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My MINI and Finance: Trade it and move on?

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Old 07-07-2015, 01:06 PM
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My MINI and Finance: Trade it and move on?

Hey guys,

So I've recently put $1500 into my MINI for things like dents, tires, and other cosmetics. It''s looking great, but after having driven it the past couple days, the clutch has been a bit funky on it. I wanted to get your opinion on these three standpoints:
  • Keep the MINI and deal with the clutch repair.
  • Trade in/Sell the MINI and try and buy a certified used car.

I do have a 2015 Corvette to drive in the meantime if it is sold private party, but here is where I am:

I owe $10,408 on my MINI.

KBB Value is:

Trade in - $7,206 at excellent.
Private party - $8,510 at excellent.

NADA Value is: (ALOT MORE)


Here's a link... much easier.

What do you guys think? Trade it in or fix the clutch?
 
  #2  
Old 07-07-2015, 06:28 PM
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Following your link, I take it yours is an '07? How did you get so far underwater? Anyway, if you like the car, I'd pass on the $2k hit and get the clutch replaced. You'll no doubt get a lot of different posts as to your question..
 
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Old 07-07-2015, 08:54 PM
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Without knowing cost of clutch repair/replacement hard to say. Figure that out first. Most folks don't have a 15' Vette as backup plan #1.
 
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Old 07-08-2015, 04:38 AM
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Wow, you owe $10K... ouch!

The clutch is acting wonky? Do you have about 150K miles on it? Anyway, I would put off the Clutch Replacement until you start getting slipping (going up a hill and the engine RPMs go faster but the car goes slower)

Clutch replacement should run about $1.5K about $750 for parts (everything) and about the same for labor.

Motor on!
 
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Old 07-08-2015, 07:23 AM
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Originally Posted by AZdsrt
Following your link, I take it yours is an '07? How did you get so far underwater? Anyway, if you like the car, I'd pass on the $2k hit and get the clutch replaced. You'll no doubt get a lot of different posts as to your question..

Yes! It's an '07. I like the car, but I've spent thousands on it. As far as underwater is concerned...

I bought the car 2 years ago for $15,000. May have been a bit more than I had anticipated to spend on it since it was worth $14,500, but the people were nice and the car was in great shape. I took it on a couple trips to Colorado (like 3-4) for snowboarding, but I don't know. Maybe my car payment is just too small...

Also... I'll elaborate on thousands spent on the car.

$6,700 on an engine and labor after the engine blew.
Couple thousand on repairs from people dinging it and rear ending it.
General maintenance.
 

Last edited by cbowlan; 07-08-2015 at 07:31 AM.
  #6  
Old 07-08-2015, 07:26 AM
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Originally Posted by Minnie.the.Moocher
Without knowing cost of clutch repair/replacement hard to say. Figure that out first. Most folks don't have a 15' Vette as backup plan #1.
Yeah, but I guess shops here aren't too keen to estimates... Sad part is I just had the engine replaced last year and they said the clutch was good. :(

The '15 Corvette was something I've wanted for years, and would rather not put miles on. Hardly ever leaves the garage.
 
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Old 07-08-2015, 07:29 AM
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Originally Posted by JABowders
Wow, you owe $10K... ouch!

The clutch is acting wonky? Do you have about 150K miles on it? Anyway, I would put off the Clutch Replacement until you start getting slipping (going up a hill and the engine RPMs go faster but the car goes slower)

Clutch replacement should run about $1.5K about $750 for parts (everything) and about the same for labor.

Motor on!
Glad you asked this question! I have 89.5k miles on the car. I plan on it, but it doesn't make it as fun to drive having a wonky clutch.

I would describe the clutch's function as it goes in:

1/5 in - solid and good bounce
2/5 in - starts to get harder to press
3/5 in - instant actual *pop* and moves in
4/5 in - a lot, lot harder to go all the way down
5/5 in - down

between 3/5 and 4/5 in is where I can change gears. 5/5 to start car.
 
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