CarForum.net - Car Forums, Automotive News and Community
Home Gallery Register Calendar Members List

Go Back   CarForum.net - Car Forums, Automotive News and Community > General Car Discussion > General Automotive Discussion

Reply
LinkBack Thread Tools
Unread 04-22-2014, 03:35 PM   #1
New Member
 
Join Date: Apr 2014
Posts: 2
Rep: 10 asdfjkl is on a distinguished road
Default Question about car repair and worth

Hey, I'm in a bit of a predicament. I have a 94 Oldsmobile that I've had to send to the shop every so often and have put in quite a few dollars, against the wishes of the mechanic (who I do trust). Now the front struts need to be replaced and, more importantly, the engine basically needs to be replaced and could cost around $2500.

Now my issue is that I'm in college and can't afford to buy a good used car nevermind a new car. I COULD afford to get the engine replaced. The mechanic is still saying the car isn't worth it but the way I see it, he doesn't know my financial situation and, as I said, I could afford to get the car fixed or could buy a used car with the same amount and it'd likely be a piece of junk for that price I'd imagine.

The other issue is that apparently the inside around the engine is rusted. Now one option I've thought about is just to take out a loan, get the engine and rust fixed (if that's even possible - anyone know approximate costs or what he even means by that?) and I believe I would get that all paid off by the end of the year.

However everyone is vehemently against it and saying how it's a bad financial decision. I get that and I get that the car "isn't worth it" in that sense.

But from my point of view they aren't taking into account the fact that not only have I already put in a lot of money into the car and that I do really like it, but that I CAN afford to get it repaired, but cannot really afford to buy a new car or even a decent used car. My dad for example seems to think I could use the same money to get a good used car.

So I'm just looking for opinions. Does this plan sound as stupid as it does to my family or are they just ignoring the realistic options here? Nevermind the fact that if I was rich I'd get it fixed in a heartbeat as I do love the car.

asdfjkl is offline  
Reply With Quote
Unread 04-22-2014, 03:52 PM   #2
Veteran Member
 
Mr Car Guy's Avatar
 
Join Date: Mar 2008
Location: Surrey, BC, Canada
Posts: 2,052
Rep: 186 Mr Car Guy has a spectacular aura aboutMr Car Guy has a spectacular aura about
Default

You asked...

Get rid of the car.

Put the money you saved into a reliable simple car like a Corolla or Civic. You CAN find these on CL for 3000-4000.

Have your mechanic check them out before you buy.

Yes you may be able to afford to replace the engine, but, the transmission is old, the car has rust as you say. The car will continue to cost you money.

Here is a very nice Toyota Avalon, $3,900 with only 84,000 miles... 1996 Toyota Avalon 135,000kms
__________________
2003 GMC Envoy 5.3

Mr Car Guy is offline Mr Car Guy's Gallery  
Reply With Quote
Unread 04-22-2014, 04:29 PM   #3
Veteran Member
 
legoman786's Avatar
 
Join Date: Jul 2006
Location: Tucson, AZ
Posts: 886
Rep: 17 legoman786 is on a distinguished road
Default

Seconded. Get rid of it.
__________________


legoman786 is offline legoman786's Gallery  
Reply With Quote
Unread 04-22-2014, 08:16 PM   #4
Senior Member
 
M_Metzger1114's Avatar
 
Join Date: Jul 2011
Location: Cloverdale, IN
Posts: 428
Rep: 14 M_Metzger1114 is on a distinguished road
Default

Ill third that lol. Just out of curiosity though, what kind of olds is it?

Another option is a Saturn s series of course! They are cheap and easy to maintain and get great mpg.
Here's a sedan
1999 Saturn SL

Here's a coupe
1999 saturn sc1
__________________
Saphia - 1999 Saturn Sc1 190k ++ 1997 Saturn sl2 223k ++ 1994 Saturn Sl mileage-? ++ 1995 Saturn SW1 236k ++ 1995 Ford Taurus SE 3.0 v6 97k ++ 1989 Ford Bronco 5.8l 351 v8 mileage-?

M_Metzger1114 is offline  
Reply With Quote
Unread 04-22-2014, 08:49 PM   #5
New Member
 
Join Date: Apr 2014
Posts: 2
Rep: 10 asdfjkl is on a distinguished road
Default

It's an 88 Oldsmobile, from 1994.

Hm, assuming those cars are in good shape maybe I can get a decent car for that price after all.

asdfjkl is offline  
Reply With Quote
Unread 04-23-2014, 05:39 AM   #6
Senior Member
 
M_Metzger1114's Avatar
 
Join Date: Jul 2011
Location: Cloverdale, IN
Posts: 428
Rep: 14 M_Metzger1114 is on a distinguished road
Default

If you give us a bit more info we might be able to find ya something in your area.
What would you be looking for in a car? (Mpg, perf., comfort, reliability, 2dr/4dr, etc.)
Location?
Budget?
__________________
Saphia - 1999 Saturn Sc1 190k ++ 1997 Saturn sl2 223k ++ 1994 Saturn Sl mileage-? ++ 1995 Saturn SW1 236k ++ 1995 Ford Taurus SE 3.0 v6 97k ++ 1989 Ford Bronco 5.8l 351 v8 mileage-?

M_Metzger1114 is offline  
Reply With Quote
Unread 04-24-2014, 12:52 PM   #7
Community Director
 
Mike's Avatar
 
Join Date: Jun 2008
Location: Minneapolis, MN
Posts: 7,602
Rep: 153 Mike has a spectacular aura aboutMike has a spectacular aura about
Default

What you have invested into the car is irrelevant, we call those sunk costs. They are gone and have nothing to do with your decisions in the future.

Get rid of it.
__________________
"He shouted: 'You've won! Didn't you know?' I didn't, and it's about the nicest thing I've ever been told" -Bruce McLaren, 1968 Belgian Grand Prix
Read the rules! | DO NOT REPLY TO SPAM
Daily Driver: 2006 Mazda 3 S sedan - 2.3L I4, 5 speed manual - 78k miles
Girlfriend's Car: 2013 Chevy Volt - 30k miles
Bikes: 1979 Yamaha XS 750


Mike is offline Mike's Gallery  
Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 12:42 AM.

Shogun Interactive Development Copyright 2015 Shogun Interactive Development. All rights reserved.