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Reply to "12 year old car needs $1500 repair; what to do?"
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[quote=Anonymous]IF you got your next car now, what would the payment be? Say 300. It equals x. Take 1500/x = 5 5 months. Will the repairs last you 5 months of 0 more maintenance? Or not? If it will last 5mo w/o more investment, keep the car. If not, don’t keep it. We played this game with our really cheap last car. Dh put 700 into it. I said...ok now we can’t have any more $ into it for 2-3 months. It did last. Then it happened again. Suggested work we going to be 1000. We didn’t think it would last 4 months w/o yet another need. So we sold it. (So you can play this math game preemptively, or going forward after repairs. Either way. Take your estimate of your next car payment & use it as a guide) [/quote]
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