When should you sell your car vs repairing it?
My car has a couple engine leaks that require the engine to be removed in order to repair
it. The total amount of the repair is under $2K. It is an BMW X5 2001 with 125k miles.
When you start seeing a pattern of frequent repairs. Or if a major repair is needed and the money could easily be used as a down payment on something new(er). If I were in your situation I'd get rid of the car. Assuming you can afford a car payment. A 13 year old car with 125,000 miles on it is nearing the end of it's useful life. Removing the engine is a major task which involves removing and replacing many other components. Once disturbed, after 13 years, could really cause a lot of problems!! For example, a guy at work had a 1997 Ford Ranger pick up. He had a leaking freeze plug replaced which involved removing the engine. When he got the truck back the check engine light kept coming on and it kept stalling. He never had these issues before the engine was removed. After taking it back 4 times to the same repair facility he got rid of the truck. I also advised him not to get it fixed. Save yourself the money and aggrivation. Trade it in. HTH. -Jim
I think that with the age and mileage that your vehicle has it is time to trade it in or sell it yourself and purchase another vehicle. Pulling the motor could cause many other problems and repairs could be very costly.
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