That is an excellent question. I show this vehicle (depending on options) is worth anywhere from two to three thousand dollars. That means putting $2,500.00 into a car that is about worth the same amount of money is probably not worth it. However, this is assuming that all these repairs are needed to keep the vehicle running.
From what it sounds like it needs the coil pack and an oil change to keep running. I would suspect this is worth doing but fixing all these leaks may not be needed.
Anytime you are questioning these things, get a second opinion. When you go, don't provide the other estimate. Just ask they check the vehicle over and provide an estimate on what they see.
However, as a general rule, we don't put this much money into a car that is worth about the same. So if you have a $1,000.00 we don't put a $1,000.00 into it unless we know it is all it needs to keep running. We would be better off using that $1,000.00 and whatever you can get for the current vehicle and buy another $1,000.00 to $1,500.00 that is currently running.
So applying that in your situation, I would fix what is needed to get it running. Then take it and get a second opinion. When you have both estimates, you can ask they prioritize these items based on how bad they are leaking and you can start repairing them or sell it as is. Let's assume you can get $2,500.00 for the car as is. You take that and the $2,400.00 that you would spend on repairs, and buy a four to five thousand dollar car that doesn't currently have any issues. Clearly we have no idea what will happen so we can only make decisions on what we have in front of us.
Let me know if you have questions. Thanks
Tuesday, May 12th, 2020 AT 9:40 AM
