8 Options if your transmission has failed arkansas gas prices

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Now you’re wondering whether you should repair, rebuild or replace your transmission. Or maybe you’re thinking it might be better to simply buy a new car. To help you make this important and often time-sensitive decision, this article outlines the 8 options you have to choose from once it has been confirmed that your transmission has failed.

If your vehicle is 20+ years old and has over 275k miles on it, then the cost of repair or replacement is most likely higher than the value of the vehicle. In this case, it’s typically not worth getting the car fixed unless it holds significant sentimental value.

Owners of newer cars can find themselves in this situation as well. For example, it can cost between $3000 and $4000 to fix the CVT transmission in a 10 year old 2005 Ford Freestyle when the value of the car is less than $4000 at the time of failure. 2) Trade Car In at Dealer or List for Sale on Craigslist

A car dealer will pay you a small amount (typically around $500 to $1500) for a car with a failed transmission, depending on the year/make/model, mileage and book value. The dealer will usually have a transmission repair shop do minor repairs or replace the transmission with a used unit to get the vehicle running again.

A general repair shop will find, purchase and install a used transmission in your car. This is a cheap, hands-off option, but you pay the markup the shop applies to the cost of the transmission for “sourcing” the unit and labor for installing it.

You can buy a used transmission from a local junkyard or online and have it shipped to a repair shop for installation. This is the most affordable option, but it is also the highest risk as shops don’t warranty transmissions that aren’t supplied by them. There is no recourse if the unit turns out to be faulty and fails soon after it’s installed. Pro tips on buying a used transmission here.

One of the most popular choices is to take the vehicle to a local transmission shop o have the transmission rebuilt. They will remove the transmission, take it apart, clean all the parts, replace the worn out/failed parts including clutch plates and bands, seals, gaskets and solenoids, put it all back together again and finally re-install it.

The cost of an average rebuild usually ranges from $1500 to $2500 (some higher end cars can be $3500+). The range is so wide because it depends heavily on what was wrong with the transmission and what caused the failure. The final price could be higher or lower than the price initially quoted by the shop as it’s very difficult to determine the extent of the damage/problem until the transmission has been removed and disassembled.

Another potential drawback is that there is no way to tell if the shop did a thorough and complete job or simply patched the transmission (did the minimum amount of work to get it back on the road). This is why it’s so important to find a quality repair shop that will give you an honest estimated price range, stick to it and do the work they said they would.

Another popular option is to have a general/transmission repair shop find, purchase and install a remanufactured transmission. This is a convenient option because the shop handles the entire process, but just like the used transmission in option 3 above, you’ll pay for the parts markup the shop applies to the unit for finding and buying it. If you want to save some money by eliminating this markup, consider option 7 below. If you’re wondering, here is the difference between a rebuild and remanufactured transmission.

You can purchase the remanufactured transmission factory direct and have it shipped to a local repair shop for installation. This may take a little extra time (because you have to find a local shop willing to install the transmission you have shipped to them) but you can save by avoiding the repair shop’s parts markup by $300 – $900 and save hundreds of dollars. Interested in a remanufactured transmission factory direct? Get a quote at Street Smart Transmission. At the bottom of this page is a pricing guide that lists common suppliers of remanufactured transmissions and their current pricing.

You can also take your car to your local dealership to have them find and install a remanufactured transmission direct from the OEM. This is the most expensive option – it typically costs $1800 to $2800 for the transmission itself plus labor at $100 to $150 per hour to install it. How to Decide Whether to Repair or Replace Your Car

Now that you know the options available, you’re probably wondering if it’s worth repairing your car or if you should start looking for a replacement. There isn’t one right answer as it depends on the year, make/model, mileage and condition of your vehicle as well as your personal situation (work/family driving requirements), but here are a few tips to help you make this important decision:

Things change. Sometimes the purpose you bought your car for years ago is no longer necessary. For example, if you’ve recently been married and are planning to have kids, does that sports car still make sense? The kids have all moved out, do you still need that 7 seat minivan? Or maybe you’ve retired and no longer need a pickup for hauling things at work.

If your 14 year old car that has more than a little bit of rust on it, has over 200,000 miles and is worth less than $2,000, then it probably isn’t worth investing several thousand dollars in a transmission repair or replacement. If the car is rust free, runs smoothly and all the other parts are in good condition, then it makes sense to at least consider a replacement transmission.

If your transmission hadn’t died, were you planning to keep it for another 2+ years? The payback period of a replacement transmission is about 2 years, which means that if you choose to get a new transmission installed, you’ll want to drive your car for another 2 years in order to get your money’s worth.

That said, if your car is newer or in really good condition and is still worth a significant amount of money, then it probably makes sense to replace the transmission and get it back on the road. You can then continue driving it, sell it or trade it in. Otherwise, the value of a car that won’t drive is very low. What to Read Next

Took my 2002 Ford Focus (4 door style) to a local shop. It was losing power and barely making it uphill and if I tried to increase speed it would amp real high and the “gear shaped” warning light would come on. It would be low on Transmission fluid and after I added it the light would go off. Shop said transmission needed replaced and ordered me a used on from a junk yard. Never told me it would be my risk or there would be no guarantee on the used transmission or his labor. It is in fine print on the receipt he gave me but gave me no info before hand. $1400 total. 2 days after I got it back it started hard shifting when I put it in R or D, once in a while and lagging on take off when I put it in D once in a while. I went back to shop after couple weeks. He told me that he called junk yard and was waiting for them to call and tell him if there was any warranty (on a transmission he found and bought for my car) and would call me. But that if there was that would be the only warranty I would have. I feel like he ripped me off. Is this common practice? Also the number I called had been that of a transmission shop I had used before and was well trusted in the community He answered the phone with that shops name and only told me that it was no longer them after I was there and arranged to have him look at my transmission. He said that shop owner let him keep the number (like the previous shop owner was recommending the new shop)and actually brought his trans work to the new shop now. That seemed to make sense to me and I trusted him because of it. This article says that if the shop finds and orders the transmission it has a 90 day – 6 month warranty. Does that hold true here? I am in Missouri.