I currently drive a 1997 Honda Accord with a little over 102,000 miles on it. After recently spending nearly $900 on the car last month due to an encounter with Pothole-Zilla, I’m on the verge of doing something even crazier.
I’ve had the car about six years and, as time has passed, I’m more and more convinced that it was in an accident of some sort and was repainted. What started out as a small sun spot on my roof spread like a virus. And the paint is starting to peel on other parts of the car.
The person who previously owned it clearly had no taste, as they had a chance to change the car’s color and elected not to do so. The previous owner clearly was not of the Caucasian persuasion, either, as the car is dark purple with gold trim. I, however, prefer to call it merlot.
Anyway, a body shop that I’ve brought cars to for years is closing at the end of the month, so I decided to bring my car in and let them have at it before they shuttered their doors.
Bottom line: I am about to spend $3,500 on an 11-year-old car with 102,000-plus miles on it. The plus side is that they do great work and it will look like it came out of a showroom. The minus side? Duh! $3,500!
Am I crazy for doing this? Part of my motivation is that with the way the car looked, I would have been lucky to get $500 for it on a trade-in. Now, at least, if I can get through one more year with it, I should be able to get something half-decent back. Plus, it would be nice for the ego to look like I have a newer car, even though it is what it is.
The car runs well and always has. However, as I said, it’s 11 years old, so performance will inevitably deteriorate, as will parts.
But I really can’t afford a new (and by “new,” I really mean “decent used”) car right now.
So I guess I’ll just keep my fingers crossed and hope I didn’t chase bad money, to steal an expression from the gambling world.