To trade or not to trade??

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Hey guys,

I need your advice on the following:

My wife drives an 03 Corolla 4-speed auto. The car has been very reliable so far. It is very fuel efficient and operating costs are very low. It does have some problems though. There seems to be some plastic covers underneath the car that makes a helluva wind noise. I've looked many times, but just can't figure out which one is it. The ride on this car is very very harsh. Someone once mentioned something about the springs being to hard. There are a few rattles inside the car, especially around the radio. The brake pads are already worn out, with only 40k miles. Lastly, the vehicle seems a little too small these days. With the car seat in, it seems a bit tight.

Now, we looked at the Honda Element and were pretty impressed by it. Although we didn't drive it, it seems like a very practical and nimble little SUV, minivan???
Interior space is huge......and I mean huge! I think they had people more than 6' tall in mind when they designed this thing. Fit and finish looks very good (it's Japanese) and quality and reliability should be very close to or equal that of Toyota. MPGs won't be as good as the smaller Corolla of course, but it ain't too bad either....something like 22/28 respectively.

Now, and this is where you come in. I've already paid over 2 years on the Corolla and just thinking of starting all over again almost makes me wanna puke!! On the other hand, the Corolla is begining to get on my nerves due to all the little gremlins. The Element was very impressive (upon initial inspection); so I'm very tempted to buy it. What would you do???

Thanks for your advice!!
 
You may as well accept the fact that you will have car payments all your life, look at them as user fees. The only way around it is to keep a car long enough to pay it off and then pay yourself until you get enough to pay cash for a new car. Then you keep paying yourself to buy the next one. So life is either paying the bank or yourself, you make the choice.
 
My wife has a Honda CRV. It's the same platform as the Element, so the ride and handling will be similar. My main concern about the Element would be the same as the CRV....the ride and road noise are rather pronounced. Another thing would be the fuel consumption. Our CRV only gets about 24 to 26 maximum on the highway. I think it's mileage is supposed to be better than the Element too (aerodynamics). The four cylinder engine is extremely smooth and has very good power for it's size though. If the Corolla is bugging you, get rid of it, you'll get a good trade in on it. Otherwise I'm sure the Element would be a great vehicle, just don't expect really good fuel economy for a four cylinder, or a really quite ride.
 
Financially it makes zero sense especially with the price of gas heading for the stratosphere with no end in sight.

But the other thing to consider is the safety aspect for the wife and the little one. There are no happy answers here. Do you have another car you can get rid of instead
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quote:

Originally posted by Al:
Financially it makes zero sense especially with the price of gas heading for the stratosphere with no end in sight.

But the other thing to consider is the safety aspect for the wife and the little one. There are no happy answers here. Do you have another car you can get rid of instead
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Does the Corolla have that nice rumbly V-8 with instant acceleration?
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I'm guessin the Camro stays in the garage
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quote:

Originally posted by Al:
Do you have another car you can get rid of instead
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Yeah! Trade in the Z for a C6!!!
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You guys have the same feelings I have. If I keep buying cars, I'll never be able to save sizable amounts of money. The cycle will never end. Since '99, we have bought a '99 Prizm, '01 Accord, '01 Saturn SL1 (never again!!), My '02 Z and the Corolla.
I think I better stick to my guns and keep the Corolla. Thanks for removing any doubt....I'm very reluctant to spend any more money on cars....except for oil and a turbo for my Z and a new suspension and.....
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Repair the brakes and replace the shock's! It is a lot smarter move then loseing 2 years worth of payments. 50,000 miles is about the norm for shock or strut replacement. I will admit that 40,000 miles and worn out brakes pads or rotors is very unusal! Does the wife ride the breaks by chance?

Good news is that pads are cheap and if needed Toyota OEM rotors do very well with just turning them. I know I have to harp on the wife not to ride the cluth and to use the dead pedal on the floor!
 
I wouldn't trade with the gas prices skyrocketing. That Corolla will last forever and the 40mpg highway is awesome. I've been itching for a new car myself. Fight the urge and it will pass.
 
Last Z,

Just pay off the Corolla, fix the brakes and buy a nice pair of shocks for the ruff ride. You can get another 5-6 years out of that car. Why get into more financial debt to get a Honda Element that doesn't have as good gas mileage ??

My wife has a 1998 Civic EX with 112,000 miles. The Civic runs like if it was 2 years old. She is bugging me to get her a new RSX. I tell her as soon as her Civic hits 200,000 miles.......that same day we will trade it in for a new RSX.
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Unless the car is a total lemon....keep it. Invest your hard earned $$$.

[ March 20, 2005, 06:09 PM: Message edited by: LT4 Vette ]
 
quote:

Originally posted by LT4 Vette:
My wife has a 1998 Civic EX with 112,000 miles. The Civic runs like if it was 2 years old. She is bugging me to get her a new RSX. I tell her as soon as her Civic hits 200,000 miles.......that same day we will trade it in for a new RSX.
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Unless the car is a total lemon....keep it. Invest your hard earned $$$.


I agree, but on the other hand both you and Last Z drive a Corvette and Z respectively. So in some ways the women in your lives may have somewhat of a beef to upgrade. (98 Civic, 03 Corolla)

I know when I was younger (and owned a Camaro)..it was like "I'll take care of the car thing". Now that I look back I feel some guilt. Wife and I have discussed this situationin in our later years and the long and short of it is that she gets what she wants and I get what I want.

Hey..don't shoot the messenger..just trying to keep families together
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no point in paying for a car that gets on your nerves. i would trade up. gas mileage is only a big factor if the wife travels alot. if i am driving around in something that i am satisfied with and have no problems with the price that i pay to keep gas in it than i will not put restrictions on what my wife will drive. if she is not happy with the car, take care of it. especially if you are rideing in something that you are happy with and if what you are happy with happens to waste gas.
 
The Element has a poor side impact protection rating. Likely due to the design without a center pillar.

Since its your wife's car does she care about the "gremlins"? How does she feel?

My wife drives an older car 96 Civic w/180k and won't let it go. It needs a timing belt and a few more things ie clutch soon, we just look at every month as another $300 towards our annual two week vacation. The poor heat at idle in traffic in the winter is starting to get a her though.
 
I would look at new tires before I'd change the shocks/struts/springs. If it has OEM tires (which are usually cheapos), these could be the cause of the rough ride.
 
IMO, I'd try to sell it outright, you will always come out better than trying to trade.

If your not sure about selling it, I'd put a For Sale sign in the window with a price that you want, and try to sell it.

If you can't get what you want (within a reasonable amount) then don't sell it.

If you do, you will now have more money to put towards the vehicle you want.
 
Yeah youd be ******* away money by trading it. Youd have to pry the keys from my dead fingers to get me to trade in a car. Id drive it into the ground. Glue the radio in so it doesnt rattle.
 
Z, I would go slowly when making this decision. New cars should not be bought on impulse. There will always be new cars available, so why hurry?

In addition, a new car may not be the only alternative. See Buster's purchase of Hemi Truck.
 
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