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To Fix Up or Trade Up, That is the Question

536 messages,  Last post on Jul 24, 2009 at 9:12 AM

You are in the Maintenance & Repair Forum. Your Host is mr_shiftright

What is this discussion about? Car Safety, Tires, Wheels, Auto Body, Brakes, Engine, Interior, Paint, Transmission, Fuel Efficiency (MPG), Buying Insurance, Coupe, Convertible, Hatchback, Truck, Sedan, Wagon, SUV, Van


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#476 of 536
Re: 03 Acura TL 85000 miles [Mr_Shiftright] by fezo
Apr 30, 2009 (6:20 pm)
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Replying to: Mr_Shiftright (Apr 30, 2009 3:07 pm)

Sure, but other than that any problems?
#477 of 536
Re: 03 Acura TL 85000 miles [fezo] by lokki
May 01, 2009 (6:18 am)
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Replying to: fezo (Apr 30, 2009 6:20 pm)

I used to work with a cheap guy who just wouldn't shut up about how Sam Walton drove an old pick-up truck. Day after day "Sam WALTON is rich but he drives an old truck...." I finally had had enough and told him:
 
Of COURSE Sam Walton can afford to drive an old pick-up truck - he has money!
  
If anything goes wrong with his truck, he just drives one of his other cars and has it fixed. Cigarette burn in the upholstry? Replace the seat. Scratch in the paint? Have the truck repainted. He can AFFORD to repair whatever's necessary.
 
A poor guy can't afford to own an OLD car and make those repairs - he needs a NEW car with a warranty so somebody else will pay for the repairs.

I'm not sure I actually believe all that, but it shut him up for a looooong time
#478 of 536
Re: 03 Acura TL 85000 miles [lokki] by Mr_Shiftright HOST
May 01, 2009 (8:09 am)
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Replying to: lokki (May 01, 2009 6:18 am)

Well your argument carries some weight in the extreme case at least....the cost of nursing a marginal crippled car around, pouring good money after bad, vs. the $300 a month cay payment and no worries (we hope not at least).
 
It's not easy to spend $3600 a year on an old used car that you desperately need for work, but I'm sure some people are doing that very thing as we speak.
#479 of 536
Re: 03 Acura TL 85000 miles [Mr_Shiftright] by euphonium
May 01, 2009 (9:05 am)
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Replying to: Mr_Shiftright (May 01, 2009 8:09 am)

When buying a "gently used" vehicle from the "Used Car Factory" dealer, the initial depreciation will be $3,600 as soon as you drive it off the lot.
 
There is peace of mind knowing what repairs have been made in your present car vs the "what's next" in an unknown replacement.
#480 of 536
Re: 03 Acura TL 85000 miles [euphonium] by Mr_Shiftright HOST
May 01, 2009 (9:15 am)
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Replying to: euphonium (May 01, 2009 9:05 am)

True but if the car is kind of junky, you are pouring money into a worthless asset. This is painful to do, even if you are driving it.
#481 of 536
Re: 03 Acura TL 85000 miles [Mr_Shiftright] by euphonium
May 01, 2009 (12:24 pm)
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Replying to: Mr_Shiftright (May 01, 2009 9:15 am)

Agree.
 
When its junky - junk it.
#482 of 536
Re: 03 Acura TL 85000 miles [euphonium] by Mr_Shiftright HOST
May 01, 2009 (3:27 pm)
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Replying to: euphonium (May 01, 2009 12:24 pm)

I meant cosmetically junky. It might run okay but it's starting to attract the wrong kind of attention.
#483 of 536
1995 Taurus SHO Body Damaged by maryh3
May 02, 2009 (2:36 am)
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I need advise. I had an accident yesterday with my 1995 Ford Taurus SHO. I rear-ended a woman who was merging but changed her mind suddenly. Must have hit her in a bad way since she had almost no damage but I will probably need a hood, headlight and turn signal assembly and radiator work. Haven't shopped around yet for body work but a casual quick estimate was about $3000. I dropped collision insurance last year due to the age of the car and the fact that it is not driven much.
 
The car is supposedly somewhat rare and coveted. It is an automatic 1995 Ford Taurus SHO with 107,000 miles on it. Runs perfectly. A slight amount of rust (garaged most of the time). May need dual exhaust system in a year or two. Has new tires, brakes. Like all SHO's it has lots of upgrades. Was never abused, we are original owners, and it still is fun to drive since it has the coveted powerful engine.
 
Fix it up or donate it to charity in its damaged condition or fix it?
 
The car is liked but will it hold it's value to make it worth the costs? Hate to see the fine and fun 95 SHO sent to the graveyard due to a stupid accident, but can I justify the expense of repairing it? Any advise?
#484 of 536
Re: 1995 Taurus SHO Body Damaged [maryh3] by Mr_Shiftright HOST
May 02, 2009 (7:45 am)
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Replying to: maryh3 (May 02, 2009 2:36 am)

It's definitely not worth fixing. There may be a minor cult that likes the car but the market does not reflect any great value for it. Rare does not imply value. Underneath it all, it's just a Ford Taurus with a nice engine. Give the car's needs, and given that I think your estimate to repair it is too low, I'd advise you to let it go, either by advertising it AS IS in craigslist or sending it to the wrecker. You won't get anything for it by donating it, since donation rules have changed and you'll only get to deduct junk value--a couple hundred bucks.
 
Your only other option, which is also the only way there can be any upside to this situation, is for you to find all the pieces you need at a wrecking yard, all in the same color as your car, and install them yourself and drive the car around as it is.
#485 of 536
Re: 1995 Taurus SHO Body Damaged [maryh3] by euphonium
May 02, 2009 (9:18 am)
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Replying to: maryh3 (May 02, 2009 2:36 am)

In most areas there are highly qualified bodymen who selectively repair cars such as yours for as little as 1/4th to 1/3rd of the downtown commercial shops. These bodymen work evenings and weekends and if retired, more than that. Ask around (networking) & you will soon learn who to go to. Payment by cash works best.
 
Our 95 T Bird has been repaired several times by such a bodyman and the work is perfect. Right now, he has a 55 T Bird in his shop.
 
If you can find a retired or moon lighting body mechanic as outlined above, fix it.

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