Timeline for Keep spending money fixing an old car or buy new car
Current License: CC BY-SA 3.0
5 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Aug 4, 2017 at 21:36 | comment | added | jkuz | @endolith I wouldn't say it is flawed. It is simply an estimate. The point is to estimate the value of the car. Yes, your car could have multiple repairs, but so could a replacement model. If you reasonably think it will have many repairs coming up, then add that to the equation above. Otherwise you are just speculating. Of course, hindsight is always 20/20! | |
| Jun 26, 2017 at 16:51 | comment | added | endolith | This formula seems flawed in that you could have 10 repairs that, spaced a month apart, don't trip the formula, but would if they all happened at once. | |
| Apr 7, 2016 at 2:23 | comment | added | Classified | If I can buy on my terms and not feel pressured, I'll be happy but I also want to make decisions that make financial sense too and I appreciate the answers/advice ppl have given here, that buying new doesn't make sense. Ugh, so much to chew on. | |
| Apr 7, 2016 at 2:23 | comment | added | Classified | thanks for your advice, esp the part that the newer car isn't guaranteed to not have larger problems. Need to remember that. To answer your last part, one reason not to drive a car until it dies is being forced or feeling forced to buy something. It happened to a friend who is particular with the make/model/options/etc. of their cars. Their old car was totaled and really needed to get a car. They felt pressured into buying their current car due to the need for getting a car ASAP, yet not being 100% happy b/c it wasn't everything they wanted. | |
| Apr 7, 2016 at 0:09 | history | answered | jkuz | CC BY-SA 3.0 |