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[quote=Anonymous]OP here.  I don't think I explained my question very well (that's my bad).  That being said, some of the posts have been very helpful so thanks!

Here's, hopefully, a better explanation:

I know the "ideal" advice is to pay cash for used car and never take out loans.  In my situation, I don't think that makes any more sense than simply repairing my Jeep.  If I bought a used SUV/minivan for $25K, I wouldn't feel any more comfort with its reliability than spending $5K to have my Jeep repaired and it wouldn't be covered by a warranty.

If I get my Jeep repaired, I'll address the problems I know about, but I wouldn't feel any more comfort with its future reliability (and I already sunk about $3K in it late last year).  I'm still on the fence about just getting my Jeep repaired again but at some point I don't want to keep throwing good money after bad.

As far as new cars (if I decide to go that route), assume that I've already found what I want for around $40K which would result in a note of around $600 (after trading in the Jeep).

So I'm really only looking at two options: repair the jeep or get the new car (with a loan...I don't want to spend upwards of $40K cash).

My actual question is whether that $600 note is really reasonable based on a $300K HHI or am I being cheap by balking at spending that much.  Online guidance says it's affordable and my financial advisor says I have it to spare.  Mentally though, it's hard for me to accept.

I am reading everyone's responses and taking it all into consideration but I don't see how a "new" used car with no warranty coverage trumps my "old" used car with no warranty or an actual new car with a warranty.  If the market wasn't as crazy, I'd buy a CPO but the price difference from a new car isn't significant enough[/quote]

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