Fixing transmission failure is one of the most costly repair jobs your car can have.   Replacing your transmission can cost as much as 8,000 dollars, which to some people is no small sum.  That's why it's important for you to weigh whether or not it's worth it to have your vehicle repaired after transmission failure.  You may find that it would be better for you to simply invest the money in a new car.  If your transmission malfunctions, use this information to determine if you should repair it, or switch to a different vehicle altogether.

Take A Look At Your Mileage

Your car's mileage is a critical factor when you're trying to decide if it would be more beneficial for you to replace your transmission or get a new car.  If you have your transmission replaced, you want to be able to get full use out of it.

It's a good practice to look up the estimated lifespan of your car.  You can do this by researching your vehicle's year, make and model.  It's important to factor in the year because the car manufacturer may have made updates to the car that extend its life.  

For example, if your car has 50,000 miles on it, and is projected to last for at least 150,000 miles, you may decide that it would be a worthy investment to replace the transmission and keep the vehicle.  However, if your car is projected to last for 100,000 miles, and you're currently sitting at 80,000 miles, getting a new car may be a better option.

Know Your Vehicle's Value

When you're thinking about repairing your transmission, it's important for you to know how much your car is worth.  Although you may love your vehicle and think it's in great condition, you need the actual figures before you plunk down your cash to have the transmission replaced.

This is vital because you want to avoid spending more money on repairs than what the car is actually worth.  You can use a resource such as Kbb.com to look up the value of your car.  If your car is holding its value well, it may just be worth it to replace the transmission.

Knowing whether to invest in transmission services or take your hard earned cash and opt for a new car is important if you want to spend your money wisely.  Keep these tips in mind so you can make the right choice.