Hi fellow Dimers,
Would like to hear your suggestions with my current scenario. I am currently located in Hyderabad. I bought an old car (~16 years) around 6 months ago for ~1L to use it as a backup and for learning purpose for my family. The registration is valid till 2026 (20 year validity). The car has been working smoothly till now. Yesterday while driving, it suddenly slowed down and completely came to a halt. I got it towed and now it is currently in authorized service centre-Hyundai. The service person informed that the engine head has to be replaced along with couple of parts which could cost upto 40K. I am wondering whether it is worth to shell out this amount for such an old car
My question is what are the options available for me now:
1. Should I get it repaired by paying 40K
2. Should I get it repaired from a local repair shop for a lesser price? the service guy said a quick fix is not possible but we never know
3. Should I get it scrapped? If so, what would be the best possible way to do it? Any manufacturers in Hyderabad is offering discounts for exchanging old cars for scrap? the recent policies by Govt for vehicle scrappage looks lucrative but I am not sure whether any manufacturers/dealers have started implementing it
Sorry for the long post, any suggestions/ideas/personal experiences would be highly appreciated