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Should I fix a 2001 toyota camry thats been sitting for a year?

I was driving on the highway, and suddenly smoke started blowing off the back, and I had to have it towed to my house. I needed to replace the engine, but I held off on doing that. I believe it happened because I didnt change the oil or something, thats what I remember from what the highway assistance guy said. My mechanic said that I'd probably be better off looking for a used car to buy instead of fixing it, since a car sitting for long periods of time can have more damage from time, but I've heard that toyota camrys are one of the best to have so i'd really rather not give it up.

Update:

Oh yeah, its pretty worn down. Its got over well over 200k miles o3o

19 Answers

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  • 2 years ago

    It's a Toyota! It wasn't worth two chewed flies the day you bought it. Don't waste any more money on it.

  • Anonymous
    2 years ago

    Go ahead, could be good

  • arther
    Lv 5
    2 years ago

    An 18 year old car with a blown engine usually means its scrap metal the replacement engine along with everything else the car will need will cost more than a replacement car thats half its age.

  • 2 years ago

    Listen to your mechanic and get another car. Make sure you do the routine maintenance on your next car.

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  • 2 years ago

    It is an 18 year old car that has a blown engine because you didn't do normal maintenance like changing oil.

    Average cost--just the engine, not the labor to put if it is around a grand. At least another $500 in labor, so you have about $1500 invested in a car worth between $200 and $500.

    Put it up for sale as is and move on.

  • ?
    Lv 6
    2 years ago

    Sell the car to a young person who has nothing to do but fix up cars.

  • 2 years ago

    Your mechanic seems to be telling you that he doesn't want to mess with it.

  • 2 years ago

    If you can't even remember to change the oil and filter every 3,000 miles you probably didn't do anything to the car but drive it.

    It's your money. At least another used car is moving!

  • 2 years ago

    Unless you live in a place that floods, 1 year won't make much difference. Fix it if you have the money. If you don't have the money for repairs, you neither have the money for another car.

  • 2 years ago

    There are 3 relevant numbers.

    1. What can you sell/scrap the vehicle for as is?

    2. What would it cost to fix?

    3. What would it sell for after being fixed?

    If 1 + 2 is greater than 3, there is no financial reason to fix it.

    It 1 + 2 is less than 3, even if you replace the car, you can come out ahead repairing it before sale.

    I suspect the mechanic is correct that is isn't worth fixing.

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