Quote Originally Posted by CHA-LEE View Post
The Kelly Blue Book Retail Value of that beast is only about $6,000. At that low of a resale value there is no way I would invest $1,000 in repairs much less $5,000. Oh yeah, and fixing all of that stuff doesn't increase the retail value either. If the motor does let go or the transmission takes a dump it would cost more to replace or fix those major components than the vehicle is worth.

I would continue driving it as is, feeding it whatever quantity of gas and oil it desires until it eventually dies then simply walk away. Oh the joys of depreciating assets......
Don?t disagree with the value. However I?m not looking to buy in this market just to be upside down in a year or two if the car market evens out. I don?t mind putting some money into it. I?m not into for much anyway since it was my in-laws. I?ll probably look at tackling some of it myself and chipping away at it slowly.


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