average yearly repair and maintenance cost
$205: 5-year-old vehicle
$430: 10-year-old vehicle
Figures above from 2020 Consumer Reports survey
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What kind of data is your car collecting about you?
bogdanhoda // Shutterstock
Cars have catapulted into the future faster than almost anything else, adding features at a rapid rate and growing more complex. With each year’s model releases, vehicles include more sophisticated electronics and other features.
Cars originally had almost no features apart from, well, the driving itself. They didn’t even have headlights. But in the more than 100 years since cars began appearing on the road, automakers have raced to make cars more comfortable, more user friendly, and more appealing to drive. That includes simple things we take for granted now like the ubiquitous car radio.
But the upgrades also increasingly include a variety of technologies that are always proverbially “watching” and gathering data. Even insurance and mobile phone companies have hardware that monitors how you drive as a way to develop a behavioral profile of you.
What the data being collected on you is used for can vary in some surprising ways. According to the Washington Post, some of this data can be used to collect debts. Another slightly more alarmist report suggests information may also be shared with law enforcement agencies, presumably without driver consent. According to a McKinsey & Company report, data can also be sold to third parties for a number of purposes, including the continued development of technology aimed at adapting to each driver’s individual driving habits.
The report further noted just how ubiquitous connected technology will be in automobiles soon, saying, “By 2030, about 95% of new vehicles sold globally will be connected, up from around 50% today.” If true, this would be a remarkable uptick in a short time. To manage such a tremendous flow of raw data, the report estimates manufacturers will need to support access to 1 to 2 terabytes of data per car each day.
Stacker compiled a list of common data types cars collect about their drivers from news stories, expert accounts, and management consulting reports. That includes simple data—like the feedback from the sensors that already dot the car to monitor its component parts—or the car’s location as determined by global positioning satellites (GPS). It also includes more sophisticated forms of monitoring, such as in-car cameras and composite images from the car’s exterior radar sensors. Of course, there are the basic facts of how you drive. Are you speeding? Are you braking too hard?
Your car is always watching.
You may also like: How Pride is celebrated around the globe in 25 photos

bogdanhoda // Shutterstock
Cars have catapulted into the future faster than almost anything else, adding features at a rapid rate and growing more complex. With each year’s model releases, vehicles include more sophisticated electronics and other features.
Cars originally had almost no features apart from, well, the driving itself. They didn’t even have headlights. But in the more than 100 years since cars began appearing on the road, automakers have raced to make cars more comfortable, more user friendly, and more appealing to drive. That includes simple things we take for granted now like the ubiquitous car radio.
But the upgrades also increasingly include a variety of technologies that are always proverbially “watching” and gathering data. Even insurance and mobile phone companies have hardware that monitors how you drive as a way to develop a behavioral profile of you.
What the data being collected on you is used for can vary in some surprising ways. According to the Washington Post, some of this data can be used to collect debts. Another slightly more alarmist report suggests information may also be shared with law enforcement agencies, presumably without driver consent. According to a McKinsey & Company report, data can also be sold to third parties for a number of purposes, including the continued development of technology aimed at adapting to each driver’s individual driving habits.
The report further noted just how ubiquitous connected technology will be in automobiles soon, saying, “By 2030, about 95% of new vehicles sold globally will be connected, up from around 50% today.” If true, this would be a remarkable uptick in a short time. To manage such a tremendous flow of raw data, the report estimates manufacturers will need to support access to 1 to 2 terabytes of data per car each day.
Stacker compiled a list of common data types cars collect about their drivers from news stories, expert accounts, and management consulting reports. That includes simple data—like the feedback from the sensors that already dot the car to monitor its component parts—or the car’s location as determined by global positioning satellites (GPS). It also includes more sophisticated forms of monitoring, such as in-car cameras and composite images from the car’s exterior radar sensors. Of course, there are the basic facts of how you drive. Are you speeding? Are you braking too hard?
Your car is always watching.
You may also like: How Pride is celebrated around the globe in 25 photos

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What kind of data is your car collecting about you?
trekandshoot // Shutterstock
In the 21st century, cars are hip to the latest features, from quality-of-life improvements, such as backup cameras and keyless start, to the newest technical safety improvements. At one time, it was novel and exciting something like OnStar could identify where your car was and send help for you in the event of an accident. The location is collected to streamline the use of any onboard satellite navigational system.
But now location data can be sold and used by outside companies for any variety of purposes. Perhaps more importantly than your location at any individual time, it includes your patterns of locations over time—data that can form a “heat map” of where you go and when.
trekandshoot // Shutterstock
In the 21st century, cars are hip to the latest features, from quality-of-life improvements, such as backup cameras and keyless start, to the newest technical safety improvements. At one time, it was novel and exciting something like OnStar could identify where your car was and send help for you in the event of an accident. The location is collected to streamline the use of any onboard satellite navigational system.
But now location data can be sold and used by outside companies for any variety of purposes. Perhaps more importantly than your location at any individual time, it includes your patterns of locations over time—data that can form a “heat map” of where you go and when.
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What kind of data is your car collecting about you?
Kaspars Grinvalds // Shutterstock
“Component” is just a fancy word for car parts. Over the decades, car component monitoring has grown more advanced, from a “check engine” light to a buffet of icons and colors. That’s because more car parts have sensors inside them. Tires indicate when they’re low, the battery knows when it’s dead, and the oil reservoir raises a flag when it’s empty. From there, it is a short trip to record that data over time, allowing one data collector to know how your entire car is doing at any given time.
Kaspars Grinvalds // Shutterstock
“Component” is just a fancy word for car parts. Over the decades, car component monitoring has grown more advanced, from a “check engine” light to a buffet of icons and colors. That’s because more car parts have sensors inside them. Tires indicate when they’re low, the battery knows when it’s dead, and the oil reservoir raises a flag when it’s empty. From there, it is a short trip to record that data over time, allowing one data collector to know how your entire car is doing at any given time.
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What kind of data is your car collecting about you?
Mike Kuhlman // Shutterstock
A reporter for the Washington Post “hacked” his 2017 Chevrolet Volt with the help of an expert on car computers to find out how the car was collecting data. The pair discovered the car recorded virtually everything—including a variety of stuff that is honestly inexplicable, such as photos. The car also recorded when different phones were nearby to extrapolate which “user” was driving at the time.
To find out if they were somehow alone in this miasma of compromised privacy, the pair purchased a stranger’s old car computer on eBay to make a comparison. What they found quickly verified what they already knew: “We know he or she (the previous owner) frequently called someone listed as ‘Sweetie,’ whose photo we also have. We could see the exact Gulf station where they bought gas, the restaurant where they ate (called Taste China), and the unique identifiers for their Samsung Galaxy Note phones.”
Mike Kuhlman // Shutterstock
A reporter for the Washington Post “hacked” his 2017 Chevrolet Volt with the help of an expert on car computers to find out how the car was collecting data. The pair discovered the car recorded virtually everything—including a variety of stuff that is honestly inexplicable, such as photos. The car also recorded when different phones were nearby to extrapolate which “user” was driving at the time.
To find out if they were somehow alone in this miasma of compromised privacy, the pair purchased a stranger’s old car computer on eBay to make a comparison. What they found quickly verified what they already knew: “We know he or she (the previous owner) frequently called someone listed as ‘Sweetie,’ whose photo we also have. We could see the exact Gulf station where they bought gas, the restaurant where they ate (called Taste China), and the unique identifiers for their Samsung Galaxy Note phones.”
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What kind of data is your car collecting about you?
Velimir Zeland // Shutterstock
If your car has a now-common backup camera, you know there’s one camera on your car. But now, it’s likely there’s also a camera inside your car that’s pointed at your face. It can check your emotions are based on your expression. It can also see whether you’re looking at the road while you drive and alert you to get your eyes back on the road via onboard indicators. Even the radar system can put together a “picture” of the surroundings of your car based on the radar readings from multiple sensors—think stereo surround sound but for your physical surroundings.
Velimir Zeland // Shutterstock
If your car has a now-common backup camera, you know there’s one camera on your car. But now, it’s likely there’s also a camera inside your car that’s pointed at your face. It can check your emotions are based on your expression. It can also see whether you’re looking at the road while you drive and alert you to get your eyes back on the road via onboard indicators. Even the radar system can put together a “picture” of the surroundings of your car based on the radar readings from multiple sensors—think stereo surround sound but for your physical surroundings.
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What kind of data is your car collecting about you?
Soloviova Liudmyla // Shutterstock
Within the last few years, we learned Amazon Alexa and other voice systems are always listening. Meaning once these systems hear a trigger word or phrase such as “Hey Alexa,” they can pick up any notable noise and record it, including when you blow your nose or sing along with the radio. OnStar, which comes preinstalled on most Chevrolet, GMC, Cadillac, and Buick vehicles, may collect “voice command information,” according to its privacy statement. Hopefully, that means the car’s recorded and transmitted data only includes when you use the special activation words that wake up the system.
But if you’re planning to do anything you wouldn’t want to be broadcasted or sold to a marketing corporation, you may want to stay mum in the car.
You may also like: 100 iconic photos that capture 100 years of world history
Soloviova Liudmyla // Shutterstock
Within the last few years, we learned Amazon Alexa and other voice systems are always listening. Meaning once these systems hear a trigger word or phrase such as “Hey Alexa,” they can pick up any notable noise and record it, including when you blow your nose or sing along with the radio. OnStar, which comes preinstalled on most Chevrolet, GMC, Cadillac, and Buick vehicles, may collect “voice command information,” according to its privacy statement. Hopefully, that means the car’s recorded and transmitted data only includes when you use the special activation words that wake up the system.
But if you’re planning to do anything you wouldn’t want to be broadcasted or sold to a marketing corporation, you may want to stay mum in the car.
You may also like: 100 iconic photos that capture 100 years of world history