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A few months ago I was driving my old run down car up in rural upstate New York and it died. I had it towed to a dealer and he said I needed a new transmission and a number of other repairs. I had it towed again to another dealer and he told me the same thing.
The car had a blue book value of about $2000, so I would be spending its value to get it back on the road and back home. I spent the money but now think it was a mistake because it started to cost me lots of money after that with many small to mid-sized repairs. 190,000 miles and 14 years old.
Would it have been better to just sell it for junk and fly home?
Too late to ask now....i would have put that 2000$ toward a downpayment and driven a car off the lot...had it been me. What model and year is this gem?
The 2000 to repair the transmission wouldnt have been a bad idea if everything else is working on the car. Considering a typical year worth of car payments can be anywhere from $2000-7000 ($10k-30k car), $2k wouldnt be a waste if it got you atleast 6-9 months trouble free.
Id say fix the little stuff, clean, wash and wax the car and sell it for $2k.
A few months ago I was driving my old run down car up in rural upstate New York and it died. I had it towed to a dealer and he said I needed a new transmission and a number of other repairs. I had it towed again to another dealer and he told me the same thing.
The car had a blue book value of about $2000, so I would be spending its value to get it back on the road and back home. I spent the money but now think it was a mistake because it started to cost me lots of money after that with many small to mid-sized repairs. 190,000 miles and 14 years old.
Would it have been better to just sell it for junk and fly home?
Yes. With 190K on the clock, it is near the end of it's life.......good money after bad. For $2000, or a little more, you could have found something with lower mileage and in better shape.
A few months ago I was driving my old run down car up in rural upstate New York and it died. I had it towed to a dealer and he said I needed a new transmission and a number of other repairs. I had it towed again to another dealer and he told me the same thing.
The car had a blue book value of about $2000, so I would be spending its value to get it back on the road and back home. I spent the money but now think it was a mistake because it started to cost me lots of money after that with many small to mid-sized repairs. 190,000 miles and 14 years old.
Would it have been better to just sell it for junk and fly home?
If the repairs have already been done and paid for, our opinions don't really matter. And none of us can predict whether you'll be spending a lot of money going forward.
I had a friend who had an old turbocharged Plymouth with a blown head gasket. That repair cost him $900.
Two weeks later, the transmission lunched. That would have cost $2K. So he donated the car to Goodwill and they towed it away.
Once a car gets into wear out mode, it's usually better to pull the plug and put your money into a newer ride.
That's a tough call, because there are a lot of typical maintenance/repair items that come along between 100,000-120,000 miles. Fix those and your car is often good to go for another 75,000-100,000 miles.
You should have taken off the license plate and left it dead on the side of the road. Don't get married to it with the hope and dream that will be the last repair for the next 100K miles. Cut your losses.
Cut your losses. Been there done that. "Just one more fix" I'd say to get my car running for a while. "I'll risk this last $1k+ repair bill". My pocket paid deeply for that mistake.
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