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Reply to "When is the "tipping point" to getting a new car? "
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[quote=Anonymous]A good question. The difficulty is that you never know what the costs will be down the line. You could talk to the mechanic to try to get a sense of the state of the main systems and what their useful life might be. I don't know that the fuel efficiency should be a factor since you could presumably buy a new car with better efficiency if you wanted to. One other factor is the hassle-you don't want a car to break down while you are driving it, nor to always have to be taking it in to the garage. Then there is the decrease in value of the car itself. If you buy anew car, say for 20k, then you will be reducing the value of the car by 2 or 3 k every year you own it, while the reduction in value for a 12 year old car is negligible.[/quote]
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