Is my poor truck worth anything to anyone?
May 22, 2007 8:45 AM
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Is my mechanically troubled '97 Ford Explorer completely worthless?
I'm the unfortunate owner of a 1997 Ford Explorer Sport with over 100k miles on it. Earlier this year I had been thinking of trading it in, as I don’t particularly enjoy it anymore, and it’s a beast on gas. Kelley Blue Book estimated its trade in value at about $2,500, assuming “good” condition.
In the past month or so it’s gone from “good” to really, really bad. The alternator and battery went, which I had replaced for about $500. While fixing that, the mechanic alerted me that the rear brakes were worn. They quoted me about $800 or so to fix this as well as some bushings that could use replacing. I didn’t have it fixed thinking (maybe incorrectly) that I could still trade it in and at least get the KBB “fair” estimate of $1900 or so.
Within a week of getting it back from the shop the check engine light came on (code P0430). The diagnosis was that the catalytic converter was clogged. The mechanic quoted me $1100 for parts and labor. In addition they noted that the belt pulley system / tensioner needed work too, to the tune of $300. Total cost of repairs including the breaks: $2200. That’s more than what it’s worth to me, not including the $500 I’ve already spent. Also, this doesn’t touch the other minor issues with the thing (a/c runs hot, rear wiper doesn’t work).
I’ve made the decision that it’s not worth fixing. These are just the latest in some rather expensive repairs over the past two years, including other emissions issues and the transmission. I really can’t see fixing it up just to trade it in, I'd much rather put the money towards something a bit newer, more fuel efficient, sensible, etc. So, my question is what to do with it now?
I hate to send it to the junk yard; it still runs fine and the exterior and interior are in great shape. I don’t know that selling to private party would work, as the thing definitely isn’t going to pass inspection. I’m not opposed to trying to sell it to a dealership or trade it in, but I’m afraid I’ll get laughed off of the lot. I’ve never traded anything in, so I’m not sure how much they’re going to care about its issues. I can see them ignoring the chirpy belts and occasional rattle; it's the bright yellow check engine light that worries me.
Am I missing any other options? Am I crazy for thinking I deserve any money for an aging, troubled truck?
Thanks in advance for any advice!
posted by sarahmelah to travel & transportation (14 comments total)
I've seen some similar vehicles taken in on trades. However, this obviously this depends on the individual dealer. Whatever you do don't spend the money to fix it, it will never be worth KBB "fair" or "good" at that age or mileage no matter what works.
posted by HoldFast at 8:59 AM on May 22, 2007