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To Fix Up or Trade Up, That is the Question

863 messages,  Last post on May 20, 2013 at 7:19 AM

You are in the Maintenance & Repair Forum.

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

Messages Page 73 of 87

#721 of 863 Re: Repair or trade in my '06 Sonata??? [Mr_Shiftright] by kyfdx HOST

Jul 22, 2011 (9:24 am)

Replying to: Mr_Shiftright (Jul 22, 2011 7:02 am)
This has happened to quite a few CR-Vs... they've all been quoted in the $3000 range for repairs..

#722 of 863 Re: Repair or trade in my '06 Sonata??? [kyfdx] by Mr_Shiftright HOST

Jul 22, 2011 (9:35 am)

Replying to: kyfdx (Jul 22, 2011 9:24 am)
Yeah, that's why I tell people that if their AC compressor is getting noisy, DISCONNECT it immediately and save yourself a bundle down the road.

#723 of 863 Re: Repair or trade in my '06 Sonata??? [kyfdx] by oldfarmer50

Jul 22, 2011 (6:36 pm)

Replying to: kyfdx (Jul 22, 2011 9:24 am)
"...$3000 range for repairs..."
 
Why, if a window AC can be had at Wal Mart for $90, does a car AC cost $3000?
 
http://www.newlaunches.com/archives/dude_attaches_home_windows_ac_to_his_car.php-

#724 of 863 Re: Repair or trade in my '06 Sonata??? [lmolina] by suydam

Jul 23, 2011 (1:35 pm)

Replying to: lmolina (Jul 21, 2011 3:14 pm)
The price still seems exorbitant, but let's consider the problem. If you fix the '06 you probably won't have other repairs coming your way and the cost per year will be less than a car payment. I put $1500 into my 10 year old Maxima two years ago and have not had a significant repair bill since (and that was the first serious money I had put into it). For that $1500 dollars I have had two more years of driving a paid-off car. Of course, no one has a crystal ball, and the worry is that you will have more serious repairs coming up -- but I wouldn't think so with a 5 year old car. If you really don't trust your car that much, then why consider another Hyundai?

#725 of 863 Re: Repair or trade in my '06 Sonata??? [suydam] by capriracer

Jul 24, 2011 (4:22 am)

Replying to: suydam (Jul 23, 2011 1:35 pm)
I'm with suydam - if you consider what the payments are for a new car, and then compare that to what repairs would be for a used car, the used car wins every time. Even a complete engine or transimission change is less expensive in the long run.
 
There are 3 downsides to this strategy:
 
1) Rusting body work completely changes this picture (but that is pretty much a thing of the past!)
 
2) Used cars require a bit of flexibility in order to cope with repairs. A second car or alternative transportation is a great help with this problem.
 
3) Used cars are not very impressive - if that is important to you.

#726 of 863 Re: Repair or trade in my '06 Sonata??? [oldfarmer50] by cadillacmike

Oct 26, 2011 (7:56 am)

Replying to: oldfarmer50 (Jul 22, 2011 6:36 pm)
You must watch the red-green show.
 
An automotive AC system is nothing like a home window unit. The only thing the same is the principle of operation.

#727 of 863 Re: BMW's [euphonium] by cadillacmike

Oct 26, 2011 (8:56 am)

Replying to: euphonium (May 27, 2010 2:08 pm)
I'll pass on the eurortrash and take a rear drive NorthStar STS over any of these.

#728 of 863 Re: Circling Back To The '99 Audi A8... [Mr_Shiftright] by cadillacmike

Oct 26, 2011 (9:49 am)

Replying to: Mr_Shiftright (May 28, 2010 6:25 am)
Laughing at this one.
 
My 1995 Fleetwood at 198,000 miles had no issues, no leaks, no falling off trim (I did have the belt line trim repainted a few yeard back). The only thing was that occasionally the memory seat would think i'm 4'8" and move the seat too close up.
 
My 1996 Fleetwood (83,000 mi) is the opposite. It think's I'm 7'2" and does not move it far enough up. These are two problem free cars, expeciually compared to the 7-series mentioned.

#729 of 863 Re: BMW's [cadillacmike] by Mr_Shiftright HOST

Oct 26, 2011 (9:29 am)

Replying to: cadillacmike (Oct 26, 2011 8:56 am)
But no Northstar engines prior to 2000. Many problems with those.

#730 of 863 2004 Jeep Liberty w blown engine by cadillacmike

Oct 26, 2011 (10:19 am)

My nephew - let's clarify that, my wife's niece's husband, managed to blow the engine in his 2004 Jeep Liberty. Don't know how he did it, and of course he doesn't know - no car sense.
 
Anyway initial repair estimate is approx $3,500. Car is worth maybe $6,000-8,000 i don't know enough details about it and Edmunds TMV on used cars is usually in fantasy land. Problem is they owe some $8,600 on it still????? I owe less on my wife's 2008 CTS but that's besides the point.
 
Of course they have no money and want / need us to pay for most of it. I could maybe agree, but this is a never ending saga. Her younger brother is a similar train wreck on cars & financial sense and their parents (my wife's older sister) are a financial nightmare. These guys think I'm their personal banker and my wife has a 100 megaton short fuse when it comes to these subjects. I told her if we agree, then I'm getting a rear drive northStar STS. She said i could have the STS and but not her. That's looking like a better & better deal, but i digress.
 
Would it make better bottom line $ sense to take advangage of one of those "$5,000 minimum trade in on any new XXX model" from the kia & mitsubshiiti hawks or just sink the $3,500 into this one.
 
Lets see keep old one means sink $3,500 into an 8 year old car, they they STLLL owe $8,600 on. Trade with one of those "minimum trade" crazies = 8,600 owe - 5,000 trade = 3,600 net negative equity, so initial look is NO - would cost more to buy a new car, even though the new car will have a warranty. But it may mean no money out of pocket for me, since they might be able to roll the $3,600 into the new car.....
 
If they owed much less on the Liberty, then that would make sense. Am i right on this?

Messages Page 73 of 87

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