I have a 2003 Accord V6 EX-L with a little over 220k miles on it. It
is due for new tires, water pump and 2 of the engine mounts are
cracked. Parts/labor would probably cost me around $1500+. What is
a fair price to have the water pump and engine mounts replaced? I am
in Philadelphia area. It still runs well, but wondering if other
things will start to go on it. Should I save the $1500+ and use the
car as trade-in on another car, or should I try to squeeze a little
more life out of her?
2-door or 4-door? Auto or manual transmission? 5-speed or 6-speed?
Check the private party price of this car at www.kbb.com . I would say
your Accord is in "fair condition." A few assumptions suggest it is
worth around $5k "as is" in Philadelphia. Could $6500k buy a
comparable car? Maybe, the catch is it would be used and you would not
know its history well.
The only reason fixing everything would not be worth it is if you just
like to drive a new car. If this is the case, the heck with money.
Trade it in.
On Tue, 09 Nov 2010 05:40:22 -0500, George Gonzola
I asked the same question a few weeks back about my 91 Accord with
120k. It needs, at least, tires, the major service (must be at least
$500), and a paint/rust job. But that's all that I know for sure that
it needs and it seems to run fine.
$5K seems quite high via Edmonds estimate - about half that is more likely.
Nevertheless, water pump and timing belt could run about $800 at a dealer.
Add in another $100 for plugs plus a likely needed tuneup with fluid changes
and the cost climbs rapidly. Are the brakes decent? That could add as
much as another $500, depending on rotors & pads. If there is any doubt
about the transmission, I'd cut my losses. If the transmission is running
well, the decision gets more difficult.
Any trade you'd get on such a car would likely be the discount you'd get
with no trade.
I'll be facing a similar situation in about a year where my 2000 V6 EX
Accord currently has about 194k miles, but in my case, the battery, brakes,
fluids & tires should be good for another 50-60k, having made a $3k
maintenance investment at about 185k miles.
For me, I can justify a lot of repairs to offset the sales tax and property
tax on a (newer) replacement vehicle (plus added insurance if going for a
I should have added that even with the relatively big $3k investment at
185k, my cost has been about 17 cents / mile plus gas (about 28.5 mpg
overall), property taxes & insurance (including full depreciation).
Needless to say, I've been VERY pleased with that vehicle.
I am aware that Edmunds gives much different numbers for used car
values. However Kelley Blue Book is the standard. Ask around. See also
Motorsforum.com is a website by car enthusiasts for car enthusiasts. It is not affiliated with any of the car or spare part manufacturers or car dealers discussed here.
All logos and trade names are the property of their respective owners.