Clairitek
Ideal_Rock
- Joined
- Jul 21, 2008
- Messages
- 4,881
DH and I currently own a newish car (a 2012 Mazda3) and a 9 year old Honda Civic. Our mechanic thinks that the Civic is in stellar shape for the mileage- 178k. We just spent $1k on new shocks and brake rotors/pads. I believe the next big routine replacement will be the timing belt in 15-20k miles (the original one was replaced at 95k miles) which will probably run $600-$750. It is in good shape cosmetically. I believe with some elbow grease I can make the interior look pretty nice.
Private sale it is worth $3100-$3300. Trade in it is worth $1500-$2300.
What we have been struggling with is when to just sell the darn thing and move on. Right now we have a small car loan on the Mazda and no other debt payments. On one hand we were thinking we would just run it into the ground. But where do you draw the line on that? After dumping $1k into it I feel like we are beginning to teeter on the edge of unreasonable investment in something that is only worth $3300 max.
So in our shoes, what would you do? Sell it while it's still worth something? Or save that monthly car payment and drive it until it needs a major repair and we would have to pay someone to dispose of it? We both feel that we could be convinced either way.
Private sale it is worth $3100-$3300. Trade in it is worth $1500-$2300.
What we have been struggling with is when to just sell the darn thing and move on. Right now we have a small car loan on the Mazda and no other debt payments. On one hand we were thinking we would just run it into the ground. But where do you draw the line on that? After dumping $1k into it I feel like we are beginning to teeter on the edge of unreasonable investment in something that is only worth $3300 max.
So in our shoes, what would you do? Sell it while it's still worth something? Or save that monthly car payment and drive it until it needs a major repair and we would have to pay someone to dispose of it? We both feel that we could be convinced either way.