There are not many things that can require a $5,000 repair, unless you’re crashing your car into things in which case a new car is going to hurt your even more.
A $5,000 repair is still cheaper than an $1000/mo car+insurance payment. Unless you’re replacing your engine or transmission every 4 months then you’re still going to be paying less by covering the repairs.
The cost of ownership of a used car 5-10 years old is cheaper than a new vehicle. This has been the case for decades. Buying a new car has always been the most expensive option in both the short and long term.
lol what. i have a 1yr old car. my insurance and car payment is like 450 a month, and the new payment goes away after 3 years. you are vastly over exaggeration.
i got a new car because my 10 year old car needed $5000 worth of work and it made no sense to keep it anymore. new tires, fluid flushes, new brakes, etc. not sure if you have had a car worked recently, but like a brake job for all four brakes alone is $1500. the tires and wheel balance was $600, etc. a nicer car would have cost a lot more. one reason i don’t own a suv is the maintenance costs are double that of than a fwd sedan. had it been a crv the maintence would have run me probably 8000.
your prices seem 10-20 years out of date for car repairs. yeha, in 2002 I was paying like $2000 to overhaul an old camry, but that was 25 years ago.
Until that $5000 car needs another $5000 repair, and another and another.
There is a reason most cars don’t last more than 10 years.
There are not many things that can require a $5,000 repair, unless you’re crashing your car into things in which case a new car is going to hurt your even more.
A $5,000 repair is still cheaper than an $1000/mo car+insurance payment. Unless you’re replacing your engine or transmission every 4 months then you’re still going to be paying less by covering the repairs.
The cost of ownership of a used car 5-10 years old is cheaper than a new vehicle. This has been the case for decades. Buying a new car has always been the most expensive option in both the short and long term.
lol what. i have a 1yr old car. my insurance and car payment is like 450 a month, and the new payment goes away after 3 years. you are vastly over exaggeration.
i got a new car because my 10 year old car needed $5000 worth of work and it made no sense to keep it anymore. new tires, fluid flushes, new brakes, etc. not sure if you have had a car worked recently, but like a brake job for all four brakes alone is $1500. the tires and wheel balance was $600, etc. a nicer car would have cost a lot more. one reason i don’t own a suv is the maintenance costs are double that of than a fwd sedan. had it been a crv the maintence would have run me probably 8000.
your prices seem 10-20 years out of date for car repairs. yeha, in 2002 I was paying like $2000 to overhaul an old camry, but that was 25 years ago.
The cost of new car ownership has massively increased since 10-20 years ago. If it was a better deal 10 years ago, it is even better now.
Here’s the data: https://www.bts.gov/content/average-cost-owning-and-operating-automobilea-assuming-15000-vehicle-miles-year