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What To Do With Old Car Thats Not Worth Fixing? (1 Viewer)

J

James Daulton

Footballguy
Son's 2005 Forerunner had a coolant leak that shut the engine down.  Mechanic says he was able to get the car started after adding 2 gallons of antifreeze but he can hear the water pump rattling and shaking.  Said even if we put $800 in it for a new water pump and timing belt, he'd expect there to be some value damage and other issues.

The car has 230k miles on it and he was definitive that we shouldn't fix it.

What do I do with the thing?  I've donated two prior cars, is that still the best avenue for us to take?  Our mechanic knows a guys who'd give us $200 for it.

Thoughts?

 
C'mon bros, there's got to be some kind of secret FBG magic where someone will give me $2k for my broken down all car. 

Maybe I should sell it to Oats? 

 
James Daulton said:
C'mon bros, there's got to be some kind of secret FBG magic where someone will give me $2k for my broken down all car.
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The junkyards that give you 200 eventually get back close to 2000 selling the parts one by one.. But you would need to convert your house into a junkyard.

 
Get a whole engine from LKQ and find some guy on Craiglist to swap it. $800 or so. Sell it for $1200. 

 
2005 4runner with 230k miles?

If your son didn't blow the engine you could get $5k tomorrow on Craigslist or a 4runner forum.

If he did blow the engine but you have maintained everything else you should still get at least $2k.

4runners are like Jeeps, there is always someone willing to buy it.

My guess is the mechanic is trying to scare you into selling it for pennies on the dollar.

Hell, I'll give you $500 for it.

Have you driven it since the repair? Got a second opinion?

Eta: go post this same thread on toyota-4runner.org or 4runner.com and see what they say.

 
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Bozeman Bruiser said:
2005 4runner with 230k miles?

If your son didn't blow the engine you could get $5k tomorrow on Craigslist or a 4runner forum.

If he did blow the engine but you have maintained everything else you should still get at least $2k.

4runners are like Jeeps, there is always someone willing to buy it.

My guess is the mechanic is trying to scare you into selling it for pennies on the dollar.

Hell, I'll give you $500 for it.

Have you driven it since the repair? Got a second opinion?

Eta: go post this same thread on toyota-4runner.org or 4runner.com and see what they say.
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I will look into this.  Thanks. 

 
Thunderlips said:
1 877 KARS FOR KIDS....THAT'S K- A- R- S KARS FOR KIDS....1-877 KARS FOR KIDS....DONATE YOUR CAR TODAY.....
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Do some research on this organization before you donate to them.  The vast majority of their money does nothing to help kids across the board--90% of their money goes to  oorah-- a fairly fundamentalist orthodox Jewish institution in the Northeast.   They have invested money in Ponzi schemes in the past.  I'm not saying that one should or should not donate to them--but the vast majority of people that do donate to them have no idea what they are donating to.   My guess is that most people could more positively impact their local communities by either selling and donating to a local charity or just donating their vehicles straight into a local charity that offers a lot more transparency than Kars 4 kids. 

 
I’ve got 4 driving age children and this is what our insurance company recommended for us to do with a car that is no longer running.  We bought a newer car for my middle son but keep his insurance on the old non running beater.  I’ve got a younger son who’ll be getting a car soon and we’ll transfer his name to the same beater when my middle son goes to college.

keeps the insurance costs down especially when you’re paying for 6 insured drivers.

 
Quincy said:
I’ve got 4 driving age children and this is what our insurance company recommended for us to do with a car that is no longer running.  We bought a newer car for my middle son but keep his insurance on the old non running beater.  I’ve got a younger son who’ll be getting a car soon and we’ll transfer his name to the same beater when my middle son goes to college.

keeps the insurance costs down especially when you’re paying for 6 insured drivers.
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What could possibly go wrong...

 
Quincy said:
I’ve got 4 driving age children and this is what our insurance company recommended for us to do with a car that is no longer running.  We bought a newer car for my middle son but keep his insurance on the old non running beater.  I’ve got a younger son who’ll be getting a car soon and we’ll transfer his name to the same beater when my middle son goes to college.

keeps the insurance costs down especially when you’re paying for 6 insured drivers.
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Your insurance company suggested that you commit insurance fraud?  Interesting.

 
How about trying to limp it into CarMax? We did that with my daughter's old Jetta - the thing would just die and shut off after running for about 45 minutes. I had three different mechanics look at it and spent about $3K trying to fix it and nothing worked. I didn't feel right selling it to a private party, so I took it to Car Max and they gave me $2K for it.

 
Psychopav said:
Your insurance company suggested that you commit insurance fraud?  Interesting.
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That’s what you got out of that?  You need to do your homework.  It’s not fraud.  We have the car, they don’t care if it’s drivable.  There’s more to it than what I explained I just wanted to get to the point.

i know many of you really like to question things you don’t know about, but trust me, I wouldn’t suggest fraud and neither would my insurance company.  

 
Quincy said:
That’s what you got out of that?  You need to do your homework.  It’s not fraud.  We have the car, they don’t care if it’s drivable.  There’s more to it than what I explained I just wanted to get to the point.

i know many of you really like to question things you don’t know about, but trust me, I wouldn’t suggest fraud and neither would my insurance company.  
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So you save money by having an additional car on your policy?  How does that work?  Is it because you list the non-running car as the primary vehicle for your middle son?  Do you list someone other than your middle son as the primary driver on the newer car you bought for him?  Legitimately curious how this works. 

 
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Quincy said:
That’s what you got out of that?  You need to do your homework.  It’s not fraud.  We have the car, they don’t care if it’s drivable.  There’s more to it than what I explained I just wanted to get to the point.

i know many of you really like to question things you don’t know about, but trust me, I wouldn’t suggest fraud and neither would my insurance company.  
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Im sorry but the way you described it definitely did not make much sense and sounds like fraud to me as well. Perhaps you can explain the whole thing so we can better understand. 

 
bigbottom said:
So you save money by having an additional car on your policy?  How does that work?  Is it because you list the non-running car as the primary vehicle for your middle son?  Do you list someone other than your middle son as the primary driver on the newer car you bought for him?  Legitimately curious how this works. 
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That’s it.  His old car, the beater, needs a transmission so we bought him a Toyota Camry with a loan.  Beater still has tags and is registered so we have to have insurance.  When I called my agent to put new car on policy they told me to keep son on beater car and I’m on the Camry, hence we save money.

Hope the explanation makes sense.  

 
shadyridr said:
Im sorry but the way you described it definitely did not make much sense and sounds like fraud to me as well. Perhaps you can explain the whole thing so we can better understand. 
Click to expand...
Sorry if it sounded like I was losing my patience, but I should have explained it better.

 
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