Comments on: How do you decide when to quit spending more money to keep your used car running? http://youthinside.org/2007/11/16/how-do-you-decide-when-to-quit-spending-more-money-to-keep-your-used-car-running/ All About Shopping Sat, 19 May 2012 15:14:09 +0000 http://wordpress.org/?v=2.3.1 By: acmeroadrunner2003 http://youthinside.org/2007/11/16/how-do-you-decide-when-to-quit-spending-more-money-to-keep-your-used-car-running/#comment-1311 acmeroadrunner2003 Sat, 24 Nov 2007 17:18:55 +0000 http://youthinside.org/2007/11/16/how-do-you-decide-when-to-quit-spending-more-money-to-keep-your-used-car-running/#comment-1311 Unless you are going to buy a new car or an almost new car I wouldn't necessarily get rid of the Bronco to buy a used car. You will just be buying somebody else's problems. The first thing I would do is go get a second opinion as to whether or not the car will be "fine" after this $800.00 repair. Considering gas prices I don't know how good of an investment it would be to continue fixing the Bronco. Unless you are going to buy a new car or an almost new car I wouldn’t necessarily get rid of the Bronco to buy a used car. You will just be buying somebody else’s problems. The first thing I would do is go get a second opinion as to whether or not the car will be “fine” after this $800.00 repair. Considering gas prices I don’t know how good of an investment it would be to continue fixing the Bronco.

]]> By: FreedomLover http://youthinside.org/2007/11/16/how-do-you-decide-when-to-quit-spending-more-money-to-keep-your-used-car-running/#comment-1310 FreedomLover Fri, 23 Nov 2007 02:25:52 +0000 http://youthinside.org/2007/11/16/how-do-you-decide-when-to-quit-spending-more-money-to-keep-your-used-car-running/#comment-1310 First of all, an '88 Bronco is not worth anywhere near $3500.00. Try more like 1500-2000 IF it is REALLY nice. The rebuilt engine adds zero value. When the engine died, it was worth Zero. The fixed engine restored the value to the previous condition. A good rule is that if a vehicle is more than 80% depreciated, if the repair cost will exceed half the value of the vehicle, throw it away and get a different vehicle. For example, your Bronco sold for about 14,000 when new. It is now worth about $2,000.00 Therefore it is 85% depreciated. It is a close call, but I would be tempted to sell it for whatever I could get and take $4,000 and buy a newer vehicle. Fire your Mechanic. These Broncos are inexpensive to work on. Sounds to me like he is taking advantage of you. V8 engine repair bills are not higher than any other type of engine, and the 4wd has nothing to do with any repair that is not part of the 4wd system. If your mechanic thinks it is a great truck then sell it to him. And FIRE HIM IMMEDIATELY!!! A Good Mechanic will never tell someone whether or not a repair is worth doing. He will Educate and inform, but should NEVER make that judgement call. Interesting that the Judgement call he favors is YOU spend BIG MONEY with HIS REPAIR SHOP!!! Does he have a Kid in College? A new Corvette to pay for? Good Luck! First of all, an ‘88 Bronco is not worth anywhere near $3500.00. Try more like 1500-2000 IF it is REALLY nice. The rebuilt engine adds zero value. When the engine died, it was worth Zero. The fixed engine restored the value to the previous condition.

A good rule is that if a vehicle is more than 80% depreciated, if the repair cost will exceed half the value of the vehicle, throw it away and get a different vehicle. For example, your Bronco sold for about 14,000 when new. It is now worth about $2,000.00 Therefore it is 85% depreciated. It is a close call, but I would be tempted to sell it for whatever I could get and take $4,000 and buy a newer vehicle.

Fire your Mechanic. These Broncos are inexpensive to work on. Sounds to me like he is taking advantage of you. V8 engine repair bills are not higher than any other type of engine, and the 4wd has nothing to do with any repair that is not part of the 4wd system. If your mechanic thinks it is a great truck then sell it to him. And FIRE HIM IMMEDIATELY!!! A Good Mechanic will never tell someone whether or not a repair is worth doing. He will Educate and inform, but should NEVER make that judgement call. Interesting that the Judgement call he favors is YOU spend BIG MONEY with HIS REPAIR SHOP!!! Does he have a Kid in College? A new Corvette to pay for?

Good Luck!

]]> By: chuckclone1 http://youthinside.org/2007/11/16/how-do-you-decide-when-to-quit-spending-more-money-to-keep-your-used-car-running/#comment-1309 chuckclone1 Mon, 19 Nov 2007 22:08:30 +0000 http://youthinside.org/2007/11/16/how-do-you-decide-when-to-quit-spending-more-money-to-keep-your-used-car-running/#comment-1309 SELL THE P.O.S and get a car that needs no fixing. they are out there.i wish i were your mechcanic, i'd be rich. quit being a sucker. SELL THE P.O.S and get a car that needs no fixing. they are out there.i wish i were your mechcanic, i’d be rich. quit being a sucker.

]]> By: honky_tonk_amnesia http://youthinside.org/2007/11/16/how-do-you-decide-when-to-quit-spending-more-money-to-keep-your-used-car-running/#comment-1308 honky_tonk_amnesia Sun, 18 Nov 2007 05:37:02 +0000 http://youthinside.org/2007/11/16/how-do-you-decide-when-to-quit-spending-more-money-to-keep-your-used-car-running/#comment-1308 When the repairs consistently cost more than a new car payment, it's time..... When the repairs consistently cost more than a new car payment, it’s time…..

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