Repair or salvage Honda Odyssey

honda
odyssey

#1

Hi! I’m the original owner of a 2003 Honda Odyssey with 184k miles. Over the weekend my 16 year old ran into a curb causing significant damage. The car has a broken crank arm, bent sub frame and needs a new tire, new rim and alignment. Additional repairs may become evident once the car is driveable. Estimated cost of repairs is > $3700; the KBB value of the car is $2500. Does it make sense to go ahead with the repairs knowing it could go another 40k miles? It will primarily be driven by teenagers to/from school and (local) work. If I sell it for salvage, eventually I will purchase another car for the teenagers share. I’m leery of filing an insurance claim, as the increase in premiums will likely be steep. Thoughts?


#2

Would the increase in premiums be more than $3,700? I doubt it. I’d total the car and use the insurance claim money as a down payment on something more suitable for teenage drivers, something with better sight lines, fewer blind spots, and a smaller back seat. :wink:


#3

$3,700 and you haven’t even touched a single maintenance or wear item. At this mileage you will have plenty of both. Time to walk away.