Well I've reached the point where my car, my first car that I've had for 12 years, might need to go.
This is either a very difficult decision or a very easy one and I'm just clinging on to the idea of having a car/holding on to my first car. The car is a 2002 Mazda Protege with 105,000 miles. KBB value with good condition is $3300. However this car needs some mechanical work, and an estimate I got from a mechanic totaled 1700.
Brake pad/rotor + labor - 320
Catalytic converter - 700
2 oxygen sensors - 400
labor - 200
I have not gotten a second opinion, but going on the repairpal website, this estimate seems within reasonable limits, if at the upper end of them. It seems inevitable I would have to pay a large sum to get the car fixed, and one complicating factor here is that a bad catalytic converter can be caused by problems elsewhere, so simply replacing the cat will result in having to buy a new cat soon enough.
On top of that, I've already put $1800 into the car this year in repairs. These were the first major repairs in this car's life though, so in theory, with all these new parts, nothing else will go wrong for a while.
I live in a city where public transport and zipcar are easily accessible. I signed up for zipcar and have taken a few rides using it. It is much more of a hassle than being able to walk out my door and hop in my car. That being said, I wasn't driving the car much, and in fact was only refilling about once every 2 months.
All necessary errands are within walking distance and basically everything except going home can be done with public transport.
Put the car up on craigslist the other day to gauge interest and have gotten 20-25 emails back, so clearly it wouldn't be hard to sell.
So that all would seem like a strong case for selling the car. Yet I haven't pulled the trigger yet, probably because I practically can't see myself without the car, and the convenience of having it right out in the parking lot is awesome.
So, TL, what do you think?
Poll: Fix or Sell?
13 total votes
13 total votes
Your vote: Fix or Sell?