Kendall.1
Posts: 1
Joined: Jul 2017
Location: Dallas, TX
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Advice, Keep it or Sell it?
After 6 months of car hunting I bought a 2012 Evoque with 93K miles for 23K (26k with TT&L) a couple months ago and I LOVE IT. My girlfriend loves it, my friends love it, it has the room I wanted, beautiful interior, flawless body on it, I look like a badass driving it, I'm obsessed.
Well the rear differential just went out on it. $3400 repair per the quality non-dealership land rover repair shop. I don't know what to do, I love the car but fear I can't afford to maintain/fix it. I am 28, make 80K a year and spend about half that on bills and school loans, I can not afford to buy a new Range Rover.
At this point KBB says it's worth about 20K, I owe 25K, the way I see it I have a few options:
1) Repair it, either pay them or do it myself and prey to god it doesn't keep breaking on me.
2) Trade it in at a dealership, buy a new car that they will let me roll the 5K into another car loan and buy a I dono what? (Ideas here would be helpful too)
3) Sell the car to Carmax (will sell for less than an individual but I'll sleep better) and pay off the loan out of pocket and drive a POS Corolla that I have as a backup from college.
4) This is where you guys come in, hopefully you can give me an option that is better than what I've thought of.
Please let me know your thoughts and ideas.
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13-07-2017 12:17am |
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Doody
Posts: 104
Joined: Jun 2014
Location: Boston & New York City
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RE: Advice, Keep it or Sell it?
that sucks, sir.
i don't think there are that many 100K+ mile owners on this board who can tell you what you're looking at downstream of your 3400 investment.
there is a guy in singapore (?) who has a very high mileage evoque and the list of shit he's fixed on it is scary.
that said (knock-wood) my 2012 is closing in on 70K miles with no major problems.
tough call.
doody
2012 Prestige Premium
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13-07-2017 02:36am |
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Andy131
Posts: 38
Joined: Feb 2017
Location: Manchester - UK
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RE: Advice, Keep it or Sell it?
I am fairly new to Evoque ownership, but have just let go our Freelander2 (LR2 in USA).
A lot of the running gear on the Evoque is common to the Freelander, (engine, 6 speed box, haldex rear differential), so I would hope they would be as robust - that's why I went for an Evoque.
I had done 185k miles in ours, with only a transfer box (£600) failure.
OK stuff like door locks (£75), wheel bearing (£180) & intercooler (£120) failed but nothing ultra expensive.
It does help that in the UK there are lots of specialist companies that will supply parts at well below dealership prices -
eg bellengineering.co.uk will supply a reconditioned Evoque differential for £500 - regular on the Freel2 website.
That said I hate the Evoque, and after 5 months am trying to get rid of it, not that it is expensive to run, it actually does 30% more to the gallon than the Freelander.
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13-07-2017 07:58am |
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yufeizhu
Posts: 3
Joined: Aug 2016
Location: CA, USA
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09-09-2017 12:35am |
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Steve D
Posts: 400
Joined: Jul 2015
Location: Essexshire
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RE: Advice, Keep it or Sell it?
Our 2012 one is out of extended LR warranty in October. It currently had 38,000 miles on it. I have one more free LR service to come in early October. I've been offered another year LR extended warranty plus LRA for £945. Apart from one electrical gremlin, we've had no problems in the two years of ownership. Although a warranty gives peace of mind, I'm planning to stick the money away and self insure. Or maybe not. Oh, I can't decide - I'm planning a biggish trip in it the day after my warranty expires and knowing my luck, that's when things will all go tits up!
Santorini SD4A Dynamic Lux with shadow chromes, ebony leather and privacy glass.
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09-09-2017 03:42pm |
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L18ESK
Posts: 43
Joined: Sep 2017
Location: Stirling , Scotland
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RE: Advice, Keep it or Sell it?
keep it and repair it with 2nd hand or reconditioned parts you have been paying a loan for several months no point throwing that paid money away get the rest of enjoyment out the car you love
every car we have had a little negative equity and carried it onto next finance plan so thats a option too
MY14 Range Rover Evoque Dynamic - Santorini Black with full Black Pack- Panoramic Roof - Xenons - 20" Black Dynamic - Memory Seats - Privacy Glass - Illuminated sill plates - Genuine RR mats
on the list - Dash Cam - Genuine RR boot liner
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09-09-2017 07:16pm |
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