Post by
Larz »
https://forums.nicoclub.com/larz-u216291.html
Thu Sep 04, 2014 6:51 pm
First, I'm sorry to hear that you are faced with an expensive repair.
But, it's great that you've had the car for over 200k miles and I assume it still runs great otherwise. You, sir, are at the crossroads of car ownership. You could trade the car though with high miles I doubt any dealer will give you what you might expect, since they will have to sell it at auction and still make a profit on the trade-in price - even less if the air con isn't fixed.
Since you have it paid off you should consider the following:
You have one of the last of the 'aggressive - sporty - posh' looking M models. The newer M models look only slightly better than the cheaper sedans on the the market. Having said that, the newer models of any brand might have more up-to-date tech features yours does not have. You might want to consider what you pay for 12 months car payments and weigh that against repair bills and see which yearly amount appeals to you more. Even if you spend 3,000 in one year on repairs, it's only half what a new car payment will be and those monthly payments could go on until the year 2019 (and you still have to pay for costs not covered after the warranty goes out in addition to those monthly payments)
Personally, I would take stock of the car, consider what else might need to be repaired or replaced in the next year, and then make a decision to fix it or trade it.