CRLLS
Thinks s/he gets paid by the post
Comsumer reports say it is cheaper to keep the car until the repair exceed the cost of the car. I think the old way of thinking was half the price of the car. My idea is if it is under 2k a year repair if more get rid of it. I figure a new car will cost you 2k a year. A new camry is 20k divided by 10 is 2k What do you think of this idea?
According to Truecar, the average price paid for a 2018 Camry is around 25,000. By the time taxes title, registration and dealer doc fees, that would come to~ 27,370. That raises the repair cost reference to $2,737 per year.
Regardless of the financial calculations, it doesn't not take into consideration the inconvenience of not having that vehicle for the time that it is in the shop 2-3 times per year. The time it takes to drop off the car get a ride home, get a ride back to the shop and pick it up when done and possibly have to go back again because the shop didn't really fix it right the first time. It also assumes that the owner is OK with being broken down on the road occasionally. Repairs that are foreseeable is one thing. The random breakdowns is another.
When the car becomes undependable it is time to change IMO.