12 year old car needs $1500 repair; what to do?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's hard to answer your basic question. It could go either way.

However, since this is the M&F forum, I should point out, as others have alluded to, that there's a serious mismatch here between your investment net worth at the age of 40, and the sort of premium/luxury European car makes with historically poor reliability of which you think your family is deserving.

Only in the hope that I might shock some sense into you, I'll note that we're a couple years younger than you, have eight times your net worth, and wouldn't dream of buying something fancier than an ultra-reliable Honda/Toyota. Volvos are horrible cars. If your DH's business takes off, and after you set aside your first $2M, then you can think about getting a Lexus. Make this Volvo your last.

NP but I totally agree with you!!

Could you be more arrogant? There's nothing attractive about a women bragging about how much money her husband makes.

I'm not arrogant. I acknowledge that we've been very lucky. But we also have much more of a wealth building mindset, and, since this is finances forum, and OP is very plainly stating that money is a little tight right now, it seemed absurd that she's driving a luxury SUV in the first place.

Also, I am the husband, and I make the majority of the money.

So offer a suggestion without inserting YOUR net worth in there. It has no bearing on the conversation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's hard to answer your basic question. It could go either way.

However, since this is the M&F forum, I should point out, as others have alluded to, that there's a serious mismatch here between your investment net worth at the age of 40, and the sort of premium/luxury European car makes with historically poor reliability of which you think your family is deserving.

Only in the hope that I might shock some sense into you, I'll note that we're a couple years younger than you, have eight times your net worth, and wouldn't dream of buying something fancier than an ultra-reliable Honda/Toyota. Volvos are horrible cars. If your DH's business takes off, and after you set aside your first $2M, then you can think about getting a Lexus. Make this Volvo your last.

NP but I totally agree with you!!

Could you be more arrogant? There's nothing attractive about a women bragging about how much money her husband makes.

I'm not arrogant. I acknowledge that we've been very lucky. But we also have much more of a wealth building mindset, and, since this is finances forum, and OP is very plainly stating that money is a little tight right now, it seemed absurd that she's driving a luxury SUV in the first place.

Also, I am the husband, and I make the majority of the money.

What's wrong with driving a luxury SUV?
Her car is actually pretty good if she got 12 years out of it.
I had a Toyota SUV that started falling apart after 10 years. I wish I had bought that Volvo.

[Anonymous]

OP. Ok, so now the AC compressor is completely toast; I can’t liver in DC (let alone with three young kids) without AC. Time for a new car. I need to finance it, and I don’t see any recent threads about strategies on that, so will start one.