Question

We have an older car that keep needing repairs. What is your rule off thumb with car repairs before you get a new car? Curious.  

Answer 1

If the repair costs more than the car is worth.  

Answer 2

If the repairs are about the same as a car payment!  

Answer 3

Depends on if you own the car already or are still making payments. But if you do own it, when it starts averaging the same cost as a monthly payment for a newer car.  

Answer 4

If you have enough money to pay for a new car, without going into debt.  

Answer 5

We weighed how much we have spent on our van vs how much it was worth vs how much a used one would be. We refuse to have car payments and that was probably the biggest factor in continuing to fix up our 1993 van.  

Answer 6

When I cost more then buying or leasing a new one in a year . but . GM born and bread so 100k and it's on its way  

Answer 7

Depends on the type of repairs. If it’s wear and tear things like brakes, struts, wheel bearings, then we’d probably pay to repair. To us, it’s better than a car payment. If it’s repairs because it’s breaking down, We’d probably consider buying a different car.