I have a 2001 sebring and the engine trouble started out of NO where. After doing research these engines are DUDS! around 80,000 miles i have found that these cars have lots of problems, and I am 77,000.... My warrenty ended 2000 miles ago, and to REPLACE my engine its going to cost 7,000, and I owe 9,000 on it! So can I trade her in, instead of fixing her? how will this work?
2007-10-14 09:42:35 · 4 answers · asked by ashley p 2 in Cars & Transportation ➔ Other - Cars & Transportation
I get oil changes regularly I have reciepts to prove it, and it got sludge, and for some reason the engine shuts down completely. I GOT this quote from the dealership that I needed to replace my entire engine, and I got a second opinion, and said It WILL have to be replaced and I was quoted prices between 5800-7000
2007-10-14 10:00:32 · update #1
If they are known to have problems I am not sure what place would take it for a trade in. Probably it would be a place that is giving you zilch for it just to get you as a new customer. The other possibility is to try a charitable donation for a tax deduction. (assuming you live in US). The only way to come out ahead on that however is to find a trade school that would accept it as a car for the classes to work on. If they will take it they will give you a letter that you can send to the IRS to make sure you get that full full book value. If a charity takes it and just sells it they would take almost any low-ball offer and you would not do well on that deal.
2007-10-14 09:51:30 · answer #1 · answered by Rich Z 7 · 0⤊ 0⤋
If you trade it in, the dealer will tack onto the purchase price of the new vehicle any amount you owe on the vehicle above and beyond it's current value. Sometimes, that's the easiest way to dig yourself out of this hole. If you do buy a new vehicle, keep it until it's paid off. If you get a used vehicle, make sure it's certified used, and that it has a good warranty.
2007-10-14 10:01:55 · answer #2 · answered by haditwithstupidpeople 2 · 0⤊ 0⤋
You need to shop around more. It should not cost that much to replace the engine. Is your engine dead or just needing repairs.Trading it in will not work because they don't want your dead car either. Either get it fixed and keep using it or get it fixed just enough so they might take it as a trade.
2007-10-14 09:56:49 · answer #3 · answered by Anonymous · 0⤊ 0⤋
load it up with insurance. go to a convenience store in a bad nieghborhood,leave keys in car. That should solve the problem
2007-10-14 09:48:26 · answer #4 · answered by renume 4 · 0⤊ 1⤋