"ranwhenparked" (ranwhenparked)
12/13/2015 at 14:05 • Filed to: None
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"ranwhenparked" (ranwhenparked)
12/13/2015 at 14:05 • Filed to: None | 0
| 9 |
A friend of mine has a 2005 Escalade that she bought off lease in 2007 - the truck now has about 180,000 on it, and the transmission just died. This is the latest, but most expensive, of the repairs its needed in the past year - the estimate is $4000 to fix.
She has an offer from a company that buys non running vehicles for $2300, but only has to Monday to respond.
The question is, is $2300 a reasonable offer for an 11 year old, 180k mile Escalade with a bad transmission, or could she do better elsewhere?
The Blue Book, in good running shape, is only $6000 max, and the Chevy dealer offered $1000 trade.
PushToStart
> ranwhenparked
12/13/2015 at 14:13 |
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Well it depends on how much longer they’d bother to keep it after getting the trans replaced. If it’s blown, there aren’t going to be a lot of people who are looking to buy it, because they either A. Don’t want a car with a fucked up transmission, or B. Don’t want to pay to replace the transmission on a car they don’t know what else might go wrong with it.
So, in my opinion, I say she should take the $2300 offer.
Sampsonite24-Earth's Least Likeliest Hero
> ranwhenparked
12/13/2015 at 14:26 |
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Tell her to take it. She’s not gonna get any more for it with a fucked trans
TheHondaBro
> ranwhenparked
12/13/2015 at 14:57 |
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We all know it’s YOUR Escalade, don’t hide it.
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ranwhenparked
> TheHondaBro
12/13/2015 at 15:30 |
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Not mine. I have done the “big old money pit Cadillac” thing before though, with the Fleetwood I had in college.
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ranwhenparked
> PushToStart
12/13/2015 at 15:32 |
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That was my thought, but I know she’s going to do whatever I tell her, so I wanted to get a second opinion. They were considering taking out a loan to get the tranny fixed, but then they’s still have an 11 year old truck with 180k and who knows what’s going to go next.
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ranwhenparked
> Sampsonite24-Earth's Least Likeliest Hero
12/13/2015 at 15:33 |
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Yes, that sounds about right. I’m surprised she got that offer, the only thing I can think of is someone might have a wrecked GMT800 with a good transmission that they can swap in, and maybe flip the thing for $1200 profit or so.
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PushToStart
> ranwhenparked
12/13/2015 at 15:42 |
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exactly. and especially if they were going to take out a loan to do it... I don’t advise that at all.
jkm7680
> ranwhenparked
12/13/2015 at 15:42 |
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That’s more than a generous offer for a 2005 Escalade with a bad transmission.
shop-teacher
> ranwhenparked
12/13/2015 at 16:25 |
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If they’re going to take a loan out, they’d be crazy to do that to fix the Escalade. Take the $2300 and use it as a down payment on something newer with less miles on it.