Should I Fix My Transmission Or Get A New Car?

Updated October, 2020
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Most transmissions last for around 100,000 miles these days. If you start experiencing issues, then you want to get it checked out immediately. While you can repair minor issues, such as leaks and a shift solenoid replacement, you may need to replace a completely worn out transmission.

Signs your transmission is failing

The transmission is responsible for regulating the engine's speed and transferring power from the engine to the wheels. When it starts failing, you notice right away.

Slipping gears

As you drive along, you may notice your car shifts gears all on its own. This is alarming when you're driving down the freeway.

Conversely, you may also notice your transmission refusing to switch gears when you want. This is often a symptom of low transmission fluid.

Leaking fluid

This is the easiest symptom to identify. When you back out of the garage, you may notice a red fluid pooling under where your car was parked.

If it smells sweet, then it's transmission fluid. Let your mechanic know the issue is a leak within the transmission system.

Burning odor

You shouldn't smell anything burning around your vehicle. A burning smell indicates the transmission is overheating, or the transmission fluid is old and starting to burn.

What's the cost of replacing my transmission?

In the event you need to replace your transmission, you should expect to spend quite a bit of money. However, it's essential to get your car back up-and-running quickly and safely.

Here are price ranges for different types of vehicles.

  • Average cost for a sedan: $2,300
  • Average cost for a pickup truck: $2,800
  • Cost for luxury vehicles: Up to $10,000

Should I replace the transmission or get a new car?

No matter what, you're looking at spending several thousand dollars to replace a transmission. At that price point, many people wonder if they're better off simply buying a new vehicle.

It depends on the kind of car you own and how old it is. Here are some basic pros and cons for each option.

Replace the transmission

Pros:

  • Completely fixes transmission issues
  • Save money over making numerous repairs

Cons:

  • Doesn't fix other potential issues your car may have
  • May be a waste of money on older cars

Get a new vehicle

Pros:

  • Everything works great
  • Trade-in value of old car goes toward a new purchase

Cons:

  • May cost even more than a new transmission
  • May not have time to look through a bunch of vehicles

Don't mask the problem—get your car fixed, now!

Replacing a transmission is costly. However, repairs and maintenance are much more affordable. This is why you need to address issues as soon as they come up rather than putting them off.

For example, you should get a transmission fluid flush done once every 30,000 miles. This keeps the fluid in prime condition, and it usually only costs between $75 and $300.

It's a lot better to pay a few hundred bucks now than wait 100,000 miles when the fluid is old and burnt. Plus, when you take your vehicle in for these maintenance jobs, the mechanic can identify potential issues before they escalate.

Does my insurance pay for maintenance and repairs?

Auto insurance typically doesn't cover transmission repairs and replacements. However, it can cover other items to help you out.

If you find yourself stranded on the side of the road, then the right policy gives you roadside assistance. Someone can tow you to the nearest auto shop to get the problem fixed right away.

The right policy also covers damages from car crashes and weather-related events. Make sure you have a comprehensive policy that gives you as much protection as possible.

When the time arises, is my insurance going to be enough?

When it comes to car insurance, there are several factors to consider beyond monthly cost. A policy that covers you when you need it, has a low deductible, and offers several discounts can be hard to find - which is why we've done the work for you.

Get instant quotes tailored to your needs - fill out our short form, today!

Get cheap insurance quotes, today!
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