Hello folks,
We are currently a one car family, 2006 Nissan Sentra 1.8S It is clocking 90K on odometer. We bought it used for about $9,000 in 2009, when it had 76K on odometer.
Since then we have replaced serpentine belt, tires, AC, some wire that connects to brake pads totaling about $3000. Last time we did state inspection, the guy gave us a list of things, we will have to change in near future, suspensions were one of those costing about $2000.
Our car was in crash where DW hit a utility pole and it fell across the car. The body, headlights were damaged but the engine was fine, so StateFarm did not total the car but spent about $6K to fix it. We paid $500 (deductible)
The current value of the car is about $5K (because of the crash), otherwise the car is well maintained.
My question to all experienced folks is, is it advisable to spend $2K on a car worth $5K to keep it running? There is a good chance that in near future, it will call for more repairs like battery, brake pads and other stuff that we have no idea of. In ideal situation, I would like to take the car to the grave but I find it difficult to make a decision.
Any advice in this regard is welcome.
P.S. - By end of the year, we are going to buy 2011 CR-V, budget ~$20K, but then we do need 2 cars now.
We are currently a one car family, 2006 Nissan Sentra 1.8S It is clocking 90K on odometer. We bought it used for about $9,000 in 2009, when it had 76K on odometer.
Since then we have replaced serpentine belt, tires, AC, some wire that connects to brake pads totaling about $3000. Last time we did state inspection, the guy gave us a list of things, we will have to change in near future, suspensions were one of those costing about $2000.
Our car was in crash where DW hit a utility pole and it fell across the car. The body, headlights were damaged but the engine was fine, so StateFarm did not total the car but spent about $6K to fix it. We paid $500 (deductible)
The current value of the car is about $5K (because of the crash), otherwise the car is well maintained.
My question to all experienced folks is, is it advisable to spend $2K on a car worth $5K to keep it running? There is a good chance that in near future, it will call for more repairs like battery, brake pads and other stuff that we have no idea of. In ideal situation, I would like to take the car to the grave but I find it difficult to make a decision.
Any advice in this regard is welcome.
P.S. - By end of the year, we are going to buy 2011 CR-V, budget ~$20K, but then we do need 2 cars now.