My car broke. It’s 14 years old, 120,000 miles, paid off.
The repair will cost $3,052.
Would you repair the old or put the $3,000 down on a 2 year old car with 41,000 miles and have a monthly payment of $170
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@mortonmining, Honda’s in general? Not sure that the smaller cars would make it in the mountains and we haul around kayaks all summer 😕
@mtnmomma1202, My husband is mechanically inclined he said, your better off with a Honda, their cheap in price reliable and repairs are cheap. Honda accords and civics are the best, it gives you time to save up for that jeep as well 😉😉. Never buy anything past 2000 unless you intend on spending money on it within a years time.! Older vehicles were built to last, newer vehicles are built to be maintained.
Get the new one. If you can’t sell the old one, scrap it for $1000 or so, I’m not sure of the general condition, but we did that with my husband’s old useless car- we didn’t want to burden anyone with that thing! We set the money aside for a rainy day.
What is the old car? If it's one that'll go for 200k+ miles maybe repair it, but only if it's not like something that'll need more repairs in a few months. (My fiance is currently driving a 2002 Saturn and we just keep doing maintenance and tires/brakes when needed, rather than adding a monthly payment.)
Mmmmm... depends if it’s worth fixing the car... my father in law is a mechanic .. he says Toyota,Honda are the best cars you can ever have.. he hates kias,crystlers,ford says their a piece of junk motors aren’t good lol, id say if the car is in good condition interior/exterior wise.. why not or if you don’t have any crazy expensive bills.. and can afford financing why not.
@mortonmining, I have an 04 olds bravada, financing would be a 16 Jeep Compass
No brainer... put the 3K down on a new car, if your financially stable enough to afford those types of payments of course. I def wish my car payments were that low.
If u have the funds to pay monthly payments plus insurance and gas then I’d say just get a new car
It honestly depends what kind of car is it you have and what your trying to get if you don’t fix it??
@mtnmomma1202 If money isn't a problem go with the newer. Repairing an older car can become more expensive over the years.
@mrschanandlerbong95, I agree. My husband wants to fix the old 🙄 he says ‘Any car can break’
Yes, but less likely on a newer car
Depends on how many payments and my financials as a whole.
I’d get the new/used car. I’m okay with paying for something that is less likely to break down again.