Reply to When to repair versus replace car

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[quote=Anonymous]It would depend on your situation.

I have a 2007 Corolla with less than 80K miles on it. Fall of 2023, I had to drop a $5K repair for wear and tear, plus replacement of things that commonly wear out at that mileage. I don't pay for parking and 90% of it is short trips since I have lived closed to public transit for nearly 15 years, but have not had to pay parking premiums and the car is paid off. Most years the maintenance is less than $2,000 so still makes sense to drive it into the ground and save up for a new car.

My car body will likely rust out before the engine actually dies. Every time I take i to the shop they call it a "warrior." I mainly use it for very short trips, and it's the car we take on longer trips to visit the in-laws.

If I had to drive a lot for work more regularly, I would have replaced the car a while ago, ideally before the $75-100K mark when the expensive stuff starts to wear. But if I can get 5 more years out of the car spending $2-3K a year on maintenance, I still come out ahead, especially considering I have not had a car payment in 14 years. [/quote]

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