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Old 03-30-2010, 05:09 PM
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IGotASlowCivic IGotASlowCivic is offline
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Bad transmission - sell or fix?

I have an 04 Honda Accord V6 which has the dreaded bad transmission. It has 115k and i bought it certified used. It is my daily driver and i owe 7800 on my loan.

Is it best to pay 3+k to fix the transmission and hope it doesn't go out again?
Or trade it in for a like a cheap civic? I may just get raped in a trade in.. because of the condition of the tranny... i'll prob be upside down on the car loan....

I drive 120miles a day for work. So need a reliable car i can beat up (as in mileage not abuse)
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Old 03-30-2010, 05:29 PM
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Well, if it isn't slipping all the time, then trade it in and hope you can get more than the balance of your loan. A Civic would be a good commuter car. Or, find a local transmission shop that will replace it for less than what Honda asks for.
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Old 03-30-2010, 05:29 PM
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sorry to hear that. With $3000, is it a new transmission or a rebuilt? i would sell it and buy something else if i were you, because $3000 is a lot since the car maybe worth 7-8k with a good condition transmission. try to sell it yourself. now you use the $3000 that you might have spent from the transmission to payoff the balance then i think with $8000 you can buy another honda with lower miles in good condition, Just my .02 cent
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Old 03-30-2010, 05:36 PM
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An 04 with 115K miles? You're not gonna get much for it...I reckon maybe $4-5K if you're really lucky. So $3k and you can drive it for a while and then trade later...or trade it now, pay the $3k difference on loan and don't worry about it.

You can always go ask for a goodwill.
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Old 03-30-2010, 05:56 PM
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Doing my best to get a good will assistance from honda.. going through the rounds right now. If the job comes out to be 2k or less. I'll pay for it. and pray it doesn't happen for another 100k miles.
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Old 03-31-2010, 04:50 AM
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If it still drives alright try and trade it in with "no issues". I had an rsx-s with soooo many things wrong with it, but upon tade in they didn't even open a door to sit in it. All the salesman want is to get you in a new car.

Don't feel bad about it, dealerships screw people regularly.
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Old 03-31-2010, 05:08 AM
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Quote:
Originally Posted by JohnB View Post
If it still drives alright try and trade it in with "no issues". I had an rsx-s with soooo many things wrong with it, but upon tade in they didn't even open a door to sit in it. All the salesman want is to get you in a new car.

Don't feel bad about it, dealerships screw people regularly.
I agree. I wouldn't sell yourself and hide the problem because you're just asking for problems.. but if you can get it to the dealer it's worth a shot! But just remember, what goes around, comes around...
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Old 03-31-2010, 07:10 AM
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I was just faced with the same situation. Try to find a reputable transmission shop that specializes in Hondas. Don't go to a chain transmission repair shop. I got mine replaced with a rebuilt unit for $1500 including a new torque converter. Ask the parts guy at the dealship. They usually know of good alternatives.
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Old 03-31-2010, 07:53 AM
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If money is the issue, repairing the transmission seems to be the least expensive choice.

Option 1, repair the transmission on your car, after which you have good condition Accord with 115,000 miles on it. Total cost $2,000 to $3,000.

Option 2, trade in Accord without telling them about transmission. If they give you $4,800 in trade, you must cough up $3,000 out of pocket just to get out of your loan. At that point, you are simply even - no car and no loan. Depending on what you buy, you must then make another down payment ($1,000 minimum) and get a loan for difference. If that car costs $10,000, you will pay another $1,000 for taxes, title , tags. Total cost is $5,000.

Depending on what car you select as a replacement, the cost will vary. But loan payoff, down payment, taxes and tags will be much more than the cost to repair your transmission.
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Old 04-03-2010, 09:38 AM
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I finally got a response, Honda offered to cover 10% and i got a quote of 2800 dollars WITH that 10 percent. They denied to cover anymore because they said failed to do required transmission fluid changes every 40k miles. Next week I plan to call back, unless I read the manual wrong , I don't have to change it til 120k miles.
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Old 04-03-2010, 12:26 PM
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Quote:
Originally Posted by IGotASlowCivic View Post
I finally got a response, Honda offered to cover 10% and i got a quote of 2800 dollars WITH that 10 percent. They denied to cover anymore because they said failed to do required transmission fluid changes every 40k miles. Next week I plan to call back, unless I read the manual wrong , I don't have to change it til 120k miles.
The first major tune up is at 105K miles. All fluids need to be changed regularly. No fluid would last 120K miles. Honda changed the transmission fluid in my 03 Accord during the 45,000 mile service. So they are correct in changing the fluid every 40K miles.
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Old 04-03-2010, 03:29 PM
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Quote:
Originally Posted by IGotASlowCivic View Post
I don't have to change it til 120k miles.
They might fall back on severe use schedule which is 60K or three years.
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Old 04-03-2010, 04:03 PM
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Honda corporate can't say that you didn't change the fluid at correct intervals, since "normal" is 120k, and "severe" is 60k. The 40k the dealer came up with is the dealer's schedule.

IMO, the fluid in V6 units, especially, should be changed at 30k maximum. If heavy city use, it should be changed even more often. The 4 cylinder cars, 30k is fine, and the filter is easily accessible.

This is how I present your particular issue to one of my customers. Look at it this way, can you replace the car for that $3k? Even at Honda's "help" can you replace the car for that amount? Do you still like the car?

Is the car in good shape otherwise, as in no major body damage, no rust, no other mechanical issues? Has the 105/110k service been done? (t-belt, pump, valves, plugs, etc?)

If you spend the 3k, along with what you currently owe, is this going to be substantially more than an actual street value for the car?
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Old 04-03-2010, 04:47 PM
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I looked it up in KBB.com, and Private Party value for an 04 V6, with 115k miles, in good condition is $8,765. I think it's worth fixing, even if you plan to sell it afterwards.
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Old 04-03-2010, 05:18 PM
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i say keep the car and do the transmission job. if you take into consideration what FredSVT and BLCKFLSH said about the value of your car and how cost effective this is for you, then the least expensive route is going to be by getting the transmission done.

when i got my 6th gen, it's private party blue book value was $10,000 at the time. Six months after purchasing my car the transmission went out. for me, it was cheaper to just fix the transmission vs. going through the hassle of looking for a new car and use my car as a trade in

if you don't want to get the transmission done through honda directly, get it done at a reputable honda transmission specialist shop. that's what i did. you'll need to do some research for one of those in your area though. when you do find one of those, i'm sure they'll get the job done around the $2,000 price point you mentioned.
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