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Reply to "When to repair versus replace car"
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[quote=Anonymous]I went through this in 2012 when I was considering replacing a 2000 Acura TL. I first thought about the estimated new car payment amount. For this example, say it’s $500. Divide the estimated repair cost by the monthly new car payment amount. Will the repair allow me to drive the car for more months than the answer? If yes, repair the car. If no, replace. I ended up replacing my Acura with a Toyota. I still drive the Toyota and will go through the same mental process whenever I encounter repairs. Fortunately, car is still in great shape and only do regularly scheduled maintenance.[/quote]
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