What do I do?

Urthman · 04-03-2008, 07:50 AM

Hey...I need some advice.

I currently drive a 2003 Adrenalin Edition Sport Trac. It has 87,000 miles. I love the truck, but I have some problems. If you were in this situation what would you do...trade it in or repair it?

I owe $2,000 (approx.).
In it's current condition it is worth $6,500 (approx.)
I just found out that I need about $2,000 in repairs on the engine and brakes.

Over the past two years I've spent about $2,000 in other work but most of it was just general maintenance.

I wish this didn't happen until next year at this time so I could just trade it in on the new Camaro.

Thanks for the advice.

*GTAHVIT* · 04-03-2008, 10:59 AM

I think I would fix it and hang on to it until you can get a Camaro. It really depends on how much money you want to have for a trade in.

MattG · 04-03-2008, 11:36 AM

At 5 years old, I would think the vehicle is at the point where:

a) The value is really going to start to decline;
2) Repairs and maintenance costs are going to continue to mount up (as indicated by the costs you already mentioned above).

I would consider replacing it with a slightly newer vehicles (2-3 years old) that you can get for a reasonable price. Then you have a 4-5 year old vehicle to trade in for your Camaro.

*GTAHVIT* · 04-03-2008, 12:07 PM

I like Matt's idea better.

Forget what I said.

Urthman · 04-03-2008, 01:01 PM

Thanks guys. I'm probably going to end up replacing it. Of course, now I'm looking at the G8 GT!

*TAG UR IT* · 04-04-2008, 01:16 AM

If you can sell the car at what it's worth (w/out having to deduct for repairs), shoot...go for it and get a G8 GT. Save yourself now and put yourself into something reliable.

Chevyrocker · 04-04-2008, 11:14 AM

get out before you dump more money in it.

04-03-2008, 07:50 AM	#1
Urthman Future Camaro Owner Drives: 2010 Jeep Wrangler Sahara 4dr Join Date: Aug 2006 Location: Virginia Posts: 544 View My Garage	What do I do? Hey...I need some advice. I currently drive a 2003 Adrenalin Edition Sport Trac. It has 87,000 miles. I love the truck, but I have some problems. If you were in this situation what would you do...trade it in or repair it? I owe $2,000 (approx.). In it's current condition it is worth $6,500 (approx.) I just found out that I need about $2,000 in repairs on the engine and brakes. Over the past two years I've spent about $2,000 in other work but most of it was just general maintenance. I wish this didn't happen until next year at this time so I could just trade it in on the new Camaro. Thanks for the advice.

04-03-2008, 10:59 AM	#2
GTAHVIT Blessed Drives: 2013 Sonic RS MT Join Date: Dec 2007 Location: Saint Augustine FL Posts: 28,444 View My Garage	I think I would fix it and hang on to it until you can get a Camaro. It really depends on how much money you want to have for a trade in. __________________ Click image to see build thread. PQ - "the love of cars. It's a boys first step toward manhood and a mans last hold on boyhood." Fbodfather - "We do not want to use the Z28 moniker on a car that does not deserve this hallowed name." The_Blur - "Let's not confuse competitors with equals."

04-03-2008, 12:07 PM	#4
GTAHVIT Blessed Drives: 2013 Sonic RS MT Join Date: Dec 2007 Location: Saint Augustine FL Posts: 28,444 View My Garage	I like Matt's idea better. Forget what I said. __________________ Click image to see build thread. PQ - "the love of cars. It's a boys first step toward manhood and a mans last hold on boyhood." Fbodfather - "We do not want to use the Z28 moniker on a car that does not deserve this hallowed name." The_Blur - "Let's not confuse competitors with equals."

04-03-2008, 11:36 AM	#3
MattG Z/28 or Bust! Drives: First Camaro: '69 Z28 Join Date: Oct 2007 Location: Dallas, TX Posts: 107	At 5 years old, I would think the vehicle is at the point where: a) The value is really going to start to decline; 2) Repairs and maintenance costs are going to continue to mount up (as indicated by the costs you already mentioned above). I would consider replacing it with a slightly newer vehicles (2-3 years old) that you can get for a reasonable price. Then you have a 4-5 year old vehicle to trade in for your Camaro.

04-03-2008, 01:01 PM	#5
Urthman Future Camaro Owner Drives: 2010 Jeep Wrangler Sahara 4dr Join Date: Aug 2006 Location: Virginia Posts: 544 View My Garage	Thanks guys. I'm probably going to end up replacing it. Of course, now I'm looking at the G8 GT!

04-04-2008, 01:16 AM	#6
TAG UR IT www.Camaro5store.com Drives: 2014 ZL1 #705 Join Date: Jul 2006 Location: SA, Texas Posts: 26,558 View My Garage	If you can sell the car at what it's worth (w/out having to deduct for repairs), shoot...go for it and get a G8 GT. Save yourself now and put yourself into something reliable.

04-04-2008, 11:14 AM	#7
Chevyrocker Weekend Rockstar Drives: Depends on the day... Join Date: Mar 2008 Location: West Palm Beach Posts: 1,444	get out before you dump more money in it.