1996 STS with 48,000 miles. Flawless everything. Tons of options. Just beautiful inside-out.
Head gaskets are starting to go.
I paid $4,350 for the car last month. I put an additional $1,100 into with tune-up, water pump, T-stat, taxes, labor, etc. So total cost (include DMV fees) was around $5,700. I have since gotten $1,000 back from the former owner who felt terribly bad about this situation. So... $4,700 is where I'm at.
My main goal is to try and get as much of that money back into my pocket. I do not want to pay $3,500+ to have the issue fixed. I want the car off my hands ASAP and as much money in my pocket as possible.
I don't want to trade the car in without disclosing the problem at some dealership because I was told I could end up in the middle of a fraud lawsuit. But I ask, how's it fraud if I say, "I didn't know"? Besides, I want cash. I don't want this to be a down payment on a lease, etc.
I won't sell the car to a private buyer without disclosing the problem. That's just wrong.
I was told a junkyard won't give me much for it.
What the heck can I do to maximize my returns?
1. I have a 1995 SLS that needs some work. I thought about taking everything from the 1996 STS that the SLS needs and just hooking the latter up. I would transfer the suspension, mirror, shifter, etc. This option seems like it could be costly.
2. I just post ads for the car with hopes someone will buy it in its current condition. Maybe I can get $2,500 for it?
3. What about removing the parts and selling them individually off of eBay? I feel like this could return me the most money, however, I see this taking an amount of patience I don't have. But I'm sure somewhere out there, someone would pay me $1,000 for my suspension; and that I could get at least get $400 for my year-old tires. Right there, that's $1,400. Toss in some mirrors ($50 each), a hood ($150), some other stuff, etc., and I'm at $2,000. But what will it cost me to have all of this stuff removed? That's what I'd need to find out. Still, this would take MONTHS.
Any other options?