Repair and sell car or keep it?

[supergel]

I have a 6 year old Hyundai Kona that recently went into limp
mode. It’s in the garage and the mechanic thinks it’s a part on the turbocharger that’s gone. Hopefully don’t need a new turbo, just the switch, which is £££s as it’s a dealership part only.

My question is, do a fix and keep or fix and sell as I’m worried this is a sign of things to come.

For context if I was to sell I would like something of a similar size so any suggestions welcome. I do have roughly £4000 outstanding on the finance too so that is impacting my decision but I just really want a reliable safe car for me and my children.

Bump

Bump - need advice

I think you need to know the total cost of the repair (parts plus labour) to make an informed decision.

Have you had the car from new?
How many miles are on it?
Is it due an expensive service and ireplacement tires in the next 12 months?
How is the car financed e.g personal loan, hp or pcp?
What is the trade in value of the car?

If I'd had the car from new, the repair was 10% or less than the cars value, low to average miles, no previous history of issues and minimal equity in it versus part ex value minus the outstanding finace id personally repair and keep it. If there were any further costs outside of consumables in the next 12 months I'd only then be inclined to consider getting rid.

Hyundai is pretty reliable and if you'd be financing another used car that also comes with a new set of unknowns. It's about weighing risk factors and there isn't a clear right or wrong in this scenario. you just need to feel comfortable with the factors you've taken into account whatever you decide.

Thanks for responding. It’s done just over 39k and I’ve had it since it was 4 years old and it’s coming up to 7 years old.

I owe just over £4000 and have a valuation of £8000. That’s why I’m thinking maybe sell and use the money for deposit on another like a Toyota CHR.

I haven’t had a full diagnosis of the repair work yet as the garage is still trying to figure it out, but if it’s a turbo it could be ££££s.

So I sold the car. The repairs were just too expensive. Looking at new cars.

would like a small SUV type crossover. I like the t roc. Any opinions?

What's the budget and are you looking to buy outright, hp, loan, pcp or lease?

@supergel I'd get a personal loan f I had to finance part of the cost of the car and buy a Toyota yaris cross, or CHR or a Honda HRV that was 2-3 years old from a main dealership. No future reliability concerns with those choices. T-Rocs are nice but overpriced IMHO. Skoda Kamiq is the better small suv offering for value and reliability from VAG group (audi, vw, skoda and seat are all part of the same manufacturer).

I’ve got £4000 from the sale of the car and will put £2000 in cash. I don’t want to borrow too much so would like a car no more than £13,000 if possible.

i don’t think I’ll get a 2-3 year old crossover for that amount.

I tried to test drive a CHR this weekend but they were all out of my price range, so pointless really. I have found a few T rocs in that price range though.

I will have a look at the Kamiq. Thank you