Is Replacing the Engine the Same as Getting a New Car?

[DiGrace]

Replacing the engine is not the same as getting a new car. A car with a replaced engine will significantly decrease in resale value, regardless of whether it affects performance or reliability. Relevant details are as follows: 1. Car Resale Value: This refers to the ratio of the selling price of a car after a certain period of use to its original purchase price. It depends on factors such as the car's performance, price fluctuations, reliability, parts costs, and ease of maintenance, reflecting the overall quality of the car. 2. Calculation of Car Resale Value: The car's age is divided into three stages: the first 3 years see a 15% depreciation annually, years 4-6 see a 10% depreciation annually, and years 7-10 see a 5% depreciation annually. Other factors like mileage, condition, and maintenance records are also taken into account.