Trade in Car, Lose Thousands in Savings

Vehicle owners who trade in their cars every few years may be losing thousands of dollars in savings, according to Consumer Reports magazine. With the housing and credit markets in a state of turmoil, the Engine Repower Council (ERC) recommends repowering your engine as a way to significantly reduce costs and save money over the long run.

Consumer Reports found that car owners save more money than the original purchase price of the car by keeping the car for 225,000 miles over 15 years as compared to buying that same car new every five years.

“People don’t realize how much money they are losing by buying a new car every few years when today’s vehicles can last over 200,000 miles,” said Steve Rich, chairman, Engine Repower Council. “A one-time investment to repower a car’s engine makes financial sense. It not only eliminates new car payments and higher insurance rates, but repowering also makes the vehicle more fuel efficient, saving money at the pump. In addition, a more fuel-efficient vehicle reduces harmful emissions which helps protect the environment.”

With repowering, a worn-out engine or an identical one from another like-vehicle, is completely disassembled, cleaned, machined and remanufactured/rebuilt. Unlike used or junk yard engines with an unknown performance and maintenance history, repowered engines are dependable, reliable and backed by excellent warranty programs.

In addition to its financial benefits, engine repowering also saves the tremendous amount of energy used in processing discarded engines and vehicles, as well as saves an incredible amount of raw materials that would have been used in building a new engine.

For more information about the Engine Repower Council and where to find qualified rebuilt engines and installation providers, visit www.enginerepower.org.


10/21/08 

In a Credit Crunch? Repowering Engine May be the Answer

With the housing and credit markets in a state of turmoil and car loans and leases hard to come by, the Engine Repower Council recommends repowering your engine as a way to significantly reduce costs and save money over the long run.

“With the tight credit market we’re experiencing these days, many people are not able to find a car loan or lease when they experience serious engine trouble,” said Steve Rich, chairman, Engine Repower Council. “A one-time investment to repower a car’s engine adds years of reliable life to the vehicle and makes financial sense, eliminating the need for a loan and saving the cost of new car payments and higher insurance rates.” 

According to Edmonds.com, the average car loan payment is $479 per month and, over four years, that adds up to $22,992 that can be saved by skipping car loan payments. At the cost of a down payment for a new car, repowering is a very sound and attractive investment. 

With repowering, a worn out engine or an identical one from another like-vehicle, is completely disassembled, cleaned, machined and remanufactured/rebuilt. Unlike used or junk yard engines with an unknown performance and maintenance history, repowered engines are dependable, reliable and backed by excellent warranty programs.

“People don’t realize how much money they are losing by buying or leasing a new car every few years when today’s vehicles can last over 200,000 miles,” Rich said. “The bottom line is that a repowered engine makes a vehicle more dependable, more fuel efficient, less polluting and more valuable.”