Should I fix my Hyundai or get rid of it?

Hey everyone,

I’m facing a tough decision regarding my 2017 Hyundai Elantra, and I could really use some advice. My car broke down recently, and I’m trying to weigh whether it’s worth paying to have it fixed or if I should look into getting rid of it and getting a new one. This is my first time dealing with a situation like this, so I’m feeling pretty lost.

Here are some key points for context:

  • I drive a lot, and my Elantra has racked up about 117,000 miles since I bought it in 2020 as the second owner.

  • I’ve had ongoing issues with engine misfires since I purchased the car, but they’ve always been fixable.

  • Lately, I’ve noticed that my car is burning through oil unusually quickly. Even though I had an oil change just three weeks ago, the oil level is already low.

  • Yesterday, my car wouldn’t start at all. When I tried to start it, the engine shook and knocked. On the rare occasions when it did start, it continued to shake and knock, which made me too nervous to keep it running. Upon inspection, I found one of the coil packs completely covered in oil, and my uncle suggested it might be hydrolocking. I suspect there’s a serious internal oil leak (I never see oil on the ground when I park).

Here’s where I’m stuck: The labor cost alone for replacing the engine is around $1300, and that doesn’t even include the cost of the actual engine itself (I’m currently calling around junkyards to find a used one). Unfortunately, my car isn’t covered by recent engine recalls. I’m trying to determine if it’s worth investing in a new engine or if it’s better to move on. I still owe $2700 on my car loan, so I’m also unsure about the process of selling or trading in a car with a faulty engine.

I’d truly appreciate any advice or insights you can offer. I know I might sound a bit clueless, but this is all new territory for me. Since this is my first car with a loan, I’m not familiar with the process of trading it in while there’s still a balance. I plan to reach out to my loan officer for guidance as well. Thanks in advance for your help!

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Considering the engine trouble and repair costs, it might be worth exploring options like trading in your car for a new one or selling it for parts. With your loan situation, discussing options with your loan officer could provide clarity on how to proceed. Best of luck sorting it out!

Dear fellow Hyundai Elantra owner, I’m sorry to hear about the challenges you’re facing with your 2017 Elantra.

It sounds like you’re in a tough spot, but you’re not alone in dealing with these kinds of decisions.

Here are a few thoughts that might help you navigate this situation:

  • Assess the Total Cost: Before making any decisions, it’s crucial to calculate the total cost of repairing your car versus the cost of purchasing a new one. You’ve already received a labor estimate for replacing the engine, but be sure to factor in the cost of the engine itself and any other potential repairs or maintenance your car might need soon.
  • Consider the Value of Your Car: Given the mileage and the recurring issues you’ve experienced, it’s essential to consider the current value of your Elantra. With over 117,000 miles and ongoing mechanical problems, its resale value might be lower than you expect, even if you invest in a new engine. Websites like Kelley Blue Book or Edmunds can give you an estimate of your car’s value in its current condition.
  • Evaluate Your Financial Situation: Take a close look at your finances, including how much you still owe on your car loan and your budget for a potential new car. If you’re already struggling with repair costs, adding more debt might not be the best option. Consider speaking with your loan officer to understand your options for trading in or selling a car with a remaining loan balance.
  • Explore Alternative Solutions: Instead of jumping straight into a repair or replacement, consider seeking a second opinion from a trusted mechanic or Hyundai specialist. They might offer alternative solutions or insights that could potentially save you money or extend the life of your car.
  • Think About Long-Term Reliability: Even if you decide to repair your Elantra, consider how long you plan to keep it and whether investing in a new engine will provide the long-term reliability you need. If you anticipate more significant issues down the road, it might be worth exploring other options now to avoid future headaches and expenses.

Ultimately, the decision to repair or replace your car depends on your circumstances, budget, and priorities.

Take your time to weigh your options carefully, and don’t hesitate to seek advice from professionals or experienced car owners in your network.

Best of luck with whatever you decide, and I hope you find a solution that works best for you.

Hello, I think you might want to explore trading in or selling your car in its current condition. Some dealerships might accept your car as a trade-in, even with a faulty engine, and apply its value towards a new purchase. Alternatively, you could try selling it privately, being transparent about its issues, and negotiating a fair price based on its condition. Keep in mind that selling that your car with a known mechanical issue might fetch a lower price, but it could still offset some of your outstanding loan balance.

How are you @EntourageExpert , I’m very sorry but given the mileage and recurring problems you’ve experienced with your Elantra, it might be worth considering upgrading to a newer vehicle. If you can afford a new car or a certified pre-owned vehicle with a warranty the better. This could provide you with a more reliable and worry-free transportation solution in the long term

Before making any decisions, I think you need to get a professional assessment of your car’s condition and repair options. Consider scheduling an appointment with a trusted mechanic or Hyundai dealership to diagnose the issue and provide an estimate for repair costs. I believe they may offer insights into whether fixing the engine is a feasible and cost-effective solution based on the specific problems your car is facing, you’ll weigh. @HyundaiDriveHub

Absolutely, I completely agree with your suggestion @Oliver_james . Trading in or selling the car in its current condition seems like a practical approach. Dealerships often have programs for accepting trade-ins, even with mechanical issues, which can be advantageous when looking to purchase a new vehicle. Additionally, selling it privately with full transparency about the issues allows for negotiating a fair price based on its condition. While it’s true that a car with known mechanical issues might fetch a lower price, the prospect of offsetting some of the outstanding loan balance makes this option quite appealing. It’s all about finding the right balance between convenience and financial prudence. Thanks for sharing your insights!

I think you need to first evaluate your financial picture like the remaining balance on your car loan, the amount you can allocate for repairs or a replacement vehicle, and any upcoming expenses you may have before deciding to upgrade or repair. Moreover you should also take into account your income stability, the level of savings you have, and your future financial objectives as you assess your options. It’s important to make a decision that not only addresses your immediate needs but also aligns with your long-term financial health, ensuring that you don’t find yourself in a challenging financial situation down the road. So you can clearly weigh whether to upgrade, or repair. I am victim of not considering these options, let me tell you, you don’t want to go through that road.