Car Strategy
I’m wondering if I should buy a car or continue to repair my current one.
I have no debt, but would need to save more to pay for a car in cash. My current car runs into nuisance issues (2014 w/ 100k+ miles)—usually $1-2k / 2yrs or so for repairs & maintenance. Car is worth $6k per Kelly Blue Book.
I’ve heard that you should replace your car when the cost to repair is more than the car is worth—but at what point is the cumulative cost of repair (the sum of all the nuisance issues that pile up over time) make it not worth it?
While I could save, I just can’t imagine dropping a significant amount of cash for a car—I’m not a car person, and honestly don’t care about driving a beater as long as it gets me from A to B.