Submitted by Ihateporn2020 t3_126uuln in personalfinance
Maybe I'm just dumb, but I'd appreciate some help thinking through this.
He has a 2009 Honda Civic with 95 K miles. He got unlucky and the the mechanic told him he has to replace his entire engine for about 4K. They offered him 1 k trade in value. Looking up the value online, his car would be worth about 8K if the engine were repaired.
At this point would it be best for him to just get a new used car and finance? It almost seems he'd be best of doing a combination of that, and then actually getting the engine replaced on the old car and then selling it for about the 8k. What am I missing here?
Werewolfdad t1_jeay2l9 wrote
Get a second opinion on the engine and probably replace it may be the play here. Then just keep driving it