I currently own a 2001 Ford Taurus w/ 130,000 miles. I owe $3,000 on the car and my monthly payment is only $160/mo. Since I bought the car, I've kept up w/ the maintenance - always doing oil changes, fluid changes, break jobs, new tires. Those things aside, in the past 2 years, I have also had done...
Breaks %26amp; Rotors,Battery, Rear Wheel Cylinders, Cut Front Rotors, Serpentine Belt, Break System Flush, Transmission Flush, Coolant Bottle, Driver's Side Seatbelt, Transmission Axle Seals, Power Steering Flush, Relay/Control (Air Conditioner), Fix Wire Harness Plug (Air Conditioner), Compressor, Evaporator, Replaced Ignition Coil, Spark Plug Wires, R%26amp;R Intake Replaced, Replaced Lower Hose %26amp; Thermostat Housing
Now, my engine runs really hot all the time and I'm being told it's another $1,200 for a new radiator %26amp; water pump.
In all, I have spent $8,500 on repairs in the past 24 months. I drive 150 miles a day.
Do you think I am beating a dead horse? Or, is it worth keeping alive?
2001 Ford Taurus w/ 130,000 miles needs repair. What would you do?
i have an 89 ford ranger with 245,000 on it. with almost zero repair cost. Im a ford guy, and a firm believer into holding onto a car until it falls apart or when the law of diminishing returns says you shouldnt have it anymore. I think the latter pertains to you
$8500 is a boatload of money in repairs. Im sure one of them was the transmission, and im sure it was around 100,000 miles. i had a taurus, mine went at 96,000. ford is known for those trannys. anyways, id do what the previous commenter said, id put 1200 towards the payoff of the loan and then see if you can sell it for the remaining 1800 or get someone to assume the payments on it.
Rice and Domestics are pretty much the same, they both have crap and they both have their reliable vehicles. Dont believe that one is better than the other. Go with the best reviews for reliability and the best price.
2001 Ford Taurus w/ 130,000 miles needs repair. What would you do?
I would dynamite that sucker. Ford never intended the Taurus (or anything else they make) to last longer than five years.
well, 3000.00 left to pay, at 160.00/month = 18 more months on you loan. At the rate you are racking up the miles, it seems unlikely you'll make it past those 18 months without significant repairs. I'd be tempted to take the 1200.00, pay it against the loan, buy a new (for you) vehicle- you can use the Taurus as a trade in and roll the remaining bal into the new car's price. The car's blue book value is probably well under 1000.00, and combined with the 8K you've already spent, in my opinion it's a sinking ship. And with a commute like that, it's important to have reliable wheels.
