Reply to Rule of thumb, when to buy new car?

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[quote=Anonymous]It's always cheaper to fix what you have vs buy a new car. You can limp along for years - or even just 2 or 3 more years - with what you've got, which will forestall spending major bucks on a new car. (I'm assuming you are NOT using the dealer for service any more - and if so, stop it right now.) You will never get to the point where it makes financial sense to drop $20k or more on a new car vs spending $3k the next 3 years on repairs.

But it's ok to but a new or used car if you're just done with your current car. We finally got rid of our 20-year-old car because it was approaching "death from a thousand cuts." The alignment was terrible and needed major work, the seats were torn, the gas door didn't always open, the the body rust was getting ridiculous...etc. I think we still could have kept it another 2-3 years, but we were just done.

If you develop an awareness about the truly necessary repairs vs the "optional" ones (check online forums if you're unsure), then that will help you decide how to move forward.

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