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

4,955

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 1,270
#2 Gaetano Viesti
Gaetano Viesti
Reputation 990
#3 RushIII
RushIII
Reputation 680
View All

Related Models For Sale

Used Cadillac CTS-V
8 Great Deals out of 490 listings starting at $8,998
Used Cadillac SRX
348 Great Deals out of 9,062 listings starting at $2,495
Used Chrysler 300
395 Great Deals out of 18,209 listings starting at $1,000
Used Cadillac STS
36 Great Deals out of 991 listings starting at $2,500
Used Cadillac Escalade
200 Great Deals out of 11,013 listings starting at $2,500
Used Ford Mustang
698 Great Deals out of 44,786 listings starting at $1,500
Used BMW 3 Series
1,026 Great Deals out of 31,544 listings starting at $1,000
Used Mercedes-Benz C-Class
603 Great Deals out of 24,921 listings starting at $1,995
Used Mercedes-Benz E-Class
430 Great Deals out of 19,555 listings starting at $1,200

Used Cars For Sale

2017 Cadillac CTS For Sale
43 Great Deals out of 3,422 listings starting at $30,999
2016 Cadillac CTS For Sale
15 Great Deals out of 785 listings starting at $24,950
2015 Cadillac CTS For Sale
5 Great Deals out of 264 listings starting at $18,300
2014 Cadillac CTS For Sale
43 Great Deals out of 1,581 listings starting at $16,000
2013 Cadillac CTS For Sale
9 Great Deals out of 367 listings starting at $11,990

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use.