I have a 2004 Cadillac CTS with 161000 miles on it. The repair issues (computer malfunction and catalytic converter failure) will be around $3000 to repair. I just bought a new car and was going to sell this Cadillac to a friend for $2500 but the repairs are more than its worth to sell. Should I scrap it? Fix it and lose money? Any advice?

Asked by Mar 02, 2016 at 06:44 PM about the 2004 Cadillac CTS Base

Question type: Maintenance & Repair

I have a 2004 Cadillac CTS with 161000 miles on it. The repair issues (computer malfunction and catalytic converter failure) cost $3000 to repair in total and I was going to sell the car to a friend for $2500 (around what its worth now). Since the repair fees are more than its worth should I just scrap the car or fix it and lose money? Any advice?  (I recently bought a new car so I don't need this one and my friend does).

1 Answer

4,565

If the person you planned to sell it to is a real friend, ask him what he would like to do. This failure could have happened to him 5 minutes after you signed the paperwork. Maybe he would be willing to share the cost with you. Also, $3000 might be able to be reduced depending on the shop you use. See if you can get the work done cheaper. The car will last well past the 161K it has on it now. Instead of scrapping, why don't you just give it to the proposed buyer and let him pay the repair bill.

Your Answer

Add photo

Related Questions

Search Cadillac CTS Questions

Cadillac CTS Experts

#1 Brandon Foster
Brandon Foster
Reputation 1,160
#2 Gaetano Viesti
Gaetano Viesti
Reputation 970
#3 RushIII
RushIII
Reputation 670
View All

Related Models For Sale

Used Cadillac CTS-V
12 Great Deals out of 483 listings starting at $8,998
Used Chrysler 300
344 Great Deals out of 20,500 listings starting at $1,000
Used Cadillac SRX
340 Great Deals out of 8,603 listings starting at $2,497
Used Cadillac STS
57 Great Deals out of 1,088 listings starting at $1,300
Used Cadillac Escalade
245 Great Deals out of 11,005 listings starting at $3,000
Used BMW 3 Series
969 Great Deals out of 33,695 listings starting at $1,000
Used Ford Mustang
397 Great Deals out of 47,365 listings starting at $1,999
Used Mercedes-Benz C-Class
479 Great Deals out of 28,810 listings starting at $1,499
Used BMW 5 Series
514 Great Deals out of 15,622 listings starting at $2,499

Used Cars For Sale

2017 Cadillac CTS For Sale
13 Great Deals out of 3,532 listings starting at $27,265
2016 Cadillac CTS For Sale
17 Great Deals out of 1,261 listings starting at $25,888
2015 Cadillac CTS For Sale
8 Great Deals out of 404 listings starting at $17,900
2014 Cadillac CTS For Sale
37 Great Deals out of 1,373 listings starting at $15,432
2013 Cadillac CTS For Sale
11 Great Deals out of 440 listings starting at $10,997