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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]

The car was tiny in a world of speeding SUVs when it was new. There isn't much you can do about bad drivers in big cars unless you decide to join them in another irresponsibly large car.

OP, are you worried about your car's reliability? The last time I had to make a repair/replace decision, I replaced it because I didn't think my car was reliable enough for what I needed (driving kids to and from events, going out of town). I didn't mind sitting around waiting for the guy from AAA, but I didn't want to do it with a car full of kids.

Going on only what you've said, I'd replace and step up my savings for a new car. And if I needed a loan, I'd make sure it was a short one so the car got paid off quickly. You don't want to owe more than the car is worth.[/quote]

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