$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…
posted by anonymous to travel & transportation (21 answers total) 1 user marked this as a favorite
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.