Last post on Oct 15, 2013 at 7:52 AM
You are in the Maintenance & Repair
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Car Safety, Tires, Wheels, Auto Body, Brakes, Engine, Interior, Paint, Transmission, Fuel Efficiency (MPG), Buying Insurance, Coupe, Convertible, Hatchback, Truck, Sedan, Wagon, SUV, Van
#841 of 900 Re: Fix up or trade in ('04 Malibu Maxx LS) [qbrozen]
Feb 03, 2013 (5:16 am)
whoops. I didn't put investment in quotes because of the spelling, btw. That was a typo. I did it because a car is never an investment, technically speaking. In any case, its most likely worth the money is all I meant.
#842 of 900 Re: Fix up or trade in ('04 Malibu Maxx LS) [gazthrak]
Feb 10, 2013 (9:02 pm)
I've never lived in NYC, or any other large city for that matter, but something to think about - That $1600 estimate probly has a large amount to fix the bumper. I would ask about just fixing the tail light and ignoring a torn bumper. In a big city, this is something that just might be hit again.
#843 of 900 Re: Fix up or trade in ('04 Malibu Maxx LS) [bolivar]
Feb 10, 2013 (10:10 pm)
I moved out of NYC which is what required the car. You are right though in that the major part of that cost is in the bumper so I could probably hold off on it. It has just been paint bubbling over time though and it annoys me to look at grow (I moved to a very hot southern state).
Feb 15, 2013 (4:06 pm)
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#845 of 900 Worth "investing" in?
May 14, 2013 (9:34 am)
I own a 2005 Honda Accord EX-L 4cyl/automatic. I purchased it Honda-certified used at the end of of 2007 with about 25K miles on it. It's been paid off for about a year or so now, and has about 115K miles.
The only real repairs I've had to do was replace a coolant temp sensor for about $100, and rear sway bar links (which I did myself just for the cost of parts; maybe $50). I've been pretty good about keeping up with the maintenance; replaced the pads and rotors on all 4 myself about 30K miles ago, replaced the trans fluid at about 75K miles, regular oil changes about every 5K miles, cooling system has been flushed once a couple years ago.
I'm overdue to replace the plugs (due at 110K), and I should replace the serpentine belt just as a PM item (still the original belt), and figure I should replace the all the hoses as PM as well (also originals). I'm also due to replace the trans fluid and flush the cooling system again. Never replaced the brake fluid, although the manual says I should have. At this mileage, I assume the shocks/struts are on borrowed time. No timing belt to replace, at least. Tires should be good for another 20-30K miles, I'd guess.
The body is in decent shape, with scattered scratches appropiate for an 8 year old car. The front bumper cover is cracked and could stand to be replaced (tangled with a dumpster and lost), and there's a pretty good scuff on the back bumper from rubbing up against a guardrail, but I'm not necessarily married to fixing these cosmetic items. If I chose to though, I'd guess MAACO could straighten things out for about a grand.
I reckon I can address the immediate required maintenance and preventive maintenance items for roughly $500-750. I'll admit to having the "hotsies" for a new(er) car though, and I'd guess my car is worth roughly about $5k on a trade (if I address the cosmetics).
My question to you: What would you do? Fix it, detail it, and continue to drive it awhile longer? Trade it while it still has some value and before the miles get scary-high? Are there other potential upcoming maintenance issues for my car I'm overlooking?
#846 of 900 Re: Worth "investing" in? [mcrrt]
by MrShift@Edmunds HOST
May 14, 2013 (10:17 am)
Sounds like you're putting about 15K miles a year on the car.
I would say to keep it and run it up to around 150K, since you have already broken the 100K threshold and thus affected resale considerably already.
The cosmetics are only important if you sell it, so that's up to you.
I don't think the car has run its useful life yet and even if you have a few repairs in the future, no way that's going to add up to $350 a month car payments!
So maybe in the Spring of 2015, you can start nosing around for a new car!
#847 of 900 Re: Worth "investing" in? [Mr_Shiftright]
May 14, 2013 (10:27 am)
#848 of 900 Re: Worth "investing" in? [mcrrt]
May 14, 2013 (11:08 am)
Depends on what you want. Your Honda will continue to run well without major repairs for a few years at least. But do you want more safety features? Better electronics and phone adaptability? Better fuel economy? If those don't matter keep the Honda. But if they do you will be amazed at the new Accord. We were in a similar situation, older car though, a 2001 Nissan Maxima with 130k on it. We finally decided to get the new Accord this year. What a difference!
#849 of 900 Re: Worth "investing" in? [mcrrt]
May 14, 2013 (11:49 am)
Assuming you're not one with an abusive driving style, your car should be good for 200,000 or more miles. Therefore, your decision essentially rests with whether your desire for a new car trumps the lower cost of ownership that one enjoys with keeping the old car.
Please let us know what you decide to do.
May 14, 2013 (3:02 pm)
I guess it's safe to assume that after one hits the 120k, the trade in value ain't gonna be that much. But living in South Florida, is it better to have a perfectly running a/c or a wonkey one like we have in our '05 Mazda3s? It still works in blower speed 3 & 4 but only sometimes in position 1 & 2...personally, I hate to be throwing $ into this puppy and just want to get her into a 2014 model. Not sure if I should fix or trade the way it is when the time comes? As long as it continues the way it is, we'll stay the course.