It May Be Time to Sell the Car

It May Be Time to Sell the Car
Sell it and put the money you saved on repairs toward a better car. RetroClipArt/Shutterstock
Dave Ramsey
Updated:

Dear Dave,

We have a 2008 Honda Accord that needs a new timing chain. Our mechanic says the repair will cost about $2,200. The car is worth about $4,500. Is it time to get another car, or should we have it repaired?

Dave Ramsey
Dave Ramsey
Author
Dave Ramsey is CEO of Ramsey Solutions, host of "The Dave Ramsey Show," and author of best-sellers including “The Total Money Makeover.” Follow Dave at DaveRamsey.com and on Twitter @DaveRamsey.
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