Should I overhaul my car or buy a newer one?

Okay so I'm a delivery driver and currently have a 1997 honda accord 4 cylinder auto 2.2 l with 185k on the Chasse. So I have 6 k saved and planned to use this to keep me on the road and delivering. The car at this point is solid. No knocks rust or really any issues at all. Would it be wise to use this money to buy a newer car or use this money to overhaul my current car. Completely rebuild the engine trannny new bolt ons update the suspension the works?

"No issues at all" There's your answer. Don't do anything right now as long as your car is giving you no problems. If it ain't broke, don't fix it.

No rust, how wonderful. The time it will take to do the work will be the same now or when you really have a failure. I would wait and make repairs as needed. I have an old 1983 chevy truck with 384.000 miles on the original engine. Just watch your engine oil level. Honda makes great cars. I would just fix as you go as long as it does the job.

It might be better to buy a newer model low mileage vehicle since you need to depend on its performance for your work. It might be cheaper to do when repairs as needed, however the down time could negatively effect you income.

Keep saving your money - $100/week = $5000 in a year; $150/week = $15,000 in 2 years.
Don't fix it if it isn't broken. Don't ask for trouble, just keep up the fluids, replacing as needed with filters, belts and you'll be good for another 135,000 miles - give or take a few. TLC - take care of it, keep it maintained, clean and it will usually last. They were designed for 20-25 years $12,000-$15,000 miles per year - roughly 300,000 miles.

I would run this vehicle until a prohibitively expensive repair is required and then go get something with less wear and tear. Unless you like messing around with cars and want to keep your current vehicle for another 10 years, don't rebuild/swap the engine and transmission. If your suspension has worn out bushings (common at this point), consider replacing them if it can be done at a reasonable cost.

Don't spend to fix anything that isn't broken other than routine maintenance.

If & when your motor or transmission goes out, that's when you have to decide what you want to do.

Because the cost of rebuilding either would cost nearly as much as the car is worth.

I've been driving a 94 model for 10 years. I can't predict the future but my hope is it will continue to serve me for another 5+ years.

However, if the motor or transmission were to go out, my car would be worth maybe $150. Even a used motor or transmission with labor would cost probably $1200-1500. And a new or rebuilt one would cost over $2000. More than the car is worth fixed.

So it probably wouldn't make economic sense to repair it.

Any money you spend does NOT increase the cars value, it just maintains it.

So if my car is worth $1400 today, it would be worth $1400 after I spent $1500-2500 on a used or rebuilt motor or transmission.

So, in short, drive it forever if you can. But be aware that sinking thousands into an old car doesn't really increase its value.

In other words, if My car is worth $1400 but the motor blows up on the way to walmart, its value plummets to $150 and it would cost me $1500-2500 to make it worth $1400 again.

It may or may not be worth it over the long run. But I would probably call up a buddy and see if I go to a wholesale auction using his dealerships credentials, pay cash for the car and then pay him a few hundred plus taxes & title for his trouble. (I would just want him to call the auction & tell them to let me buy a car under his dealerships name and pay cash for it)

Then I would hope that he would be willing to facilitate the paperwork for $200-500 plus taxes and title fees.

I used to be a dealer about 10 years ago. I no longer am.

Way back when, about 25 years ago, I took people to an auction for $200 fee because I was going anyway.

I knew a dealer who would charge retail customers $500 or 10% whichever is more.

I'm assuming the private party value of my car is $1400. Its probably worth $700 wholesale and $1995 retail. And $150 if it quits running. Not including the tow home.