I have a 2000 Daewoo Leganza. Previously I had a Honda Civic, but traded it in after an accident to get the Daewoo. I figured that since it was a brand new car, and since I got it from a reputable dealer in my area, everything would be okay. I still owed on my Civic, so part of its debt was lumped in with the cost of the Daewoo.
Since then, I'm at a little under 60,000 miles, and I've had to get two front brake jobs done and various other small repair jobs. Recently I took it in to have the engine looked at because it was runninig kind of loud and have been told that the timing belt and other stuff needs fixing/replacing/worked on. The guy at the shop, who's been highly recommended as a good/honest mechanic, said he would recommend trying to sell it or trade it in.
My dilemma is this...
1) I'm already upside down in the payment. I probably can't get jack crap on resale because Daewoo has, to all of my knowledge, gone out of business.
2) I'm going to have to start paying back my student loans in about a year, which will almost be like a car payment in itself. I wanted to avoid that since I have about a year and a half left to pay on my car.
3) Although its had it problems I still consider it a (cheapo) luxury car. It looks nice, has leather interior, etc. I don't necessarily want to get something that would be a "step down" from it.
I want to make a sound decision. I'd really like to just pay it off, but I don't want to be stuck with hard to get parts and an expensive repair bill forever... plus I don't know that the car will last.
As I said I'm upside down so if I were to trade it in (and they were to generously give me about 2,000 for it) I can only get something around the 10k or less price range. I owe almost 6500 still.
I just want something reliable that won't give me a hassle after it's paid for. Some of you guys are auto deal gurus... what would you suggest?
Since then, I'm at a little under 60,000 miles, and I've had to get two front brake jobs done and various other small repair jobs. Recently I took it in to have the engine looked at because it was runninig kind of loud and have been told that the timing belt and other stuff needs fixing/replacing/worked on. The guy at the shop, who's been highly recommended as a good/honest mechanic, said he would recommend trying to sell it or trade it in.
My dilemma is this...
1) I'm already upside down in the payment. I probably can't get jack crap on resale because Daewoo has, to all of my knowledge, gone out of business.
2) I'm going to have to start paying back my student loans in about a year, which will almost be like a car payment in itself. I wanted to avoid that since I have about a year and a half left to pay on my car.
3) Although its had it problems I still consider it a (cheapo) luxury car. It looks nice, has leather interior, etc. I don't necessarily want to get something that would be a "step down" from it.
I want to make a sound decision. I'd really like to just pay it off, but I don't want to be stuck with hard to get parts and an expensive repair bill forever... plus I don't know that the car will last.
As I said I'm upside down so if I were to trade it in (and they were to generously give me about 2,000 for it) I can only get something around the 10k or less price range. I owe almost 6500 still.
I just want something reliable that won't give me a hassle after it's paid for. Some of you guys are auto deal gurus... what would you suggest?
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