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Reply to "2015 Chevy Malibu - heating core gave out - repair or replace?"
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[quote=Anonymous][quote=Anonymous]With a high mileage commute like that, I would either get a Toyota Camry Hybrid or a Lexus ES300h, depending on your budget. New or lightly used--right now there is a low supply of used cars so maybe go new. Both are THE standard for bulletproof cars that will endure high mileage and will save you a lot on fuel costs. The Camry gets 51/53 MPG, and starts at $28k new. Re: you and your wife weighing the pros/cons of taking on 5 years of payments vs. spending to keep an aging Malibu running... --There is no perfect answer, but either way you are "throwing $ at a depreciating asset." Car payments? That's throwing a lot of money at a depreciating asset. Same with repairs. --In most cases it is cheaper to make the repairs vs. acquiring a new car payment. See https://www.nerdwallet.com/article/loans/auto-loans/fix-sell-car --A new Camry or ES will be much safer than your 2015 Malibu. Safety in cars has grown significantly over the past five years. Maybe something to think about given that you log a lot of miles. --Could you set a goal of paying the car off in 3 years rather than 5?[/quote] Thanks. My wife is just convinced all cars turn to utter crap after 5 years, and I'm trying to square this with all the Honda cultists who talk of having logged 200k miles on their vehicles without any problems whatsoever. As for 3 years vs 5, I'd have to get an econobox like a Cruze or a moderately used version of your cars. [/quote]
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