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

Go Back   CarForum.net - Car Forums, Automotive News and Community > CarForum.net > New Members

Reply
LinkBack Thread Tools
Unread 01-20-2014, 07:35 PM   #1
New Member
 
Join Date: Jan 2014
Posts: 1
Rep: 10 Mcapps is on a distinguished road
Default Cross roads- Sell car or fix car? Advice Please :)

Hey Guys!

I am new to this forum, and don't know too much about cars.

I am in a bit of a predicament right now.

I have a 1999 Subaru Outback Legacy (limited). Everything is fine on the car except that the head gasket is leaking. The mechanic told me the leaking head gasket has caused a miss fire. They want to do what they call a "head service." In this case, they will take out the entire engine, replace timing belt, all timing components, hoses, water pump, all gaskets, etc. The cost of this service is 2,300. This is almost what I paid for the car.

I must have gotten a killer deal, because blue book value for the car in excellent condition is 5,777. Blue book value for the car in fair condition in 4,900.

I'm not sure if I should fix it or sell it.

I was told that this is common for Subaru's at this age. Unfortunately, I'm in a tough financial situation, and I'm unemployed. So this is a factor.

If I were to sell it, what is a fair price? Considering, I just bought brand new tires, brakes, battery, and water pump. Everything else on the car came out fine on the diagnostic.

In September, I put $700 worth of work into this car. Afterwards, the mechanic said, everything reads clear. Now, I'm dealing with this. My concern is that I will be looking at another expense down the road. With an old car, I'm weary to believe that I won't have any more major issues soon.

What is your advice? Repair the car or sell it? If I sell it, what's a fair price?

Thank you,

Melissa

Mcapps is offline  
Reply With Quote
Unread 01-20-2014, 09:48 PM   #2
Jack of all Trades
 
tofunater's Avatar
 
Join Date: Feb 2010
Location: Batavia, IL
Posts: 1,398
Rep: 77 tofunater will become famous soon enough
Default

How many miles does it have on it?
__________________
My rides:
--2012 Chevy Sonic LT hatch back w/1.4 liter turbo w/100k
--2005 Chrysler Pacifica w/175k - SOLD!
--1987 Chevy R10 Pickup w/80k
--1997 4.3L Chevy Blazer w/193k- SOLD!
--1998 Oldsmobile Aurora w/190k - SOLD!

tofunater is offline tofunater's Gallery  
Reply With Quote
Unread 01-21-2014, 01:07 AM   #3
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

Selling it needing that major of a service would be detrimental to its value. Head gaskets are common failures on Subarus and most people would not buy it for high value without proof of timing belt replacement recently.
__________________
"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
Unread 01-21-2014, 11:34 AM   #4
Veteran Member
 
Join Date: May 2007
Location: Austin, TX
Posts: 893
Rep: 36 enderx475 is on a distinguished road
Default

I bet you could find a used engine that you could swap in for cheaper than that. Subaru engines are compatible across a range of Subaru models and years.
__________________
Current Car
2002 WRX Stage 2+ w/ Cobb intake, Cobb EBCS, Mishimoto performance radiator, Cobb 3" downpipe, Greddy Evo2 3" Catback, StopTech slotted rotors & pads, stainless steel brake lines, 17x7.5 Gold BBS
Past: 2005 Volvo S60 R, 2003 VW Golf, 1998 Honda Accord

enderx475 is offline enderx475's Gallery  
Reply With Quote
Reply

Tags
car values, repair, sell as is

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 12:10 AM.

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