Repair vs Replace Calculator
Determine whether it makes financial sense to repair an aging item or replace it with a new one. Factors in remaining lifespan, repair cost, and ongoing maintenance.
Repair Recommended
1
Inputs
Comparison
Remaining Life if Repaired
3 years
Cost per Year (Repair)
$250.00
Cost per Year (New)
$170.00
Break-Even Years
0 years
Financial Breakdown
How to Use This Calculator
- Enter the Repair Cost and the Replacement Cost for a new equivalent item.
- Enter the Current Item Age and Expected Total Lifespan in years.
- Enter Annual Maintenance costs for both the repaired item and a new replacement.
- Review Cost Per Year for repairing vs replacing to find the true economic difference.
- Check Repair Recommended and Break-Even Years to make a data-driven keep-or-replace decision.
How the result changes with Current Item Age
| Current Item Age | Repair Recommended |
|---|---|
| 5 | 1 |
| 18 | 0 |
| 33 | 0 |
| 45 | 0 |
What each input means
- Repair Cost
- Estimated cost to repair the current item.
- Replacement Cost
- Cost to buy a new replacement item.
- Current Item Age
- How old the current item is in years.
- Expected Total Lifespan
- Total expected lifespan of the item when new.
- Annual Maintenance (Current)
- Yearly maintenance cost for the current aging item.
- Annual Maintenance (New)
- Expected yearly maintenance cost for a new item.
What each result means
- Repair Recommended
- 1 = repair recommended, 0 = consider replacing
How this is calculated
Worked example, using the default values
- Identify Input Parameters4 parametersRepair Cost = 300, Replacement Cost = 1200, Current Item Age = 7, Expected Total Lifespan = 10 = 6 input(s) provided
- Calculate Repair RecommendedRepair Recommended1 = 1
- Calculate Remaining Life if RepairedRemaining Life if Repaired3 = 3
- Calculate Cost per YearCost per Year250 = $250
Engine last updated .
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