wnaplay1647545503 Posted December 3, 2011 Report Share Posted December 3, 2011 The tranny finally went out on my wifes odyssey so its car time. We could get the tranny fixed for $1-2k but its a 2000 model and we dont need a minivan anymore. I dont want to start dumping money into this thing being so old. So my question is this, I will be dumping all my cash I could be buying a car with into the cake shop. If I want a newer car its going to have to be financed, however since my accident I havent had any verifiable income in 3 years. I dont have any income as on workers comp theres no taxes, they have already been considered and taken out when they evaluate your payment. 3 years ago I had plenty of money but taking more and more out each month has left us just enough to do the shop thing. Is there any way to get a loan and explain to them my situation and them considering it? My wife only works parttime 3hrs a day for many years now and I dont know if she would make enough to qualify for a loan either. Quote Link to comment Share on other sites More sharing options...
Aaron Posted December 3, 2011 Report Share Posted December 3, 2011 Fix the van dude. Sounds like the best move in your situation. Quote Link to comment Share on other sites More sharing options...
wnaplay1647545503 Posted December 3, 2011 Author Report Share Posted December 3, 2011 If I spent $2k on the tranny and the motor which is pushin 230k miles goes out, I will be pissed. Quote Link to comment Share on other sites More sharing options...
KillJoy Posted December 3, 2011 Report Share Posted December 3, 2011 Can you fix the Transmission yourself? Know anyone who can? Personally, I would fix it, given the Financial Situation.... KillJoy Quote Link to comment Share on other sites More sharing options...
Aaron Posted December 3, 2011 Report Share Posted December 3, 2011 If I spent $2k on the tranny and the motor which is pushin 230k miles goes out, I will be pissed. unless you buy a car under enough warranty to cover the financing period, this fear should be applied to any car purchase Quote Link to comment Share on other sites More sharing options...
TTQ B4U Posted December 3, 2011 Report Share Posted December 3, 2011 Can you fix the Transmission yourself? Know anyone who can? Personally, I would fix it, given the Financial Situation.... ^^ this. Only Obama can get away with spending his way out of debt. That's not working too well for him either. Even if it blew up next year, the cost of a tranny and rebuild would likely be cheaper than a new car and more payments. Quote Link to comment Share on other sites More sharing options...
GilbWs6 Posted December 3, 2011 Report Share Posted December 3, 2011 PM sent Quote Link to comment Share on other sites More sharing options...
wnaplay1647545503 Posted December 3, 2011 Author Report Share Posted December 3, 2011 The honda transmissions for these years are notoriously junk. I know several people that are on their 4th and even 5th replacement tranny from the dealership. I was told dont even bother checking with a junkyard because they are that bad. I talked to a rebuilding shop last year who stated they use better parts and the rebuild by them should be fine. I could swap it out myself but not rebuild. There are some rebuilding companies that refuse to rebuild this tranny. Lifes short and its been a long time of cheap cars so were always financially secure, its getting old now. I am tired of always playing it safe and buying a $1k car because I dont know where I will be 3 years down the road I have done this for 17 years now. I see everyone else with a newer car and based on income I should have always had a reasonably newer car. I never really care about my cars breaking down, I know this is always a chance even with newer cars but I will play the odds that a newer car is less likely to have issues at least for awhile. Quote Link to comment Share on other sites More sharing options...
BDHG940 Posted December 3, 2011 Report Share Posted December 3, 2011 Honda minivan holds its value pretty good. I'm curious what they would offer you trade in wise? Quote Link to comment Share on other sites More sharing options...
wnaplay1647545503 Posted December 3, 2011 Author Report Share Posted December 3, 2011 I wonder as well. I found an 07 ford edge for $15k at a dealership and was wondering what they would give me on trade. Odysseys are all over the board. You will see one guy askinf $1500 for his 2000 and another asking $7k for his 2000, and both are in the same condition. Quote Link to comment Share on other sites More sharing options...
El Karacho1647545492 Posted December 3, 2011 Report Share Posted December 3, 2011 Honda minivan holds its value pretty good. I'm curious what they would offer you trade in wise? with 230k and a bad tranny? about $3.50 Quote Link to comment Share on other sites More sharing options...
wnaplay1647545503 Posted December 3, 2011 Author Report Share Posted December 3, 2011 I bet I could still get $1500 to the right buyer on craigslist, possibly even a bit higher. A guy sold his 99 last week with a destroyed/wrecked front end for $1300 on craigslsit. The honda place in westerville puts some needing tranny's on ebay starting at more than that. Quote Link to comment Share on other sites More sharing options...
El Karacho1647545492 Posted December 3, 2011 Report Share Posted December 3, 2011 I bet I could still get $1500 to the right buyer on craigslist, possibly even a bit higher. A guy sold his 99 last week with a destroyed/wrecked front end for $1300 on craigslsit. The honda place in westerville puts some needing tranny's on ebay starting at more than that. I dont doubt that at all, but from a dealership point of view, they are evaluating a trade in price at which they can make a profit. Nothing wrong with that, just don't be insulted when they offer you $500. Quote Link to comment Share on other sites More sharing options...
wnaplay1647545503 Posted December 3, 2011 Author Report Share Posted December 3, 2011 Oh yeah, I assume that from a stealership errr a dealsership lol. I doubt they would offer anything over $500, it would have to be something where they would have to give me a better deal just to get my business sort of thing for me to trade it in. Quote Link to comment Share on other sites More sharing options...
Murse Posted December 3, 2011 Report Share Posted December 3, 2011 supposedly after 2003 the tranny probs were fixed, see about getting one of those. m brother in law has been looking and said you can get one for around 7k (i believe thats what he said ) but that way the payments are lower and insurance might be lower as well. (2003+ had better saftey features too , means lower insurance ) Quote Link to comment Share on other sites More sharing options...
wnaplay1647545503 Posted December 4, 2011 Author Report Share Posted December 4, 2011 My parents may be getting a new car, I might hijack their old suv for awhile to get me by and just sell the odyssey as is. Quote Link to comment Share on other sites More sharing options...
PRD2BDF Posted December 4, 2011 Report Share Posted December 4, 2011 What about this? http://www.columbusracing.com/forums/showthread.php?t=97313 It's from V8Beast so it should be stolen...err, I mean good Quote Link to comment Share on other sites More sharing options...
wnaplay1647545503 Posted December 4, 2011 Author Report Share Posted December 4, 2011 I have been talking to Brian about it for my parents. I have no real way to get financing without verifiable income. Unless Brian wants monthly payments:lolguy: Quote Link to comment Share on other sites More sharing options...
PRD2BDF Posted December 4, 2011 Report Share Posted December 4, 2011 Oh I see. That could get sticky really fast if you did monthly payments. I'm out of ideas then. Good luck, bud. Quote Link to comment Share on other sites More sharing options...
BDHG940 Posted December 4, 2011 Report Share Posted December 4, 2011 Tom (stallion motorsports) just sold the exact same van on here, and I think he got around 2 grand for it. Quote Link to comment Share on other sites More sharing options...
wnaplay1647545503 Posted December 4, 2011 Author Report Share Posted December 4, 2011 If I got a loan for $10k, how much should I expect to pay a month for that size loan? Sorry, its been a long time since I have inquired about any loan. Quote Link to comment Share on other sites More sharing options...
SRTurbo04 Posted December 4, 2011 Report Share Posted December 4, 2011 If I got a loan for $10k, how much should I expect to pay a month for that size loan? Sorry, its been a long time since I have inquired about any loan. Click on this link its a loan calculator http://www.bankrate.com/calculators/auto/auto-loan-calculator.aspx Quote Link to comment Share on other sites More sharing options...
GRN96WS6 Posted December 4, 2011 Report Share Posted December 4, 2011 No offense but this is the issue with America and that's what got us into this mess we're in now people trying to live above their means. You're opening a new business you have no reason to be going into debt getting a newer car just because you're tired of driving old cars. You're lucky you have a car. I don't mean to come off as rude but frankly its what you need to hear. Either fix the van or sell it on CL and buy something that you can get for cash that is a little newer and has some life left in it. Quote Link to comment Share on other sites More sharing options...
Flyin Miata Posted December 4, 2011 Report Share Posted December 4, 2011 My parents are in the same boat. They've got a 99 model that only has about 130k on it, but I can feel that the tranny isn't in the best shape, and things are starting to break more frequently. If you do sell it, I'd be interested to know what you get for it. If you are set on getting a loan though, try local credit unions. I tried Chase for my first ever car loan (23 years old, short but good credit history, and some student loan debt still) and they flat out said no. Went to a local credit union that I've never done business with, and in 3 days they approved me for $10k at 3.9%. Credit unions seem to be more willing to take a little risk than banks. Quote Link to comment Share on other sites More sharing options...
KillJoy Posted December 4, 2011 Report Share Posted December 4, 2011 If I got a loan for $10k, how much should I expect to pay a month for that size loan? Sorry, its been a long time since I have inquired about any loan. The Rule I always use on this (it is VERY rough) is $200 / Month for each $10K Financed. KillJoy Quote Link to comment Share on other sites More sharing options...
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