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Reply to "$4k repair on car with 55,000 miles"
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[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] +1. I'm chuckling at people who think this $4,000 expense infers $0 more maintenance costs over 5 years. As if! Highly likely easily another few thousand in expenses over the next 5 years. Do the math on what that equates to per month and you realize what a total money pit even a relatively new out of warrant car can be. You're basically blowing a new lease payment for the "privileged" of driving a used car. While the new lease has literally zero expenses. [/quote]
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