Last post on Oct 15, 2013 at 7:52 AM
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#835 of 900 Fix up or trade in ('04 Malibu Maxx LS)
Feb 02, 2013 (11:56 am)
I should preface this with some info. This car is my first car. I lived in NYC all my life and never had a need to own a car so I am not a gearhead by any means but work brought me to a place which is much more spread out. Hence the car. I've had it for 3 years now.
Now, I got an '04 Malibu Max with 125k miles and for the most part, has treated me very well with regular maintenance. During my 2nd month, someone ran into my rear bumper in a parking lot while I wasn't there and gave it a nice tear and cracked the tail light (it still works). I also need to replace the shocks and struts. I am pegging all this at a about $1600 in total costs to get it back to a nice condition. I question is that, in your opinion, is it worth it to fix those things or trade in and go for another car. This is the first year I have no payment on it so that is making me waiver.
I appreciate your insight.
#836 of 900 Re: Fix up or trade in ('04 Malibu Maxx LS) [gazthrak]
Feb 02, 2013 (12:40 pm)
Here's one way to look at it.
If you put that $1600 into the car now and only drive it for another year, you're probably ahead of the game financially vs buying another vehicle. Get 2 more years out of it and you're that much more ahead.
I assume you've kept up on other maintenance issues, and are not driving around a car who's transmission is acting funny, for instance?
#837 of 900 Re: Fix up or trade in ('04 Malibu Maxx LS) [srs_49]
Feb 02, 2013 (1:00 pm)
I haven't been able to identify any problem like that. Fluid leaking, weird sounds or the like. I see cars as more tools and expressions of self so driving a car till the wheels fall off is no big deal to me.
#838 of 900 Re: Fix up or trade in ('04 Malibu Maxx LS) [gazthrak]
Feb 02, 2013 (3:06 pm)
I would say its probably just due for something like that and will be fine for awhile after you do those repairs. A couple of years ago I faced the same dilemma with an old Camry. It went on to last another 3 years and then, still running fine, I sold it because the daughter no longer needed a car.
#839 of 900 Re: Fix up or trade in ('04 Malibu Maxx LS) [gazthrak]
Feb 02, 2013 (3:26 pm)
sounds like a solid "investement."
#840 of 900 Re: Fix up or trade in ('04 Malibu Maxx LS) [gazthrak]
by MrShift@Edmunds HOST
Feb 02, 2013 (6:45 pm)
Definitely a fixer---you should be able to get another few years out of it, so a $1600 investment, amortized over that time, is pretty sensible.
#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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