Is It Time To Sell My Car And Get A Another Used One

Posted in Air Conditioning | Asked on Jan 24, 2012
Below is the question about Is It Time To Sell My Car And Get A Another Used One,

I have a 2001 Mitsubishi Diamante with 160xxx Miles on it

Lately, if came to realize Mitsubishi’s aren’t built as well as Toyotas or Hondas.

The car looks great but….

Issues:

-o2 Sensor out
-Knocking on cold mornings for 2 – 3 minutes. Unsure whats causing it at the moment
-Power steering goes out after heavy rain (Most likely the belt) for a short moment, only once then never gain.
-Rear main seal leak (Not that bad)
- TLC & ABS Light on (Not a big concern for me)
- Heater rattles when on but works fine (Compressor same with AC)
- AC needs vacuum but blows cold after 10 minutes or so. (Rattles as well when on)

I just got:

-Major tune up
-Valve cover gasket replaced
-Front Struts
-One Inner tie rod
-Replaced Oring
-The Starter went out a week ago and I replaced it
-New brakes

Should I keep throwing money into it and get everything fixed? Or buy another I have a budget of 4000, I’m looking at 1998 – 2002 Honda Accord, Civic, or CR-V. 1998 – 2002 Camry.

There are 5 Answers for "Is It Time To Sell My Car And Get A Another Used One"

  1. Old Man Dirt says:

    An engine knock when cold is a bad omen (rod bearings and or mains). So it is either time to start looking for a different car or an engine. You know how long a Mitsubishi engine will last and need to decide knowing this.
    If you want something that will last, maybe think about some other makes too. Like Subaru or a Mazda. While Honda cars are considered reliable they also have a high theft rate and as a result insurance runs higher then it would for some other cars.

  2. Roger says:

    Actually your assessment is correct and this would be the time to let go of your mitsubishi and get a hopefully lower mileage honda or toyota. Nissan is another car brand similar to toyota that is well built too. I would not bring attention to every little repair when selling but do mention the main ones like the major tune up and the Brakes. Too many repairs in the ad makes it look like your dumping the car, it is important to some people why you sell and all you say is you got a chance at a newer honda or toyota and went with that instead. I would be careful with the accord and the civic some years had severe problems with engines and transmissions. Go to carcomplaints.com this is a website that car owners go to make complaints and there were thousands of complaints about the older accords and civics. The good news is by now most of the lemons are gone.
    But some years even the rebuilds had problems as well, so it pays to do your research. you can also do research on edmunds.com for new and used cars edmunds has links to a lot of Information to almost any car and there are forums where owners go to leave questions and exchange possible solutions about vehicles in general.
    consider looking for a private party car and keep an eye out for one that was an older adult owned, possibly even an estate sale of some kind. Your money will stretch farther and you will most likely get a lot better car. best of luck

  3. Sailorbeavis says:

    For me, owning an old car stops being economically feasible when the cost per month to repair it plus the value of your time consistently equals or exceeds the cost of a car note.

    The problem with calculating that is that old car problems tend to happen as nickel ‘n dime events, where a battery cable goes out, then a small motor, then a gasket, then the transmission goes a year later and it’s totally unrelated to the other stuff. You might put $3k into the car one year, and only do normal maintenance for the next two, then need an engine… and so on.

    You’re going to have to put at least another $1k into that car to get those issues fixed. if you can find a suitable car, with lower miles than yours and in better condition than yours, under $5000, I’d consider it. But realize that with any machine ten years old, stuff can just randomly happen that NO mechanic can predict.

  4. Bmw Dominates says:

    You should sell your car for another one. If you kept it you would see more problems in the near future and you’ll be spending more money on repairs on the car than if you just brought another car.
    If you got the ac,engine knocking,steering,main leak and o2 sensors it’s going to cost you about $2k.if you add the amount you already spent it would be cheaper to buy a new car. If you buy a new car you try to get one under 100k if you can’t under 125k should be fine. Try craigslist maybe you’ll find a car for a good deal. I brought a 1999 Subaru forester S for 4k it had no rust and only had 79k on it. When you buy the car check for rust and leaks beacuse those are the basic signs that the car is gonna have troubles.

  5. Chris says:

    Yes