Repair vs Replace Calculator
Repair vs Replace
Determine whether it is more cost-effective to repair an existing item or replace it with a new one
$
$
years
years
Formula
Repair Cost Per Year = Repair Cost / Remaining Life; Replace Cost Per Year = New Cost / Full Lifespan; 50% Rule check
Frequently Asked Questions
What is the 50 percent rule for repair vs replace?
The 50 percent rule suggests that if the repair cost exceeds 50 percent of the replacement cost, it is generally better to replace the item. This rule works well for appliances and vehicles nearing the end of their expected lifespan.
What other factors should I consider besides cost?
Consider energy efficiency improvements in newer models, warranty coverage on a new purchase, environmental impact, frequency of recent repairs, and whether the item meets current needs and safety standards.