| I
have a 1997 Honda Civic. I bought it in 2004 for $4,000 when it had
100,000miles on it. Today it still has only 110,000miles on it.
In those 4 years I have had to spend only about
$200 on its maintenance, including regular oil changes.
I do not use the car much -- I have never
really driven it outside a 10-15 mile radius. And whenever I do drive, I
am extremely careful with it.
The car was running perfectly until yesterday
when it started making a noise -- as if there was something seriously
wrong with it.
The mechanic opened it up and said that the
crankshaft seems to have suddenly broken and I am lucky that I even made
it till his shop.
Now I have the options:
A) Rebuild the entire lower part of the
engine by buying a new crankshaft, bearings, and other parts. That would
cost me about $2,300 including tax and labor;
B) Buy another used engine that he has
located. This engine from LKQ already has about 70,000miles on it. He
would install that engine into my Civic for about $2500 total.
If, for the next few years, I am likely to have
the same driving requirements that I have had for the last few years,
then what are the pros/cons of the options (A and B above) and which is
better?
If I were to instead just buy another used car,
would that be unnecessarily expensive for my needs?
If not, what range (mileage/cost) of used cars
should I be looking at to buy?
If I get these same repairs done at a Honda
dealer, rather than an independent shop, would it be worth the extra
amount that dealers supposedly charge?
I am just thinking what would be the dollar
value of my Civic today before repairs and later after these suggested
repairs?
And since the car is already pretty old, what
are the chances that I would have to do expensive repairs again in the
upcoming weeks/months?
Any tips, suggestions about my current
situation -- or new options I haven’t thought of -- will be greatly
appreciated.
Thanks very much!
JF, US |