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How do you when to replace a car instead of repairing it?

I have a 1999 Ford Taurus with almost 180,000 miles. The car has been running rough (like it was being choked) for the last month or so. Yesterday I heard a low thud and after that the car wouldn't go over 27 mph. The engine still revs to 5000 rpms before I gave up. I fear it is the transmission. Blue Book value for a trade in is about $950 to $1700 but that is in running condition. I would not feel comfortable throwing a tranny problem someone else's way. I have had the car for 6 years now and have invested about $1700 in the last year (tires included) and about $800 the five years before that. It seems like this car is on it's last leg. I have up to $10,000 I could put towards a new(er) car. Would you advise repair or replace? Is there a special formula to help figure this out?

Update:

No sentimental value. But my dad gave it to me and I don't want to give up too early and make him feel like I don't accept it. Car is black so I would like to get a lighter color.....it's over 100 degrees where I live!!

7 Answers

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  • 9 years ago
    Favorite Answer

    "It seems like this car is on it's last leg".

    Everyone seems to have this impression when something goes wrong with their car and it's usually a simple fix then every things back to normal. You will most likely sell it to someone that all they need to do is replace the shift solenoid or torque converter and they will be on their merry way. It happens all the time.

  • 9 years ago

    sounds like its on its last legs.. When you replace is when the cost of repairing exceeds the value of the car.. and a wrecking yard will give you a h##l of a lot more then $10 for it, the price of steel is up, and most places you call if you can drive it into the yard its worth $500 or so, my friend got $680 for his 1993 explorer that was wrecked rusted out, had 1 dead cyl on the engine, and the trans only had reverse, but he drove it into the yard off the trailer in reverse

  • 9 years ago

    The car is begging to go to the boneyard. There are folks who need parts off it. The wrecker might give you $10 for it if you're lucky. For $10,000 look for a 5 year old Japanese car that you can drive for another 15 years without all the problems your Ford gave you in 6.

  • 5 years ago

    No, you are not going to get a new car. If the fee of repairs exceeds the value of the automobile, then it can be regarded a complete loss. Considering the fact that your vehicle is definitely worth greater than $4000, the insurance enterprise will restore your auto. You aren't entitled to a new automobile.

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  • 9 years ago

    Technically, we refer to BER principles, i.e. Beyond Economical Repair. If the servicing cost is costing equal or more than the value of the car, it simply not worth to do to spend a single cent on it....unless due to some sedimental value.

    $10,000 can go for a newer second hand car!

  • Anonymous
    9 years ago

    Time to retire it. Look at certified used cars.

  • Mark F
    Lv 7
    9 years ago

    Donate or TTJY (Take to Junk Yard)

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