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Reply to "When is the "tipping point" to getting a new car? "
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[quote=Anonymous][quote=Anonymous]I drive the wheels off my cars. I'm currently driving a 1998 CRV that I plan to keep for 2-3 more years. I get a new car when the cost of a repair job is more than 1 year of car payments. I consider it if the repairs are worth more than the vehicle and I can't be sure that I will get at least 1 year out of the car after it is repaired. $3500 would be past that tipping point. [/quote] This is a good rule of thumb. I drive my cars until I feel they're unsafe/unreliable or until the repair costs get too high compared to the value of the car. I just got rid of my 1998 Honda CRV because the ABS crapped out. Too much $ to fix, too unsafe without it.[/quote]
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