Need some advice from the OZB community.
I have a 2005 Honda Accord Euro and it is perfectly drivable (170k km). But I have been advised but the service mechanic that it is better to trade-in this car for a newer one, as it is getting old and needs more and more repair/parts replacements.
After current service they advised it now needs at least another $1500 to do the repair and replacement, which I haven't done them yet as the car only worth say ~$4000.
I am concerned about future repair/replacement bill. But also I feel car is a depreciating asset and try to defer the purchase as much as I can.
What would you advise?
PS, these are reported issues to be fixed:
1/ Oil leak present - suspect timing case/rocker cover gasket oil leak. Right drive shaft weeping. Lower sump leaking minor.
2/ Front lower control ARM bushes starting to crack
3/ Vehicle pulling left - require wheel alignment
4/ Brake fluid flush and bleed required
5/ Tyres worn out
6/ Rear brake pads and rotors worn out - require replacing. 260mm DIA and handbrake on calliper.