My older car died (1997 --193K). My newer car has only 7K. Should I fix my older car's engine ($1500-$3000) so that I can have a second car to run around in ... or just drive the newer one, try to keep it up, and put money into it for upgrades, etc.
2006-08-13 04:43:51 · 12 answers · asked by Anonymous in Cars & Transportation ➔ Maintenance & Repairs
Just keep the newer one. Sell the older one for cheap.
Why not sell it and use the cash to upgrade your newer one
2006-08-13 04:49:17 · answer #1 · answered by Anonymous · 0⤊ 0⤋
if you need two cars just to run around then fix the old one so that the one with 7K can "hold" its value longer, (lower miles) the problem is that with 3K you will barely buy a better car and you will need to sink money into it eventually but putting 3k into the engine for your old car essentially insures that you will have very few problems with it in the future. never "upgrade" a car that you allready have (unless it is a not too expensive audio system *ususally* no more than $500 and you can take it off when you sell it)
"upgrading" the other car will never pay off as cars are always money loosers unless they are clasics
the question is why do you need a new engine a car that is less than 10 years old, do you change your oil regularly etc?
2006-08-13 11:59:17 · answer #2 · answered by lportil 3 · 0⤊ 0⤋
You need to balance the costs against the value and intended use, and take into consideration that aside from repairing the older car, there's the question of it's maintenace, and insurance, registration, etc. I drive a 1997, and feel that if I put $1000 a year into maintenance and upgrades, that it's still going to be less than a new car's proce of $30k, which I'll still have to maintain.
2006-08-13 11:50:24 · answer #3 · answered by Anonymous · 0⤊ 0⤋
When in doubt go with a car the bank owns and you are just making payments. Invest that money toward your retirement take the old car to donation center to use as a tax credit. That eliminated two car insurance policy and upkeep on one old car. Upgrade the new car only if you have to. You will never recover the money in modifications. You seem to drive them till they drop.
2006-08-13 11:56:29 · answer #4 · answered by John Paul 7 · 0⤊ 0⤋
Id just drive the one that gets the fuel so if u think the one that needs all the work is your best bet then sell the other one to fix the other one un less its a keepsake issue and how much money u have to work with botttom line drive the one that works an dont spend ant money.
2006-08-13 11:52:36 · answer #5 · answered by ihclyde 2 · 0⤊ 0⤋
That depends. What kind of car is it? What type of repairs does it need? Why does it need them? Is this repair a common problem with the autos make and model?
Personally, I like having a back up in case something goes down with your primary vehicle, but 193 k is a lot of miles for a vehicle. Unless it's a Mercedes turbo diesel.
2006-08-13 11:49:58 · answer #6 · answered by morganalefay_us 2 · 0⤊ 0⤋
Why waste your money upgrading a car you'll eventually get rid of? Use your money more sensibly.
2006-08-13 11:50:52 · answer #7 · answered by ceprn 6 · 0⤊ 0⤋
It would be more economical to drive the newer one ,"keep it up" and properly serviced. upgrades optional.
2006-08-13 11:53:00 · answer #8 · answered by michaelgoodluck64 1 · 0⤊ 0⤋
a 97 what? if it's not a cool car sell it to a teen that is taking mech. classes.
2006-08-13 11:49:39 · answer #9 · answered by Jodeci 2 · 0⤊ 0⤋
Why do you need two cars?
2006-08-13 11:46:46 · answer #10 · answered by Mr. KnowItAll 7 · 0⤊ 0⤋