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Reply to "When to repair versus replace car"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Just looking for a pulse check (and no judgement please, I know I drive an old car!) I have a 2010 Toyota Corolla. Fully paid off, relatively low mileage (130K) and I know these cars can run well into 200K. I'm looking at a ~$2000-3000 repair, and I sort of hate putting this amount of $$$$ into an old car. At the same time, I really like the car and it's nice having no car payment. Buying a new car is not really a financial strain, but would have a low car payment (~$200 a month). WWYD? [/quote] It's a Toyota Corolla w/ 130k and you actually like it -- I would almost certainly repair, particularly if we are talking all or mostly consumables. If you list what is/needs to be done, that would provide a more complete picture. [/quote] Agree if the only "repair" is an empty gas tank. But, the car is 15 years old and tiny in a world of speeding SUVs. Safety & future reliability would be my concerns.[/quote] Yep, you should definitely join the race to the bottom and get a giant SUV to keep you safer in case another giant SUV decides to crash into you.[/quote]
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