Post # 1
My transmission is gone. It’s going to cost at least $1500 to get it fixed (but probably closer to $3000). The whole car is only worth $5000 or $6000. Crap. So, here are our options:
-Fix it. My dad said he’ll give us $1500 toward it, but who knows what that will cover. We’ll be on our own for anything else, and we are already completely broke because we’re trying to pay for this stupid wedding. On top of that, since the car already has 215,000 miles on it, we don’t know that it’s going to last that much longer anyway. It’s in really good condition, but with such high mileage, you never know. We could get the transmission fixed only to have the engine die on the way home from the shop.
-Sell it and buy a new (but old and probably kind of crappy) car. I don’t know how much we could actually get for the car right now, but it would be enough to get something. Of course, since it wouldn’t be a good car, that thing might die immediately, too.
-Sell it and do without my car for the next four months. Dallas is not a good city to be in if you don’t have a car, but FI thinks we could make it work. We carpool to work most days: his office is right next to the train station, and my office is right next to another. I’ve been doing that for the past eight months to save gas money. The problems would be when we both need to go places. There would be a big problem at the beginning, too, since his car is standard, and I can’t drive stick. I can learn, but it will take a little while. The other problem is that FI’s car is falling apart. We had already decided to buy him a new one as soon as we could after the wedding. The very appealing pro of this situation is that we would suddenly have almost all the money we still need to save for the wedding, and we wouldn’t have to worry about that anymore.
-Sell both our cars and buy a not-completely-awful car we can both drive. It still wouldn’t be new, but it would be something we could both drive, and it would be better than FI’s car. It would still have the problem of only being able to be in one place at a time, but it wouldn’t be as likely to die. We might have some money left over at the end, but it wouldn’t be as much as if we just sold mine.
Post # 3
Obviously you are tight on money, but i am too, i only put down $500 on my car when i got it (2009 nissan sentra) and my payement are around $300 a month.
I say you take the $1500 that your dad offered and put that as a down payment, and buy a new or nice used car. It is worth it. THere is no reason to spend money on a crap car that you know is going to break down in the next year… and it seems like it will be too difficult to not have a car at all.
OH, or look into leaseing a car that will only be about $150-200 a month..
Good Luck Girl! Sorry you have to go through this 🙁
Post # 4
Getting a new trans would totally depend on the make and model of your car. If it’s a honda or toyota, I’d say it’s worth it because those cars can go forevverrrrrr.
If not, I would sell it and get another cheapy car. Spend a little while looking so you get a good deal.
I wouldn’t get a car payment, personally!
Post # 5
@HeatherShane: The $1500 is only offered if we use it to fix the car, unfortunately. 🙁
@TheLionQueen: It’s a Lexus, actually, which is part of the reason why I’m reluctant to get rid of it. Toyota really does know what it’s doing. This car, up until a couple days ago, looked almost brand new, despite having ten years and 215,000 miles under its seatbelt. FI and I have definitely decided that Toyota is the way to go in the future. We’re just not sure what to do now.
Post # 6
@HeatherShane: Depending on how tight you are on money… even $150/mo is A LOT to me! But I do think you should go for a little nicer car. And if you decide to stick with only one vehicle for a little while it might be best to sell both of yours for something a little better that is less likely to poop out on you too.
Post # 7
@GreenEyedMoon: you can get a used toyota with 100 plus miles on it for 1500-3000 dollars through private sellers, or websites like CarMaxx. My sis just got rear ended and had to get a new car….there were tons of Toyotas for sale! Pretty nice ones too, for the price. They usually have 150-175k miles on them, but if they were well taken care of, they will be a good investment.
Post # 8
@GreenEyedMoon: I had the transmission fixed on my car, but that’s because my dad (who is a good mechanic) assured me that it would put it back into put it back into “good car” status. but my car is one with a reliable track record (mazda) and it has low mileage. everything else on it runs perfectly.
don’t buy a used car if you think you can only afford a crappy one. it will be just as big a gamble as fixing your current one!