Should I sell my aging car?
I'm currently own a 1997 Automatic Honda Prelude that I use as my daily driver. I've had it for about 2 years with no issues but I will be moving to the city for my sophomore year of college. I have saved enough money to buy myself a newer used car. Should I keep the car even if the repairs that will come later on will cost more than what its worth, or sell it for a used Nissan 350z?
So, you are a college student with a working car, known for long life, reliability well beyond 200,000 miles with basic service, not to mention cheap insurance… And want to get rid of it because it might need some maintenance someday?
This is how I get my cars for so cheap.
Buy $0-$500 car, put a couple hundred into it, drive it for another 50,000-100,000 miles, run liability and save thousands a year.
350z is a sports car, likely bought because it was quick and sporty, driven hard for several years, and being sold when it started to have issues, unlike your car, which is working fine… (yeah, Preludes were sort of sporty, but are basically accord coupes with a facelift).
No. Keep it until it dies. Especially if you are in school. Better a reliable junker than a potential headache.
Always keep your car if it's not giving you issues, only sell it if it has a problem that is too much to handle. I don't think a 350Z is a good car choice for a college student, they are very expensive to insure.
Wow two years with no issues, that sounds incredible. I guess you will have to decide if a known quantity is more or less risky than an unknown.
Drive till the wheels fall then put new wheels on it and drive it till the engine falls out. At that point, you should sell it.
Honda's are excellent cars and the Prelude is now coveted by many.
I'm like Ian. I'm also 45 years old. I have never bought a new car nor ever paid more than $5000 for one. Most of my cars though have fell into the $500 - $1,000 range. I just bought an '89 Toyota Celica convertible that runs great, looks good and the only thing wrong with it is the passengers window has a short in it and wouldn't roll up and down. A $20 fix if you just find a Mexican mechanic, which I did. I paid $900 for it and all my friends love it and many people ask me where I found it. I tell them the truth, some college kid who had only book knowledge and NO COMMON SENSE decided he would get rid of it cheap because the window wouldn't roll down and he didn't know any Mexicans.
Oh my god i think it is time for you to sell it but still to good maintainance
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