i have a 2016 chevy volt with 100k miles. one of the electrical components went bad and it costs 3.7k to fix

im thinking given the mileage and wonkyness of old EVs it might make sense to just sell this car for what i can and get a new one? im still paying this off so not sure how that works

anyways, if anyone has advice would be great

Note that the car cost 16k and i bought it 2 years ago so idk if spending 1/4th the original price makes sense at this point

Isn’t car market crashing rn?

dude i have no clue lmao

Idk much either but you’ll prob trade it in for another car. Not sure how that works but just know how to haggle your price down some and I suppose make sure your volt is in good shape other than that one thing

that sounds dope, i could see what the dealership says about this

Dealerships won’t look out for you btw you gotta look out for yourself. Maybe try watching a YouTube on buying from dealerships cuz they will try to rip you off

ah yea i think ive experienced that lol

apparently the part that failed should be under warranty so imma try to finesse that

Doc Hudson won, what, 3 consecutive Piston Cups while having the record for most wins in a PC season?

I think he’s the greatest with or without the accident.

If not him then either McQueen or Strip.

He really the goat man

i would say you have a couple options, but not owning the car outright makes this difficult:

1. find out how difficult it would be to source the part and fix the issue yourself. you'd be surprised at how much dealerships will charge for simple repairs.

2. if you decide to sell the car cheap for parts/as a mechanic special, use fueleconomy.gov to see how much you're gonna spend on fuel costs for whatever new car you want versus what you would spend yearly with the volt (im assuming you use the plug in hybrid component)

3. do some research on what a 2016 volt with similar mileage but with no issues is worth on the market. cargurus and craigslist are great for this. if you can fix it for $3700 and sell it for only a few thousand less than you paid, this may be the best option.

3. not sure how this would work if you're still making payments, but if the car still functions and the issue has to do with the hybrid system, you might be able to sell it to carmax if you can get it through a test drive with no issues. my dad did this a few years ago with an 06 tacoma w/ a bad transmission and 176k miles and they gave him over 10k for it lmao

overall tho, it sucks to be in this situation op. if it were me, i would get rid of the car either fixed or not asap and buy something used that you can afford to buy and own outright. car payments are the financial downfall of too many people these days, especially if that dealership didn't give you any kind of warranty or benefits. truthfully, nobody really wants to go thru the hassle of taking over payments from somebody else on a 9 year old car, so selling it to a dealership may be your best bet. hope this helps

Usually Car Dealers or Mechanics I’d say

Bro thank u so much for this, saved to my notes. Ill see what my options are

Ik yall dont care but i did call GM and theyre going to talk with the dealership and see if we can cut a deal

I jus gotta wait till next monday to hear back

Gonna try to finesse a rental

I got a s***ty 2012 Malibu should I sell now or wait

Got a better car like 6 months ago

That would be lovely

Sell

I think cus its not paid off i cant do that but idk

idk s*** about EVs

i wouldn't fix it and going to an independent shop probably won't help because it's a hybrid.

if you do the repairs and get market value for the car you'll still probably be disappointed. easiest way to gage if it's worth it is seeing what volts with bad motors (probably same cost in repair) are selling for on facebook marketplace.

Im considering selling it for parts but the other issue is im still paying it off. Seems like im pretty much f***ed no matter how we spin it

Tax returns and a payment plan should be enough for repairs. And im a grad student graduating this year so i should be ok in the future in case there are more issues, wage going up type s*** (if i can find a job)

DavidP is a car salesman

@DAVIDPEE

Yeah it’s pretty evenly bad regardless of what you decide. Honestly depends if you’re content with keeping the car long term then repairs would be worth it. Also depends on how healthy the car is outside of its current issues