Sell or Repair - 2003 Honda Civic Coupe EX?
Hi All
I am really confused and would appreciate any answers / help you have to offer. So here is the issue:
I bought a 2003 Honda Civic Coupe EX for $5000 in August 2011. Then took it to 3 mechanics to get 3 different opinions, in order to get it completely fixed. My idea was to drive the car for atleast 5 yrs. So in order to fulfill that idea, I spent close to another $5000 on it.
The fixes included:
Replaced timing belt and 2 drive belts and valve cover gasket
Replaced both lower control arm units
New water pump
Replaced all front seals, cam and crank seals
Replaced thermostat and gasket
Replaced both front and rear struts
Replaced new spark plugs
Serviced Automatic transmission fluid flush
New battery
4 new Honda tires
replaced clock spring behind steering driving air bag
After 16 months of driving, it turns out that the engine has ceased on me because of a chipped camshaft and compression problems. It will cost another $2000 to get a 75k mile engine as replacement. This time as well I got 2 opinions and both stated the same problem.
Now the predicament is whether i should sell it or spend more to fix it? If I look at the numbers, I have already spent $10k on the car and if i sell it, the max i will get is around $2500. But if I chose to fix it by dumping another $2000 in it since majority of the parts in it are close to new, I am not sure how long the car is going to last w/o major issues and whats the guarantee that I wont have to spend more? I am really confused at this point.
Please advise.
I am really confused and would appreciate any answers / help you have to offer. So here is the issue:
I bought a 2003 Honda Civic Coupe EX for $5000 in August 2011. Then took it to 3 mechanics to get 3 different opinions, in order to get it completely fixed. My idea was to drive the car for atleast 5 yrs. So in order to fulfill that idea, I spent close to another $5000 on it.
The fixes included:
Replaced timing belt and 2 drive belts and valve cover gasket
Replaced both lower control arm units
New water pump
Replaced all front seals, cam and crank seals
Replaced thermostat and gasket
Replaced both front and rear struts
Replaced new spark plugs
Serviced Automatic transmission fluid flush
New battery
4 new Honda tires
replaced clock spring behind steering driving air bag
After 16 months of driving, it turns out that the engine has ceased on me because of a chipped camshaft and compression problems. It will cost another $2000 to get a 75k mile engine as replacement. This time as well I got 2 opinions and both stated the same problem.
Now the predicament is whether i should sell it or spend more to fix it? If I look at the numbers, I have already spent $10k on the car and if i sell it, the max i will get is around $2500. But if I chose to fix it by dumping another $2000 in it since majority of the parts in it are close to new, I am not sure how long the car is going to last w/o major issues and whats the guarantee that I wont have to spend more? I am really confused at this point.
Please advise.
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Re: Sell or Repair - 2003 Honda Civic Coupe EX?
potentially you might get away with a head replacement - ask the mechanics their thoughts about that. if the bottom of engine is still good, just head
Re: Sell or Repair - 2003 Honda Civic Coupe EX?
wow i would totally buy that car off of you but your far im in cali. I recently bought an 04 civic with a seized engine for 1700, bought a used japanese engine, replaced everything by using oem parts, all seals rear main seals water pump timing belt etc etc ... at the end the grand total was 1000 for engine and oem parts. i did all the work myself,. if your mechanically inclined i would recommend you doing the work yourself..
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