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Engine Replacement in Hampton, VA

Dr. Motorworx is a reliable provider of engine replacement service in the Hampton Roads Community, Virginia. We offer this service as a cost-effective alternative to buying a new car.

Engine Replacement in Hampton, VA

Affordable Option

Used engines are more affordable than many people realize. It saves you thousands of dollars compared to buying a new car. However, it only makes sense to engine swap if the rest of your car is in good economic condition, or if it has a market value close to the blue book value after installation. If you are unsure whether to invest in an engine or buy a new car, list out the pros and cons and ask yourself: Does it make economic sense to buy a new car or is it smarter to install a remanufactured engine?

Benefits of Replacing Your Engine

Why buy a new car when your current car is exactly what you want and need? With a new remanufactured engine, your car will be worth more when you trade it in, sell it, or pass it on to family or friends. The cost of a remanufactured engine is approximately 10%-20% of a typical new car. Additional savings in annual personal property taxes can be significant, and sales tax on remanufactured engines is usually less than $200. Financing may also be arranged with low monthly payments, and there's no need to worry about insurance increases. With all the money you save, you can continue to plan for a new car while benefiting from an engine that should perform "like new" for tens of thousands of miles.

Replacing Your Car

Compared to the cost of engine replacement in Hampton, VA, the cost of a new car averages around $20,000. In addition to your trade-in, you'll have to make monthly payments for 3-5 years. If you lease a new car, you won't build up equity. With a $300/36-month lease, you'll have nothing to show for your money after three years except $10,000 worth of receipts. Apart from that, the sales tax on a new or leased car can run from $1,000-$5,000 depending on the final cost of your new car.

Is a New Car Worth Your Money?

Finance charges for a new car are also expensive. At 8%, you will pay at least $2,300 over three years. You will also have to worry about the increase in insurance costs. At the end of the day, you will have a shiny new car that you may come to love or hate - a car that will eventually depreciate and lose about 25% of its value the minute you drive it out of the showroom.