duckedtapedemon
Active Member
So I could use a little advice with whether to put more money into my car or bail on it now.
Its a 2002 Honda Odyssey, been in the family since new. (Hardly the most desirable car for a 21 year old guy, but its essentially a 240HP Accord Hatch, so... its as good as minivan could be at least. And it was free to me, which was a damn good reason to say "Thank you mom and dad" and just rock a minivan.)
However, I was taking it into the 90k service this weekend knowing that the timing belt was due at anytime. However, literally the day I was coming home from college, the AC decides to go out. By go out I mean the compressor exploding and spreading bits of of metal throughout the rest of the system. Also, there was apparently a small oil leak, with some of the oil getting onto the timing belt. So now instead of just the $1800 timing belt job, I also have the $1200 AC job to contend with too as both the condenser and the compressor and everything in between are shot. The market value seems to be roughly $8k for a good condition.
The further complication is that this model has a well known transmission defect. Mine has shown no signs of slipping, and my mom babied it when she drove it.... but thats still a big repair hanging over me. I'd thought about getting rid of it when I got it because of that but I figured "Well, I'd just end up trading it for a used car of unknown reliability, at least everything else is fine on this one." Guess the jokes on me there.
I don't particularly like the car other than the fact I could easily carry me and my friend's mountain bikes in it, and the fact that with 240HP it was a lot faster than a 9 year old minivan has any business being.
I guess my question is whether I should fix the car, or get something else? I'd rather have something else in all honesty if I'm spending any money, but if there's no way for me to get any reasonable value out of this car, I guess I'll probably keep driving it. Fortunately, I have another car to drive in the meantime, so I don't have to do anything immediately.
How much would my trade in value at a dealer be affected by having no AC and a timing belt change due? How likely am I to sell it private party for a decent amount?
Thanks!
tl;dr Should I fix a minivan needing ac and a timing belt, or sell it and get an actual car I want more?
Its a 2002 Honda Odyssey, been in the family since new. (Hardly the most desirable car for a 21 year old guy, but its essentially a 240HP Accord Hatch, so... its as good as minivan could be at least. And it was free to me, which was a damn good reason to say "Thank you mom and dad" and just rock a minivan.)
However, I was taking it into the 90k service this weekend knowing that the timing belt was due at anytime. However, literally the day I was coming home from college, the AC decides to go out. By go out I mean the compressor exploding and spreading bits of of metal throughout the rest of the system. Also, there was apparently a small oil leak, with some of the oil getting onto the timing belt. So now instead of just the $1800 timing belt job, I also have the $1200 AC job to contend with too as both the condenser and the compressor and everything in between are shot. The market value seems to be roughly $8k for a good condition.
The further complication is that this model has a well known transmission defect. Mine has shown no signs of slipping, and my mom babied it when she drove it.... but thats still a big repair hanging over me. I'd thought about getting rid of it when I got it because of that but I figured "Well, I'd just end up trading it for a used car of unknown reliability, at least everything else is fine on this one." Guess the jokes on me there.
I don't particularly like the car other than the fact I could easily carry me and my friend's mountain bikes in it, and the fact that with 240HP it was a lot faster than a 9 year old minivan has any business being.
I guess my question is whether I should fix the car, or get something else? I'd rather have something else in all honesty if I'm spending any money, but if there's no way for me to get any reasonable value out of this car, I guess I'll probably keep driving it. Fortunately, I have another car to drive in the meantime, so I don't have to do anything immediately.
How much would my trade in value at a dealer be affected by having no AC and a timing belt change due? How likely am I to sell it private party for a decent amount?
Thanks!
tl;dr Should I fix a minivan needing ac and a timing belt, or sell it and get an actual car I want more?
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