Reply to How much is too much to pay yearly in repairs for a paid off car?

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Reply to "How much is too much to pay yearly in repairs for a paid off car?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You are no where close to needing to replace it.

When a single repaint is 50% range of car value you have a choice to make.

My car is 17 years old and fuel pump is dying- 2400 to replace but car is only Worth 4k; so i am at that crossroad.[/quote]

I wouldn't look at it like this.  How much are you going to spend on a working car in order to avoid spending the $2400?  Are you going to buy another $4k car in better condition?  Probably not because thats a huge gamble.

If you spend $2400 on a car that has a solid engine, transmission, and the frame isnt all rusted out, its worth more than $4k to your bank account.  
[/quote]

Valid point….but my previous car before this had a tape deck, and CD changer.  Current car does not have a tape deck, just CD changer.  You do the math on safety features and other things this car (and my previous) do not have compared to modern models.
So age of vehicle, cost of repairs and value of car are factors.
Especially if car has not been garaged after 10-15 years expensive structural/frame repair factors in.[/quote]

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