I had to pick between trading in my car and get a car note or getting my transmission fixed and avoiding a car note. I decided to get my car fixed. It has 120,000 miles on it but runs well. My plan is to keep the car for at least a year with a warranty on the trans while saving $ for a down payment. My mother told me I should have traded it in because it costs $2000 to fix. What do u guys think?
2007-10-17 04:52:58 · 10 answers · asked by dormi22 3 in Cars & Transportation ➔ Maintenance & Repairs
My car is a Saturn.
2007-10-17 05:03:19 · update #1
its a 2001
2007-10-17 05:07:56 · update #2
that would depend on the year of the car,at least you don't have a car payment to pay,but having a note is almost as bad,but i think you made a good choice here,that car may last you a lot longer than a year now,and you wont have to go thousands in debt either,in a years time you may not want to get rid of it,i know i wouldn't want to owe money on a car right now,i think you did alright with the choice you took,good luck with it,i hope it holds up for you.
2007-10-17 05:05:21 · answer #1 · answered by dodge man 7 · 1⤊ 0⤋
in my opinion $2000 is cheaper than a car payment. a car payment is every month for the next 3-5 years. getting your car fixed is a one time deal. you won't have to pay that again for a long time. you never would have gotten what your car was worth if you had traded it in. I think you made the right choice. now if the engine goes that's worth trading it in otherwise keep your car for as long as possible.
2007-10-17 12:04:19 · answer #2 · answered by ms.pookie 4 · 0⤊ 0⤋
Honestly, it depends on the year and make of the car. Some cars have a better reliability rating, so if 120k miles on a reliable car isn't as bad as 50k on a problem-prone vehicle.
Look at it this way:
A new car financed will require additional insurance, depending on the model and what the bank requires you to carry.
Writing a check every month for at least 3 years on a rapidly depreciating item.
2007-10-17 12:04:21 · answer #3 · answered by greentadpole 6 · 1⤊ 0⤋
a paid for car is always better than a new bill. save your money and stack like a squirrel. if you got a new car now and you traded your car in with a down payment the you would be at the same 2 grand before the first ou the year and the bill won't stop comming
2007-10-17 12:04:14 · answer #4 · answered by Kicker SX Guy 6 · 2⤊ 0⤋
I think you did the right thing by fixing it. Keep the car as long as possible and save money. Car payments suck and if you can stay out of major debt until when you need it, then you did a great thing.
2007-10-17 12:06:16 · answer #5 · answered by Anonymous · 1⤊ 0⤋
you did ok, i have a 94 saturn over 160,000 miles 42 mpg on highway. saturns are reliable. bought 1 set tires an 1 battery in 4 years.
2007-10-17 14:40:47 · answer #6 · answered by hotvw1914cc 6 · 0⤊ 0⤋
saturn makes a good car drive it till its dead put $200 a month in to a car fund(thats less thain a payment) when you get enoulf cash to pay cash for a new one go for it $200 a month is $2400 per year that is more enoulf to pay anny future repairs and thain some
2007-10-17 12:25:20 · answer #7 · answered by mobile auto repair (mr fix it) 7 · 1⤊ 0⤋
It depends on a car. If it's some kind of a ford - sorry but you were wrong because it will - without a doubt - give you more headaches. But if it's a Honda or Toyota - you have a very reasonable chance of driving it trouble-free for years to come thus getting paid dividends on your investment.
2007-10-17 12:02:40 · answer #8 · answered by Anonymous · 0⤊ 2⤋
First listen to your mum. Your old car could pop up with more breakdowns. If your car starts with transmission breakdown then you are in for some more surprises. GOOD LUCK
2007-10-17 12:09:50 · answer #9 · answered by LOVE U 2 2 · 0⤊ 1⤋
Your all missing the point.A good car doesn't blow the tranny in 120000 miles.I would think twice about buying Saturn or Jap cars.
2007-10-17 15:41:15 · answer #10 · answered by wayne 4 · 0⤊ 3⤋