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Reply to "$4k repair on car with 55,000 miles"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]let's say you keep the car another 5 years, is a car payment of $83 a month. a new car payment for a car purchased at 30k is 625 a month. [/quote] What a bad advice. A car that is starting to have transmission failures at just 55k miles is a huge red flag and won’t last 5 more years. When a car that was maintained properly starts falling apart some early, get rid of it. It’s a lemon. OP should get rid of it before wasting even more money into expensive repairs. That car is so junk that using the $4k to buy a 10yo Toyota with 200k miles would seem like a better decision. [/quote] The fact a part happens to fail on a vehicle doesn’t mean it’s a “lemon” or “junk” or that it is “falling apart.” There are myriad reasons a part can fail even with proper maintenance. Your lack of understanding or automotive mechanics is surpassed by your lack of understanding of finances. [/quote] When a major component fails so early, it is a huge red flag that shows you have a very unreliable. 8 out of 10 times another component will fail within a few months. Get rid of this car, cut your losses and buy something more reliable.[/quote] Ridiculous. And in todays car market, its a no brainer. Fix it.[/quote]
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