Q: Get transmission fixed or scrap car?

asked by on September 08, 2016

I bought this car 2 weeks ago for $3600. Clean car fax, clean auto score. 1 owner. Very clean. No warranty. Moved 1,000 miles to Denver. Next day transmission went out. Took to two mechanics. Quoted both at $3,000. Both inspected the rest of car and found no issues. Should I pay to have it fixed or scrap it? I don't want to throw good money at bad. However @ 94,000 miles I could potentially get another 60-100k miles. Or be in a pitfall with a lemon. If I scrap it I would have to buy another used car around $3,000-$4000 as I can't afford much else or payments. So it's either the Honda or another used car. Please Help.

My car has 94000 miles.
My car has an automatic transmission.

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