When should you buy new instead of repair?
When repair costs start to exceed the vehicle’s value or one year’s worth of monthly payments on a replacement, it’s time to break up with your car, according to automotive site Edmunds and Consumer Reports, the product review site.
Can a seller refuse a repair request from a buyer?
Sellers will be reluctant to listen to or negotiate a request for repair from a buyer without receipt of a home inspection. I’ve had inexperienced agents refuse to give sellers a copy of the home inspection until after the request for repairs was agreed upon.
When is it better to repair or replace an item?
When balancing the costs of repairing or replacing an item, consumer experts often use a rule called “The 50% Rule.” If repairing your old item costs at least half as much as buying a new one, you should just go ahead and replace it. After all, something that’s already broken once could end up breaking again.
How old do you have to be to replace an appliance?
No simple rule, such as “Replace it if it’s over eight years old,” is going to cover all of them. Instead, examine all the factors involved in your particular case. The cost of the new item is obviously a big one, but also consider the age of the old item, the difficulty of the repair, and so on.
Can a customer reject an item after it has been repaired?
The customer can still reject the item after it’s been repaired or replaced. A customer has accepted an item if they’ve: told you they’ve accepted it (having had enough opportunity to inspect the item before confirming they’ve received it)
Sellers will be reluctant to listen to or negotiate a request for repair from a buyer without receipt of a home inspection. I’ve had inexperienced agents refuse to give sellers a copy of the home inspection until after the request for repairs was agreed upon.
Can you buy a car that needs a repair?
First, finding a person to buy your car when it needs a major repair may not be easy at any price. Some dealerships claim they’ll give you thousands of dollars for any trade-in, and you can always put that to the test if you like the negotiation game. This can limit your shopping choices, though, since you have to buy from that dealer’s lot.
When to repair or replace a household item?
To find out when it pays to repair or replace common household items and appliances, U.S. News solicited advice from top experts. [See: 12 Ways to Save Money at Home .] When an appliance breaks while it’s under warranty, repairing it is usually a no-brainer.
Do you need to request repairs before buying a house?
You should not request aesthetic or nonessential repairs. Your focus should be on safety and saving yourself large expenses. Start by commissioning a full inspection. Choose a well-qualified, experienced inspector to assess wiring and electrical systems, heating systems and piping and the entire house structure.