When is it time to get another car? Fix or trade in?
December 14, 2010 12:16 PM Subscribe
Time for a new car?
posted by stormpooper to Travel & Transportation (29 answers total)
2004 Maxima. 94kmiles. LOVE this car. Car paid off. No problems until today.
ABS sensor totally failed. $2-3k to fix it.
Motor mount needs replacing
Window keeps opening every time you try to close it. You have to do this funky closing of it for it to stay shut
I've been very good about regular maintenance, use only synthetic oil (drive a lot obviously).
I wanted to keep the car until it died thinking 5 more years? But after today I wonder if I should keep repairing or start to look into another car.
Right now car is worth $7k (if ABS fixed). I have zero money to put down on another car. Probably the only car I can afford right now is a used Altima (low miles <20k).
Keep and fix the Maxima and try to get 5 years out of it? Try (and I do say try, life keeps putting me behind) to save for good money down ($10k is my goal)
Keep it for 1 more year and get something else; trade in value depleating.
Trade it in now while I still have $7k on it and start car payments all over again
I had a horrible used car experience way back when (50k Buick Centrury from hell. Spent $5k on that car and every month was at the shop for a total of another $5k). So I've always bought new since then and traded fast and furious. But I liked having no car payment as of late (I have a kid now, life is different).
My job lately has been questionable meaning this is not good timing either way but I am concerned that if a new job entails driving instead of the train, will this car be a fixer upper or should I just bite it now and get a car w/ a payment plan but lower miles and a warrenty?
When IS the right time to fix vs trade it in? My parents have been fixing up their 1987 Grand Prix so I grew up with the "use it until it dies" thinking.