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Old 10-14-2012, 07:45 PM   #1
Joe Riley
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What would you do - fix or sell?

I've had a 1997 Honda Prelude for two months now. I paid $3651 after tax. In the first week, I paid $625 for three tie rod replacements. The steering rack is cracked which is $615 to replace. It has 117k on it and has not had the timing belt replaced. The serpentine belt is a little loose. Really bad exhaust leak. Automatic. The trans is slipping, needs a rebuild.. That's the main problem.

I'm pretty deadset on selling the car and getting something new. I just wanted to hear more opinions on it. Regardless of the fact that it's a Honda- If you bought a car and later found out it needed $2000+ of work, would you keep it or get rid of it?

What I'm looking at as far as replacing (no order)-
Focus ZX3/SVT
Toyota Celica GT
Older Scion TC
Acura RSX
06+ Honda Civic
Mazda 3 Hatchback
04+ Honda Accord

My main concern is gas mileage and reliability. I want either a coupe or hatchback. I love the look of celicas, regardless of it being a "chick car". Keep in mind, I'm in my senior year of high school, I support myself with a job making enough money to easily cover a monthly payment of around $150/month. So, what would you guys do?


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Old 10-14-2012, 07:52 PM   #2
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First of all, if it has that many problems, either it was really abused, or it actually has 217K on it, or both. I would sell it and look for something else, problem is getting your money out of it with so many problems. Good luck.
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Old 10-14-2012, 08:45 PM   #3
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If it was me I would keep it and fix it but thats how I am. I also have more than one car I can drive. If this is your only ride it might be more economical for you to purchase a NEW car so you don't have down time and aren't out lots of money for repairs. I do all of my own work no matter what it is so it theoretically saves me alot of money but I've also accumulated alot of tools over time so I'm not out the money for those.
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Old 10-14-2012, 08:48 PM   #4
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It's a Honda. There are tons of good used parts everywhere.
Learn to find them.
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Old 10-15-2012, 05:43 PM   #5
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take a loss sell dont add money into a lost cause
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Old 10-15-2012, 06:01 PM   #6
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If you are able to do the work yourself,I say keep it. But you are going to get raped for labor charges to pay a mechanic to fix all the problems for you.
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Old 10-15-2012, 06:23 PM   #7
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IMO these cars that you listed are better:

Focus SVT
Toyota Celica GT
Older Scion TC
Acura RSX
Mazda 3 Hatchback

So I would either keep it and fix it while purchasing one of the above as a DD or if money is an issue, then sell it and buy one of the above
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Old 10-16-2012, 09:24 AM   #8
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Before you look at any of those, find a shop that will do a inspection of a potential car before you buy it next time.
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Old 10-16-2012, 10:59 AM   #9
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seems like you paid top dollar for the honda if it was in perfect working condition when you got it. im not sure u could get your money back if you repaired everything on it yourself. and didnt have the added labor costs.
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Old 10-16-2012, 02:09 PM   #10
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I'd invest in some stop leak, exhaust wrap, and friction modifier. The car's problems should be easy enough to hide, since they weren't severe enough for you to notice initially. Pass it on to the next sucker.
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