Hi. I have a 1996 Honda Accord EX with 125k. I bought it for $2550 about a month ago. Currently have invested another $800 on some needed repairs, new tires, window tint, and remote start and entry system. So far $3350 invested into car. Everything is running strong. Thanks again to P for his help with my tranny and the tri-flush. No issues to date. I am debating about finishing the car off. Overall the body and paint is in fair condition. To make it like new comes to $1300. By having that done would make my car investment total at $4650. Again that is $1300 for the bodywork and paint job total.
That puts the car dollar investment past the point of return for KBB Excellent - private party value. Right now, I am using the car as a work car to offset the miles and gas usage on my 06 Tundra. Also in a few years it will become my daughters car. Either way the plan is to keep the car forever. What I am on the fence about is to have the body work and paint job done to make the car near perfect or not have the stress of keeping a new paint job like new since it at the point now for a 12 year old car.

Your Opinions?????????????????????

 

if your gana keep it for a long time go for it

 

If your keepin it for its entire life then it would be a good investment.. Specially if you want your daughter to have a cool ride!! ;-) Also if ya do get all the body work done you can find any rust spots if any at all and fix them before they really cause a problem down the road..

 

Glad the tranny worked out.
As long as the bodyshop repairs any rust correctly, it should be a good investment.
When you make these decisions bases on percieved value (what you could get from selling it), you should really be basing your decision based on replacement cost instead.

If you're like most of us that would mean:
Car Note Payment
Property taxes
Sales tax
Registration Fees
Increased Insurance Costs

And this assumes that financing could be secured.....

Go with what you've got.

P