When to call it a day?

jamie_duff said:
There's no such thing as a car you just put petrol in and drive it. Private transport is expensive - it's just a question of whether you want a fixed cost of a new car under warranty or take a chance on random costs (which are usually much less cumulatively) of an older car. Some folk like general newness, and I can see the attraction. Of course, some people prefer "new" to "actually nice" and wonder why the 61 plate registration alone fails to satisfy after 2 years when it's not new anymore and you bought a stupid generic car because it appeared to be a good deal. If that's less important, then running older cars is almost always better value for money.

Market value versus looming repair cost is a meaningless measurement because you can't just walk away without spending the same (and usually more) on a replacement car which invariably comes with it's own 'features' which will raise their head and demand cash. You're onto a loser when you start thinking like that, are are doomed to be permanently skint because you keep getting rid of a car just as you're getting it sorted in favour of the next bag of nails to pour money into.
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Could not have said it better myself.. :)
 
buy a new car a maybe pay upto £300 a month for the next 3 to 5 years or keep your old car and maybe put money away each month to cover possible repair costs.do the maths yourself!
 
I'm looking at like this, I paid a premium for a low mileage example a few years back, so hopefuly it will last me a long time so that at some point I CAN afford to run it lol. Otherwise I could see myself spending another premium to buy another decent motor instead of using the money on something else (a house/flat etc.)
 
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