The Prius is out of warranty and has over 100K miles. It needs a new "main computer" and a catalytic convertor. I was quoted a black book value of 4000.00 trade in value when the car was just under 100,000 miles. I still owe @ 8000.00 on the loan and was hoping to keep it until the load was paid off but I'm getting nervous - the repairs are getting costly. I just am not sure if I should continue to repair, trade it in or repair and then trade it. If I decide to trade it in, should I get it repaired first or take the hit on the trade in?
2007-10-28 12:18:24 · 6 answers · asked by neophyte 1 in Cars & Transportation ➔ Buying & Selling
fix the car.. first off, once you went OVER 100k, you threw the value right out the window. It is probably worth 2000 now, if that. If you can, keep the car. I would go to the dealer, and see after fixing the car what deal they would give you. Your new payment will be higher... take the difference in payment, and put it in the bank, and then at the end of a year, put it towards principal balance, or keep saving, and when your car is paid off, keep banking that full payment. When your car is finally and totally dead, or you have a totally ludicrous repair bill, take the cash you have, and either pay cash for a car if you can, or you will have a pretty substantial down payment, and can take a very short term loan on the next car...
2007-10-28 12:35:43 · answer #1 · answered by Rafael P 4 · 0⤊ 1⤋
I'd put the money into the vehicle,when they they say $4000.00 trade in,that a load of cr!!,they are adding to the this other vehicles finance,plus the 8k that u owe, u will be paying for ever,scout around,repair,and keep it u finish off the loan!
2007-10-28 12:27:36 · answer #2 · answered by jose_valle76 3 · 1⤊ 0⤋
while it is composed of Hybrids, the Prius in many situations wins. that's the real hybrid of the two. the Civic makes use of the electrical powered motor to supplement the gasoline engine- opposite to what maximum sellers will inform you. The Prius can cruise on electric powered basically- saving the gasoline engine to while that is mandatory. although, the in many situations used styling of the Civic hybrid potential that many alternative aspects are interchangeable with different Civic sedans. it quite is a stable ingredient. although, hybrids are extra of a assertion than a sensible selection- even while gasoline reaches $4.00 a gallon. interior the long-term, it would desire to wind up costing extra because of fact the batteries take so plenty extra abuse than the battery in a favourite motor vehicle. additionally, the hybrid batteries value extra suitable than a alternative engine. stable success on your purchase. interior the top, you ought tochronic it, so get the only which you like the final.
2016-10-14 07:09:04 · answer #3 · answered by federica 4 · 0⤊ 0⤋
You are going to take a hit now or in the future. If you put and additional $3,000 in it, you will not get any of it back.
If its worth $4,000 today it will be worth $3,000 next year. You
own $8,000 now and will owe $11,000 after repairs.
2007-10-28 12:24:15 · answer #4 · answered by Squat1 5 · 0⤊ 0⤋
How did you get so upside down? Oh what is black book value?
2007-10-28 12:29:42 · answer #5 · answered by Flat_out_Bob 7 · 0⤊ 1⤋
As long as it runs just keep your mouth shut and dump it off the dealer. Then buy something that's reliable.... GM... Ford... Chrysler!
2007-10-28 13:56:49 · answer #6 · answered by DialM4Speed 6 · 0⤊ 3⤋