Last night someone slipped into my driveway and sawed off the catalytic converter from our 2002 Honda Odyssey that has 202,000 miles on it. It was fresh back from the shop with $700 of new work done on it and I had hoped set for another 40-50,000 happy miles. Replacing the CC is likely to cost between $500 (we hire a welder) and $1,700 (my mechanic's quote). Kelly blue book says the van is worth $1,500 - $2,000 (with a CC :), I'm sure much less without). Should we stay the course and payout to replace the CC or sell the van to highest bid and make the leap to our next (used) car?
For background we are a single car family, with only the most basic insurance. Still checking to see if it is covered but my guess is no. We'd likely buy a used vehicle from the mustache list (or replace the van because the abundance of space has been hard to deny with kids and being primarily used for family trips) at around $5,000.
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