I have an '04 Matrix that needs a new engine, should I repair it before trade-in, or trade in this condition?

Question

I want to buy a new car and do the trade-in at the same dealership.

I don't owe any money on the Matrix, it has 100K mi. on it, and could use new brakes/tires. Replacing the engine will run me $3000. The KBB trade-in value in fair condition(which doesn't quite acknowledge the engine condition) is about $7000.

I figure the dealership can get the replacement engine and do the labor much cheaper, so I shouldn't necessarily see $3000 worth of trade-in value reduction.

Answer 1

well common sense would tell any of us to trade it in like it is,why spend money on it when its probably not going to help it,but if m not mistaken,this should be covered under warranty,or did this run out because of the mileage,either way ,its not going to make it bring that much more ,so id trade it like it is,just clean it up good,good luck i hope this help,s.

Answer 2

trade it in as-is. used cars don't get as much back as they used to and you won't get dollar for dollar on a new engine. what did you do to require a new engine? toyos should go 200k plus on original engine

Answer 3

what in the world happened to the engine toyotas go for ever??? oh well dont ask dont tell trade it in see what happens.

Answer 4

Trade in as is.