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]

Agreed. 
My husband and I both grew up with the old school view you buy a car 1-2 years used so you don’t take the depreciation hit. You drive a car for ten years because cars are a diminishing asset… etc. Now that we have a family and have been through the ringer with a lemon if a car I have a totally different viewpoint. Cars are not made the same way they used to be. You cannot reasonably expect to get 250k miles and every single auto shop says try to get rid of it before 100k because that’s when it can get expensive. So now we look at it differently. I grew up thinking a lease was for idiots. Now I see why it works for many! I can’t get a lease because my children are too messy and we take a long road trip so it’s not a great fit for us but from this point forward we will be buying new, we will be under warranty and we will plan to trade in before 100k miles. [/quote]

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