| Option |
Pros |
Cons |
| Buy New Car |
- original owner
- long life warranty
- minimal problems expected
- financing available
|
- high cost
- high personal property
tax
- immediate
depreciation
|
| Buy Used Car |
- no depreciation
- less expensive than new
- financing available
|
- unsure of original owner's maintenance
habits
- may require unexpected maintenance in near
future
|
| Repair Engine |
- condition of car is known
|
- engine repair can be expensive
- warranty is limited to as much as 90
days
- many worn parts are not replaced
- still may require unexpected maintenance in
future
|
Replace with
Rebuilt Engine |
- condition of car is known
- less expensive than remanufactured
engine
|
- warranty is limited to as much as 90
days
- many worn parts are not replaced
- still may require unexpected maintenance in
future
|
Replace with
Remanufactured Engine |
- engine is similar to brand new
- full warranty on engine (as much as 36
mos)
- less expensive than buying new car
- financing available
- no depreciation
|
- more expensive than replacing with rebuilt
engine
|