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Selling/fixing a car best route to take?

Asked by CuriousLoner (1808 points ) January 4th, 2013

I have a paid off 2003 Hyundai Elantra. I bought it used and had it for little over 2 years. Besides basic maintenance oil change,tune up and tires over the 2 years I only had to get a new radiator and thermostat due to over heating.

Other than that it ran fine. Now since I’ve been gone let family use it. It has been sitting for a while in their yard, last time I went on leave this April 12, from what I was told the oil pump is bad. It apparently broke when I was gone so I have no real idea.

I can either sell it to a guy for $600 basically junk it pretty much OR try spend a little money to get it fixed and sell it.

From what I’ve seen on books a 2003 Elantra with 132k and the body is fine, small scracth front left side, easy fix though nothing major. Told about 2–4 grand is what I should be looking to get from it, if I get if fixed and running good.

http://www.kbb.com/hyundai/elantra/2003-hyundai-elantra/gls-sedan-4d/?vehicleid=2541&intent=trade-in-sell&mileage=132000&options=100116%7ctrue%7c100110%7cfalse&pricetype=private-party#survey

My questions are

$600 bucks if I did “junk” it, reasonable price?

Worth getting fixed? I told I’m looking at about $400 dollars to have it fixed, however my understanding is if the oil pump is bad the engine might have damage already or might not fix everything. Possibility of having more work needed to be done, or might be just that….

Any suggestions or advice?

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