Good for him. Our luck always goes the other way...keep pouring money into a car when you know you shouldn't. I keep telling myself "quit throwing good money after bad...cut your losses." But I don't listen.
Sam's car...
Posted on 08/23/2024 7:21:46 PM PDT by ProtectOurFreedom
A dealership took a 2017 Genesis G90 in on trade decided to auction it off. It was listed as having an oil pressure issue, suggesting that it needed a new engine. Nobody even came near it. It just sat there week after week, waiting for someone to take it home.
Nobody did until the dealership put it up for "make an offer." Sam took a gamble, offered half of the initial price for the seven-year-old sedan, and soon had it shipped to his home.
He bought the car for $12,100 plus a $500 auction fee, which is less than half the price of any Genesis G90 of similar age and with similar mileage currently on the used car market. The 2017 model, labeled as a budget luxury sedan, has clocked 65k miles in the seven years it spent on the road until its owner decided to trade it in.
The first thing he checked on the Genesis G90 when he had it delivered was the engine oil. The level, texture, and color seemed fine, and the car seemed to drive perfectly. But the dream came to an abrupt end the moment Sam stopped at the red light. The low oil pressure warning lit up on the dashboard. But it disappeared when the car was on the move again and came back at the next stop. All signs led to a potential faulty sensor. Sam googled the issue and found threads and threads of discussions on the topic. It was something that the Genesis models had problems with sooner or later.
The Genesis G90 is powered by the twin-turbocharged engine, 3.3-liter V6, 365 hp, 376 pound-feet of torque. An eight-speed automatic transmission puts the power down in a rear-wheel drive setup...0 to 60 mph in 4.4 seconds.
(Excerpt) Read more at autoevolution.com ...
Good for him. Our luck always goes the other way...keep pouring money into a car when you know you shouldn't. I keep telling myself "quit throwing good money after bad...cut your losses." But I don't listen.
Sam's car...
Good for him. I wish I were mechanically adept enough to do this. Most engines can be disassembled and put back together over a weekend if you have the time and equipment.
You could probably save yourself enough to pay for all your tools for this.
AI says.....
According to AutoZone, replacing an engine can cost between $3,000 and $8,000 or more when a mechanic does the work. Doing it yourself may also cost at least $2,000, even if you use the most economical options.
You can also buy used engines and engine parts for the Genesis G90 on eBay. For example, a pre-owned 2017–2019 Genesis G90 AWD 5.0L V8 engine motor with 63,000 miles is listed for $7,124.99 plus $450 shipping
I thought that was low. Especially for a luxury car, but I kept clicking around. Those numbers are correct.
A search on a replacement for a Mercedes engine of similar build is about $12,000
Bottom Line. Never buy European.
2017 Genesis G90 pricing starts at $17,294 for the G90 3.3T Premium Sedan 4D, which had a starting MSRP of $69,050 when new. The range-topping 2017 G90 5.0 Ultimate Sedan 4D starts at $19,399 today, originally priced from $70,650.
So the buyer paid a fair price - maybe even too much - for this car supposing it had a bad engine.
He lucked out big time that it was a bad sensor.
Or did he know that in advance???? Things like that happen.
The newer cars have more problems.
Some brands have replaced a lot of more durable meta parts under the hood with plastic parts, that do not last, or get damaged when you are trying to get to other parts.
Further, cars may develop problems not because the engine, transmission, or alternator (an actual working part) fails, but because a sensor fails, and the newer the car, the more sensors they have, that can fail.
This guy has a YouTube channel and is on Facebook with the name Samrac. He buys lots of luxury cars with issues that can be costly to fix and find cheaper ways to resolve the issues. Buys lots of Bentleys, Land Rovers etc.
Pretty interesting videos.
There are YouTube videos for all kinds of repair jobs and appliance problems. I used one to change the headlights on my car.
This article reads like a fictionalized account written by AI.
We had two Volvos when our kids were little, a sedan and a station wagon. We took the station wagon to San Francisco about 1995 and when we got back to the car it had dumped all its coolant on the parking garage floor. The tee valve that shunted coolant to the heater core was plastic. One of the arms of the tee broke completely off.
Putting a plastic valve in the coolant li e was the stupidest design decision I ever saw. Nothing but problems with those cars, big and small.
We bought that car about 34 years ago.
I have always owned cars and trucks that I can work on. I have kept my 04 F-150 for that very reason. I have all of the tools that I need for working on it and my older cars. I bought my wife a 2018 Lexus RX-350 with the extended warranty. I was really surprised when the original battery went out. We were on a cross country trip and I took it to the closest Lexus dealership expecting to pay $150.00 + for a new battery. They replaced it free of charge. I am really impressed with Toyota products and their service.
How about a vivacious, very fit and very pretty Aussie girl monetizing rope jumping?
Make your own luck. If the car’s battery is still decent and the computer works, bring your OBD reader, plug it in, turn the key and see what DTCs are reported.
Eric gets a quarter-million views for each video, so he’s making a couple thousand bucks for each.
I do something similar but with heavy equipment. About a year ago I saw this CAT Backhoe sprawled out in a field and by the looks of the vegetation had been there a couple years. I found the owner and he told me it had busted a hydraulic line but never got fixed. Then he told me someone had offered to buy it but when they tried to start it the engine was locked up. I offered him $1500 salvage price, he wanted $2000, we settled on $1750. I got 2 new batteries and new terminals put on, hit the starter and she cranked over, gave it a shot of ether and she cranked right up. When it did I found the oil leak, shut it down and had a new one made for $50 and $100 dollars for 10 gallons of oil. Replaced hose, added oil, cranked it up and drove off with it, sold it later for $12,000. Deals are out there just got to look for them.
Engines locally available for $2-4K. Some quite low mileage.
https://car-part.com/cgi-bin/search.cgi
Sorry bad link. www.car-part.com
“bring your OBD reader, plug it in, turn the key and see what DTCs are reported.”
That’s a good start.
Some problems won’t throw a code.
You gotta feel and listen and diagnose.
If ya get it wrong it’s gonna cost you more.
Been there done that got the tee shirt.
I used to work on my cars because I had too.
Then I just did because I could.
Then it was to teach my kids and keep their cars running cheap.
Now I just do small stuff on my own.
Alterators,brake system,cooling system tune up.
Timing chain would go to a shop, I just don’t want to do it.
Scotty Kilmer did something similar to that in a recent video for a rough riding engine. He forgot to plug the replacement sensor back in though and had to revisit the plug in. Fixed it.
I can’t believe a dealership would not check that simple little sensor........................
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