I bought a car with a bad engine
I bought a car with a bad engine
A year ago I bought my wife a Mazda CX-5 diesel and paid 10K for it. Now I found out that it has an engine defect that will be extremely expensive to repair, so the car is a write-off, at best I can get 2K back.
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If it's a 5k euro fix on a 10k car, please consider it. Especially if you can get warranty from the repair shop for a few years, it's still likely cheaper than vehicle payments on a 3-5 year old used vehicle that may have issues still. I'm not saying fix it, or not to, but look at it as costs of transportation and having to buy a new vehicle still.
Well, my wife still needs to get to work whilst it is getting fixed and the repairs are going to take months. If we choose to repair the car we will not be able to buy a new one so it's a bit of a Catch-22.
Even if the car was fine, we would be still selling it. She had trouble with parking a car as big as a CX-5, and that car burns a bit too much diesel for her 70 km a day commute.
We are most likely to buy a car that's at least 10 years old, we can't afford any better. Probably we will be buying Toyota Auris for about 6K.