Thinking of trading in my car?
I have a 2006 honda civic sedan. It has the speed sensor messed up (you can go 45 but it will say you are going 71) and it needs the high end pipe replaced on the A/C. Everything else is fine. The oil has been changed regularly along with the brake pads, has some minor cosmetic damage (scratches but nothing MAJOR) I would like to get a different vehicle (don't have the time to fix it and need another vehicle to get a job I'm applying for, driver) What would be the best option to go with? Sell it myself and then put that money towards another vehicle? What about taxes and licences? I live in KY so what are the guidelines for that?
Getting it fixed will take less time than the process to replace it. And if you sell it broken you will only hurt yourself - not only will the potential buyer deduct the cost to fix it, your selling a vehicle with multiple unrelated problems will tell people that you don't take good care of your vehicle - most people fix problems as they come up, not wait until you have multiple things wrong and then sell it.
Just fix it - you can skip the speed sensor if it is too expensive as a GPS will provide your MPH. Have the A/C fixed - probably won't cost more than a car payment or two and you will have a car that you can drive payment free - if the cost of repairs starts to get to extensive (more than 300-400 a month (think the amount of a car payment) over a years time then start considering a new(er) car.
Repair it
I agree with all the other answers. Fixing the car is you absolute best course of action. You have a great car in the Honda Civic so keep it.
- Will a car dealership work with me if I'm gonna lease a new car, while trading in the car I have, which has an outstanding loan against it? The car I have now has a loan against it which is worth more than the trade in value of the car by about $5000. If me and a family member were BOTH looking to lease a new car (so 2 new cars), does anyone know if a dealership will be working to work with me in any way? Also the cars looking to be leased are not high end or luxury cars, they d be coming from a dealership like Honda, Toyota, or Subaru.
- Trading in financed car? I have a 2016 Hyundai with 35k miles. I still owe $14,500 on the car. Is it possible to trade the car in for instance, a $9,000 used Honda, without owing money? My goal is to eliminate monthly car payments.
- How to transfer my auto-loan to another vehicle when trading? I'm a planning to get rid of my Honda to get a Nissan. I still owe about $1.5k on my Honda through Chase Bank. I will also pay $2k more for the Nissan. So basically is there anyway to transfer the loan to my new vehicle? And if possible can I add the $2k onto the loan? So I would then have a $3.5k loan? Basically I'm trading this guy for his Nissan 350z and I will pay him $2000
- How does trading in your car work with Honda? So I have this used acura that is worth about 6 to 7 thousand dollars. And I saw this used jeep wrangler I really like that cosr a little under 26 thousand dollars. So how would that work if I traded in my Acura for that other car? My payments are about 180 a month, would my payments increase?