The transmission in my 1999 Lexus RX300 with 160K mile blew up yesterday. (No reverse, no neutral, incredible noise.) We called around to some recommended shops (no dealers) for quotes - $4000+ to replace with a rebuilt one. Other than that, the car’s in good condition but the book value is only $3K-4K. It will soon need a new timing belt/water pump - another $1000 plus my husband’s afraid we’ll soon have start replacing belts, etc.
If I got a new car, I would want a reasonably priced (< $35K incl fees, taxes) hybrid since I do a lot of city driving plus it must have AWD/4WD. The local streets are very steep here and treacherous in winter. The limited choices are too expensive and don’t get great mileage even with the hybrid. I know Subaru is coming out with one in a few months, but we would need to buy something within a week or two.
There is one option in used cars - a pre-2013 Ford Escape Hybrid. (I found a 2010 w/ 56K mi for about $21K.) Ford discontinued the hybrid option for 2013. Does anyone know why? My husband is leery of buying it because he doesn’t think Ford is that experienced in hybrids. And I’m thinking that if it was a good car, why did they stop making them?
So, is it worth fixing the 15 yr old Lexus (book value 3000-$4000) or should we put the $5000+ into a new car or a used Ford Escape Hybrid? Thanks.