We have been babying along our vehicles for the last year or so. Everything we have is over 150K. Audi A6 at 180K, Toyota Sequoia at 180K, Tahoe at 199K.
My wife's Tahoe just dropped Reverse gear. It will still go into all others, but Reverse is out. We haven't had anything more going on with it, although, I hear a very subtle knock when idling... kind of like a lifter is on its way.
I am trying to figure out whether to go for the fix of a rebuilt replacement, or just call it good, and walk away. I am surprised that we went 200K with it honestly. The only thing that has had any issues was the AC, heat mixer vacuum switch, and changing fluids/brakes.
About 2 years ago, I had a Toyota 4Runner which was my favorite vehicle. I put 186K on it, and one day, the front differential went out. Nothing before had gone bad, so I had them fix the differential, and within 400 miles, my engine blew. Bucket of bolts, dropped lifter through the cylinder type sound. I didn't even look. I towed it to the garage, they said Yep, its done, and I gave it to a friend who junked it.
So, I am leary of putting too much $$$ into this Tahoe, but I would like to get some more cheap mileage out of it if possible. I hate the idea of a car payment. I haven't had one since I bought my mom a car a few years ago. But, I also know that at any time, my Sequoia or A6 could go as well, leaving only the F350 dually diesel running, and it really isn't a commuter.
So... what say you? I'd take $1000 for another 3-6mo of driving over $1000/mo payment. (I don't run out my payments and I wouldn't even want more than a 2yr loan if I could swing it. But I have too many other bills at this moment.)
Do you think it is worth giving it a shot and fixing the transmission or would you just call it good and walk away?
I am right at 50/50. I haven't taken it in to see the cost of a rebuild and installation. So if you have some guidance on reasonable $$$ for this, I'd appreciate it.
What kind of shape is the body in? Any rust at all? How's the interior? Clean?
If the body is good, the interior clean, and no known engine troubles, if it was me, I'd go over to LKQ pick your parts in Lexington and get a used transmission for $100 out of a low mileage wrecked Chevy or GMC and slap it in there. It's most likely a 4L60E transmission, made since 1992 to present. There are literally millions of them out there.
I drive a 1993 Suburban K1500 with that same transmission. I have a spare 4L60E in my garage from a 1993 van I got rid of. It's a fairly easy swap and should take only about an hour to drop the transmission out, and 2 hours to put it back in.
What do I love about my 1993 Suburban.... I paid $6000 for it 10 years ago, and have put about $1000 into it. So $7000 for 10 years and its still worth $1500, so $5500 for 10 years.... that's $550 per year.
I have spent $550 per year on a vehicle for the last 10 years.... think about that. $550 per year.
Even if I put $1000 per year in repairs on it, I'd only be spending $1550 per year on a vehicle.
It takes me to work every day.
It takes my kids to college and back every spring and fall.
It takes my tractor to our remote property and it brings the firewood home.
Just last Saturday I towed my car hauler trailer down about 110 miles away and picked up a loveseat and chairs for one of my kids and brought them home. Used 15 gallons of gas for 220 mile round trip. 14.99MPG.
Would I let my wife and kids drive it without me? Heck no! :laughing: While it works for my needs, it's not dependable in the sense that it can die at any given moment compared to a new truck. If I had to make my living with it, I wouldn't chance it. But I don't have to make my living with it and I don't have to make my wife and kids drive it. So yeah, it's perfect for my needs.
Think about the car payments I have not made for 10 years. Or lease payments. Even if I only paid $400 per month for 12 months, that's $4800 per year for 10 years. That's $48,000 I didn't hand to someone else. That's over $100,000 in the old investment bank when you add up the interest. :laughing:
I just can't stomach buying new vehicles when the one I have works fine.
