$2200 to fix my car?
April 5, 2011 5:56 PM Subscribe
Is it crazy to spend $2200 to fix my car? Then replace the car in a year or two…
I have a 2003 Honda CR-V with 140K miles on it. It needs $2200 worth of work, and I can’t figure out if that’s worth it. Help me get some clarity?
- Otherwise runs fine, and I assume this will be the only major repair
- Is worth maybe $5-6K bluebook (assuming the repair is made I think)
- Will buy a new car in a year or two
- Could/would pay cash for a used/replacement car, roughly $18-20K
- Insurance/registration on the replacement car would be maybe an extra $400/year
Why don’t I just buy a new car?
- Don’t feel like I need one
- I’m waiting because I’m cheap and scared (but don’t want to be pennywise/pound-foolish)
- I’m concerned about used cars being a little more expensive (in general, relative to new ones) these days due to economic conditions and incentives. Assuming things would normalize in a year or 2
- Tires are pretty new, in good shape
Details: yes, it’s the A/C compressor and I need it unfortunately. So I could sell or trade it in as-is, but I’m not comfortable selling it on craigslist or similar without disclosing the problem (it’s not a cheap fix).
Or… heck, maybe I offer to sell it for 3K to somebody who doesn’t need A/C… and they’ve got themselves a fair deal and I have a quick/easy sale and move on.
Thank you
posted by anonymous to travel & transportation (21 answers total) 1 user marked this as a favorite
If the AC isn't working, you'll get crappy resale if you tried to sell it now. If you pay to get it working, you really need to keep it over a year to get value from it.
However, if it doesn't need an engine or a transmission, $2.2K is stupidly expensive. Is that a dealer quote? Have you tried independent specialists?
posted by Brockles at 6:06 PM on April 5, 2011