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Suggestions - What to do with Car

 
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Old 02-17-2017, 04:58 PM
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Suggestions - What to do with Car

My 92 SI4WS has run great since I bought it in 2008, but yesterday the car died while driving down the highway and wouldn't start back up despite the electric seeming OK. The engine clicked but just wouldn't turn over so AAA towed it to a repair shop. Apparently the timing belt broke. They want $150 to inspect the engine valves & heads, and then $800 to install the timing belt if nothing was damaged in the motor. I love the car but $1000 is more than I will spend to get it back on the road, and it could easily be a lot more if work needs to be done to the motor. I have neither the skills, materials, nor time to do that level of work myself.

Other than the timing belt, the car should run well. The exterior is a little rough with a couple dents, paint scratches, and about a nickel-sized rust hole in the trim of the wheel well, but it should all be pretty manageable. So the question is, do you think there's any kind of market for the car as is? Should I just junk it? Try to donate it? I could maybe part it out, but I have limited tools to do so, and essentially no time for several months.
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Old 02-17-2017, 06:15 PM
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Re: Suggestions - What to do with Car

for like $800 you can probably find a another h23a1 but then you have the cost of having someone install it
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Old 02-17-2017, 06:54 PM
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Re: Suggestions - What to do with Car

800 for h23a1 wouldn't be worth it though when f20b or h23a are around that same price
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Old 02-17-2017, 10:44 PM
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Re: Suggestions - What to do with Car

unfortunately, either way there's the install fee which I can't imagine being less than a couple hundred dollars, so we're still back at $1000 for the best case
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Old 02-18-2017, 02:41 AM
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Re: Suggestions - What to do with Car

Do the inspection and decide after that.

Keeping a car is not cheap. Gotta pay to play
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Old 02-18-2017, 05:25 AM
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Re: Suggestions - What to do with Car

lol I'm aware that cars aren't cheap. I've got 2 others right now and have owned and paid for my own car(s) for 20 years. Beyond simply spending money it also involves evaluating both the resale value of the car and its value to you and your lifestyle.

Even if the car was in very good condition, which it's not even with a good engine/belt, blue book estimates its resale value around $1000. That means I'd never get back what I'd have to put in, which makes it a bad financial investment.

Additionally, the car no longer fits my lifestyle. I bought it to be a reliable, quick, easy to maneuver beater to get me around DC cheaply while saving my fun car. It served its role perfectly and I love it for that. But now that I live in Florida and work from home, I no longer need a beater at all. I use my wife's car for most situations. Lastly, I have a child and second about to be born any day. This means I can only even use the Prelude if I'm going somewhere on my own, which is pretty rare.

So why would I do the inspection, especially when I'm tight on money? To figure out which set of repairs I'm going to reject? None of the options I've been presented with are worth it to me.
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Old 02-18-2017, 05:28 AM
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Re: Suggestions - What to do with Car

well if your trying to sell or part out join the Florida Preludes Parts Page on Facebook and you can sell it on there
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Old 02-18-2017, 08:40 AM
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Re: Suggestions - What to do with Car

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That means I'd never get back what I'd have to put in, which makes it a bad financial investment.
You NEVER get back anything you've put into a car. Cars are NOT good financial investment EVER
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Old 02-19-2017, 09:33 AM
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Re: Suggestions - What to do with Car

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You NEVER get back anything you've put into a car. Cars are NOT good financial investment EVER
Tell that to people that bought muscle cars in the 60's and 70's.
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Old 02-19-2017, 10:12 AM
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Re: Suggestions - What to do with Car

Or paid 25k for a clean manual NSX 3-4 years ago
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Old 02-19-2017, 06:59 PM
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Re: Suggestions - What to do with Car

NSX is different though they only sold 9,000 of them here and they were super cars for their time. I've never heard anyone say damn I can't wait to hold on to this Prelude so it can go up in value before.
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Old 02-19-2017, 08:45 PM
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Re: Suggestions - What to do with Car

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You NEVER get back anything you've put into a car. Cars are NOT good financial investment EVER
While I know what you're getting at, your statements are dead wrong. It's actually relatively easy to buy a banged up car at an auction, make a couple of repairs and sell it for a profit. I have a brother in law that makes his entire living doing that.

Or with one of my other cars: I have a 3000 GT Spyder with a bunch of pealing clear coat, slightly faded paint, a missing rear view mirror, and a couple interior parts, including the headliner, that need to be reglued. Because of this, the car looks in far worse shape than it really is. A new mirror, a bit of glue, and a cheap paint job would easily let me sell the car for a couple thousand more than I'd currently get.

However, to reword what I actually meant in my statement: I'd be spending more money to repair the Prelude than the car is worth, even if it's in perfect shape. I should be able to buy another 92 Prelude in great condition for less $ than repairing mine that's in fair condition even when everything works. So why would I repair mine? It makes no sense.
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Old 02-19-2017, 08:50 PM
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Re: Suggestions - What to do with Car

That said, I may end up getting it repaired after all. My father in law knows someone that works at a repair shop and will do the repair for materials plus tip. That changes things.
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Old 02-20-2017, 01:34 AM
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Re: Suggestions - What to do with Car

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While I know what you're getting at, your statements are dead wrong.
guess how much money some of us has spend into these cars and how valuable they are..
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Old 02-20-2017, 11:03 AM
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Re: Suggestions - What to do with Car

If you have other cars to drive, I think the best thing for you to do is get rid of the prelude, either sell it, scrap it, trade in for something new(er), or donate it.

Getting a car repaired takes time and money, you decide if it is worth it for you.
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Old 02-20-2017, 11:58 AM
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Re: Suggestions - What to do with Car

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guess how much money some of us has spend into these cars and how valuable they are..
I know. A lot of it depends how attached you are to the car itself. I'm willing to make some of those "bad decisions" on my 3000 GT Spyder, but this car was bought for the purpose of being an A to B beater car. I really like the car but it's not a labor of love thing like my Spyder is and it no longer fits my new lifestyle of a family man.
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Old 02-20-2017, 12:08 PM
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Re: Suggestions - What to do with Car

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If you have other cars to drive, I think the best thing for you to do is get rid of the prelude, either sell it, scrap it, trade in for something new(er), or donate it.

Getting a car repaired takes time and money, you decide if it is worth it for you.
Yeah, I was looking more for details of exactly how/where to do that. Trade in value would be near $0 without it being driveable if they'll even take it at all. Same thing for the donation. They'll take it, but they'll just scrap it and the contribution value will be about $40, which is about what I'd get in cash if I call a "we buy junk cars" place.

I don't know if I have the time tools and space to part it out in any reasonably timely fashion. So I guess my big question was if there are people on this forum or elsewhere, that are either able to do the repair themselves or interested in parting the car enough to give me a couple hundred dollars despite it needing a new timing belt and being in Fair (not poor) condition externally. I've heard that parts are difficult to get for these cars now so it could have some value there. Or am I just better calling a junk place and taking the $40 to get it out of my driveway?

Like I said though, it looks like I might be able to get it fixed for about $400 or so now, which is worth it to me, if just so I have something for my father in law to drive.
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