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When Do You Say I Give on Car Repairs

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buckeyebri

buckeyebri

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    • So, my daughter's car has cost me about $1000 in repairs over the last couple of weeks. It is a 2006 Chevy Equinox with about 95,000 on it. It is totally paid off so that helps, but I can't help think that it is going to keep nickel and dimeing me to death moving forward.

    What is the breaking point to decide it is time to chuck it and move on?
     
    Car repairs can be expensive. I have a '96 Ford Ranger that I drive around town, it has about 180,000 miles on it but it still runs like it did when I drove it off of the lot because I've taken care of it. Parts wear out. I would go online and see if that particular car has a history of mechanical failures. It costs money to keep a car on the road.
     
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    buckeyebri;2183323; said:
    So, my daughter's car has cost me about $1000 in repairs over the last couple of weeks. It is a 2006 Chevy Equinox with about 95,000 on it. It is totally paid off so that helps, but I can't help think that it is going to keep nickel and dimeing me to death moving forward.

    What is the breaking point to decide it is time to chuck it and move on?
    Click to expand...

    If you spend more on repairs in a year then the actual Kelly Blue Book value, I think that is the breaking point.

    Case in point, a co-worker of mine has an old Monte Carlo (mid 90's I think) which in his mind is mint (good condition at best) and has already cost him $8,000 this year alone. Blue Book value for his car today is about $3,700. He could have purchased a newer used car for the same amount he spent in repairs.
     
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    Why are you paying to fix your daughter's car? Or is it your car that you allow your daughter to drive? If it's her car then let her take it from here and decide to either pay for future repairs herself or sell. If it's your car, I'd sell the money pit.
     
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    Well, the title is in my name so technically it is my car. She is a college student and so most of the money still comes from mom and pop. The repairs were new front wheel bearings and then today a new ignition cylinder because it wouldn't turn. I found out that the ignition cylinder is a big problem on the Chevy Equinox.

    I really just want the vehicle to get through the next year (her senior year) of school without anything more going wrong. Then she can take it from there.
     
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    buckeyebri;2183644; said:
    Well, the title is in my name so technically it is my car. She is a college student and so most of the money still comes from mom and pop. The repairs were new front wheel bearings and then today a new ignition cylinder because it wouldn't turn. I found out that the ignition cylinder is a big problem on the Chevy Equinox.

    I really just want the vehicle to get through the next year (her senior year) of school without anything more going wrong. Then she can take it from there.
    Click to expand...

    Are you getting multiple quotes? Wheel barrings and an ignition cylinder shouldn't cost you a grand installed unless they are splitting atoms between coffee breaks.
     
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    buckeyebri;2183644; said:
    I really just want the vehicle to get through the next year (her senior year) of school without anything more going wrong. Then she can take it from there.
    Click to expand...

    Shocked it didn't need new shocks with all of the bouncing up and down that occurs in the back seat of HS students' vehicles.
     
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    buckeyebri;2183323; said:
    So, my daughter's car has cost me about $1000 in repairs over the last couple of weeks. It is a 2006 Chevy Equinox with about 95,000 on it. It is totally paid off so that helps, but I can't help think that it is going to keep nickel and dimeing me to death moving forward.

    What is the breaking point to decide it is time to chuck it and move on?
    Click to expand...

    It's always good having a trustworthy mechanic friend. Those prices are so inflated due to labor costs, as the part itself is usually inexpensive and is adjusted 2 to 3 times the normal cost.

    Also, what's the issue on the car? If it's engine related, then the price is probably a fair estimate.
     
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    buckeyebri;2183644; said:
    Well, the title is in my name so technically it is my car. She is a college student and so most of the money still comes from mom and pop. The repairs were new front wheel bearings and then today a new ignition cylinder because it wouldn't turn. I found out that the ignition cylinder is a big problem on the Chevy Equinox.

    I really just want the vehicle to get through the next year (her senior year) of school without anything more going wrong. Then she can take it from there.
    Click to expand...

    If you only want it to get her through the next year, I would fix it (obviously look around for better quotes). Do you want to buy a new/used car for only the next year (spending $xxxxx) or fix it for her and only spend at the rip off price of $1,000
     
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    Shoot NYBuck an email and ask him to explain Sunk Costs to you. Then you will have a very detailed explanation on how to determine if it is worth putting more money into this beast.

    How about just giving her a bus pass for senior year? That's what the cool parents are doing.

    Also, why is she showing up on my LinkedIn account as a recommended connection?
     
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    I took my wife's car down to be looked at this morning, the esc off light is on, the clock keeps resetting and it's hesitant on start up. It's under warranty so it's no big deal. The big deal is the rep told me 3 hours ago that he'd call me in an hour to let me know what's up and I'm still waiting. It's like being held hostage.
     
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