Are Cars Getting Too Old?

[Joe Marconi]

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[CARMandP]

Its a little easier for us around here since we don't have a rust problem so cars hold up longer. I have scraped 3 in the last month due to expense to repair causing more than car is worth.

[FROGFINDER]

We don't have the rust problem here in Houston. I disagree with the don't spend more than a car is "Worth" theory. We judge our car's worth by what some stranger will say it's worth? What is transportation worth to you! If a car has been maintained and kept clean it's worth fixing in most cases unless you just want to replace it. How much is the replacement cost? How much is Full coverage insurance? I look at it like as long as my paid off vehicle costs' less that $6k per year to maintain, i keep it. I average about $2-3k per year on up keep. The average new car cost $30k. Pay cash if you can. If on a 3 year note(so you won't be upside down) you will have approx. $1k per month payments. On a $60k car $2k per month. I have a '99 Acura TL that would cost $42K for a new TL and '98 dodge truck that would cost $33k for a new one. That buy's alot of gas and repairs .The Lone Ranger didn't trade in Silver. Unless the car is damaged and deemed unsafe it's cheaper to keep her.

 

 

A month after you buy the "NEW CAR" and if you had to sell it you will be offered thousand's $$ less than you paid for your now "USED CAR".