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Reply to "Would you put a new transmission in an 8 year old car with just over 100,000 miles?"
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[quote=Anonymous]The resale value of comparable vans is about 11K. Also - checking historical reports on the kbb.com website - it appears that this year was prone to transmission and timing belt issues. So basically, when you get these replaced, you should be good to go for many many years. Next thing to think about - were you planning on keeping the car or were you already planning on getting soemthing else in the near future? If you like the car and want to keep it, I would definitely make the repairs since you can get that money back if you sell it down the road. This is definitely the most economical and practical route. If you were thinking of something new in the next year or so, I would then sell it for 11K minus 1/3 of what it would cost you to fix it. Since the new owner will get many years of use once they fix itsignificant repairs, you don't want to back out the entire value of the repair. You will need to disclose any problems though.[/quote]
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