Should I keep my old car or sell it before it konks out?

Question

I have a 1980 Toyota Cressida 200K miles, paid $650 3 yrs. ago, runs good, no problems, just drive it short distance to work. I can sell it for $750 now or wait till it dies which could be tomorrow, next month, next year, 2 yrs etc. What would u do?

Answer 1

If it were me I would just drive it until it dies. Unless you are planning on buying a new car, you are just as likely to have your newer used car "konk out" than your old one. You already got 3 years out of a $650 car! You have nothing to lose! Even when it dies, you will probably get a few hundred dollars for it.

Of course, if you are just tired of driving a 28 year-old car, nothing but a newer car will do.

Answer 2

Drive it until it won't go any more, then send it to a salvage yard.  Prices are way up on metal.

Answer 3

Keep driving it.  It runs and you don't have a car payment, the two best things to have in a car.  Besides, the Cressida is a sweet ride.  Get it tuned up and drive it for another 200K.

Answer 4

If you have the money to buy a new car I would.  

Consider the fuel savings.  But the payment could cancel out the savings.  So you would have to consider it carefully.

Answer 5

Keep it til it dies. Are you wanting a new car? Then go get one, but keep the Cressida. Always good to have a back up or let a younger member of the family use it to learn to drive. You've gotten your monies worth out of it. So keep it.

Answer 6

well if its running and you have no problem why get rid of it really unless you just want another car or payment