Sell a dying car?
April 5, 2011 3:01 PM Subscribe
I have a 2001 Honda Accord with a potential transmission problem. I owe about $4000 on it, it's worth about $3500-4000K and the transmission will likely be $3000. Do I keep it or sell it?
posted by gyroscope to travel & transportation (10 answers total) 2 users marked this as a favorite
The car has about 120K miles on it. I bought it used so don't know about prior transmission issues. The mechanic that I trust says the transmission may be going (burnt transmission fluid, car jerks on acceleration). I really like the car and generally only drive it on the weekends but that can include pretty regular 200 mile trips.
Oh, and I also need to replace all four tires ASAP.
So do I:
1) Sell the car now and eat the loss?
2) Replace the tires and wait to see about the transmission?
3) If the transmission is gone in a few months do I sell the car or replace the transmission?