Should I repair my 2006 Honda Element or just replace it?

Posted by RogueMalygos@reddit | askcarguys | View on Reddit | 5 comments

I was recently in an accident where my 2006 Honda Element was hit from behind. The rear frame is damaged, and repair estimates are around $5.5k, which is more than I originally paid for the car.

Overall, it’s in decent condition with about 130k miles and a replacement engine that was put in before I bought it, though it does need new tires.

I'm in a situation where I could receive $5k cash for it or just get it repaired. I'm not sure what the smarter choice to do would be...

Appreciate any advice!