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June 29, 2008

Repair Older Car or Sell As Is?

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Filed under: Mazda repair — author @ 8:07 pm

Hi Dave! My husband has a 2002 Mazda 626 that has been a great car and it is paid off and worth approx $3500. We have been hearing some rattling in the front and grinding. We were told that it needed new brakes and struts. We got new brakes put on. We also have gotten quotes for the struts ranging from $1200 to $450. Big discrepancy! We have several questions, but a big one is how much should you spend on repair for a car, related to its value. Or do you sell the car now while it is still worth something? Also, is leasing a car ever a good idea? Thanks for your advice! Katy

Katy, in relation to a cars value I have always kept between 10 and 15 percent on repairs if I was going to sell the vehicle in the near future.

After all the vehicle may be ..

Source: extended car warranty

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