Here's the deal:
My employers/landlords have a 2000 Volvo V40 wagon. About a week ago, I found a broken hunk of a front spring under the car and told them to have their mechanic check it out since I consider it a safety issue. I dropped the car off and had a chat about it with the mechanic. I agreed with him that the proper way to deal with it was to replace the front springs and struts (original and at about 90k miles).
No big deal, I thought - standard wear stuff.
Wrong.
I should have known something was up when I asked the mechanic for a ballpark on the pricing and he came back with a number twice what I expected: $1,500.
The first issue is that everything is a separate part on this car( struts, springs, spring plates, Isolaters even special locknuts...) A dozen separate pieces per side, and all expensive.
The official estimate comes in even higher, around $2k.
My employers are elderly folks that no longer drive so the car mostly sits except for local runs that a hired driver takes them on. So, they immediately think about giving the car up entirely.
Today, I finally asked what they were going to do with it, and sure enough, they had decided to get rid of it. The mechanic is "asking around".
Then Mrs. "C" says that she wonders if they can "junk it" straight from the shop.
At that point I tell her about scrap value and remind her that the car runs well and is inspected.
I volunteer to clean the car up, take a few pics, and list it on craigslist for them.
She agrees.
So I start doing a bit of research and find that these cars are holding alot more value than I would have ever guessed and that this one at 90k is quite the low-mile example.
In excellent condition (this one doesn't quite measure-up) they book at almost 5K!
I'm stunned.
I'll tell them about the value tomorrow.
If I were more mercenary, I think I could have bought the thing for scrap value, fixed it, and made a couple of grand.
The parts price out to almost 1k (quick internet search) - and that's just insane for struts and springs.
Whatya think?