When to sell?

[Go!]

I have a 2001 Accord (DX) Sedan. 215,000 miles. Automatic.

2 Owners. (Me + previous).

Transmission was replaced @ 140k. Radiator replaced last summer. Alternator was replaced @ 120k. I just fixed a transmission leak this week.

Should I just drive it til it dies and get $200 from an impound lot or should I sell it now while it still is running with no OBVIOUS issues. (Theres got to be tons of things wrong with it. I think radiator fan is giving out. Transmission is sort of slipping. Rough idles occasionally. ect)

Thoughts?

 

[DrOwZee]

i would sell it while you still can.

 

[RedRyder]

Not worth much now, will be worth less later. Either drive it until it dies or if you have the funds for a newer car sell it for what you can.

 

[nabwong]

I'm facing the same issue. I've no issues with my car. Just replaced the evap canister. Timing belt due in 10-15k. I guess the most I can get is $3000 for the car. I think you've got to think about how much you can save in a year vs selling the car.

Say you sell it for $3000 now, you have to spend a lot to get a newer one. But if you run it to the ground, maybe you can save more than $3000 (minus cost of maintenance) in that year. I don't know your financial situation but that's what I'm thinking about. Also it depends if you're buying a used or new car.

So they way I'm looking at it, sell if you're buying a used. Drive it to the ground if buying new and if you can save more than $3000.