Deleted
Joined: Mar 28, 2024 6:32:49 GMT -5
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Post by Deleted on Aug 18, 2017 14:58:06 GMT -5
My car is reaching that same tipping point. 2008, worth about $5k. Just got a $2k bill for replacing odometer cluster and accelerator something-or-other. Don't want a car payment. Time to start saving for a new car...and add this to my other "saving for" accounts. The "accelerator something or other" might be important, but I wouldn't replace an odometer.
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beergut
Senior Member
Joined: Jan 11, 2011 13:58:39 GMT -5
Posts: 2,184
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Post by beergut on Aug 24, 2017 21:41:41 GMT -5
I believe there was another thread like this not too long ago but I'm too lazy and gobsmacked right now to look. My 2004 car with under 108K miles on it started to leak oil and when shifting (stick) second and third gear would take a second for acceleration to kick in so I knew it wasn't good. Left it at the mechanics today and just got the call which I was kind of expecting because while I'm not a car guy I thought it would be transmission related. Said it's one of those instances where they won't know the full extent until they open the transmission but it's a $4,000-$5,400 estimate which includes a full rebuild if it goes that far along with the other issues - oil leaking onto spark plugs, clutch replace (original clutch) and a few others. I trust the mechanic as I've been going there since before I had this car. I knew at a point I'd have to get a new car because when we start trying to have a family I need something that has more room and is safer for kids but I was hoping getting that new to me car would be in ~2 years. The estimated cost to repair over the next 2 years might be cheaper than 24 monthly car payments but then I'd still need a new car eventually. I'll be honest it's the car I learned to drive stick on and hoped to keep as a daily driver when I didn't need to shuttle kids because I like driving stick and my next car has to be an automatic the wife can also drive. I know the smart answer and what I should do but this is never the type of financial news you want to hear especially when you're thinking about getting into a house in the next year. Basically can anyone make the case to repair? I've never leased a car, looked into the finances of it or considered it but I'm open to any options. I drive less than 7K miles a year now since I work 8 miles form my home. Thanks. You obviously love this car, but you can get a new-to-you car with under 100k miles for under $6k. 17YO's newest car is a 2008 Hyundai Sonata in almost perfect condition with only 77k miles on it, bought it for $5800, $6200 with TTL, and drives like a dream. It can fit four in it comfortably. A quick search turned up plenty of options near me for under $6k. I would keep your car, buy a new-to-you car for your growing family, and then work on saving up money to replace the clutch and fix everything in the '04 Mitsubishi. Keep driving your Mitsubishi, and then let that be the car for your oldest when the time comes for them to drive.
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