Whats your Car Repair Cut off Point?

18 Responses

  1. NZ Muse says:

    We are a one car household so a reliable car is a must have We went with newer car, higher ks (an approx 3yo ex lease at the time with just over 100,000km).
    NZ Muse recently posted…What makes you feel rich?My Profile

    • Rob says:

      Hey nz welcome.

      Love seeing new faces..

      Yeah theres nothing worse than a non reliable car. 100k to 140k is what we are really looking into as well.
      Thanks for stopping by
      Cheers

  2. Good post Rob. I’m like you and like to drive a car into the ground. It’s just emotionally easier having an older car for me. I don’t care if it gets a ding or scratch even though I try to keep it in good shape. My wife and I have about 21+ years into are 2 cars combined so we are starting to get close to the tipping point. Tom
    Tom @ Dividends Diversify recently posted…The World Sure has Changed – Or has It?My Profile

    • Rob says:

      Hey Tom

      At first I read that and was like wow maybe i need to drive ours for longer. Then i realize ours are 25 yrs combined! Dam! Makes em feel alot older.
      Definitely not caring about scratches and dings is huge. I just throw the kayak on the roof if it was new, wow it would be a different process.

      Cheers
      TOM

  3. PCI –

    I always break it down in how many months to get further out of it, without putting yourself or others at harm. So if it’s $1,500 – that may be okay, if that’s the only thing and provides solid assurance for an extra 12+ months out of it. Thoughts on that?

    -Lanny

    • Rob says:

      Hey Lanny

      Thats true but how can you guess a solid timeline? I think 1000 is my threshold but if its 1200 to get it running good. Who knows. Lol

      1200 for another year of solid running for sure id pay that.
      Cheers

  4. p2035 says:

    Hi there. I have a 2003 renault laguna with milege of 230 k. Well for past few years it become a bag of problems but fixes dont cost that much 300-400€ (its still cheap in our countriea). We were thinking about new car as well well but I think I will go with renault for few more years 🙂 what I understood is that I will buy a basic basic pack next time because the more gadget in it the more they broke in the future 🙂 for ex. my air conditioning is broken for like 3y now. It will cost me 500€ to fix but im very fine without it. Real need for contion is just for 2-3 summer months.

    • Rob says:

      Hey p.

      Wow nice your definately are getting your use out of that car. 200-300 for a repair would be great, just seems the amount of repairs is adding up now.

      We will see what the mechanic says tuesday. Its true all these high tech things create problems. I really want to avoid tire sensors, seems so dumb to me.

      Cheers

  5. Hard to say. If its more than the value of my car its a no-brainer. Problem is if its a small expense we never know what the next one is going to be (they keep accumulating). I drive a 2003 Toyota Camry, its an excellent car. With a child reliability would be important. I would probably switch my car after reach 80,000 miles. I never buy new cars 🙂
    dividendgeek recently posted…Effect of savings, investment return and time on retirementMy Profile

    • Rob says:

      Hey geek

      True if transmission or engine gos. Boom its gone! I really dont know what 80000 miles is to km. For sure kids in the car are a factor for reliability.

      Cheers man!

  6. Similar to Lanny said, I will try to estimate how many extra months I can get out of the car versus a new car payment. You’re right ,you can’t estimate it. But I would see how many potential months of $250/month car payments I would save . I would start to be concerned if that amount great to over a year, but it has been a long time since I’ve been in that situation. I hate to say it, but it really, really just depends on the repair, car, etc.

    I had always used to buy new. Then, this time around, my wife bought a certified used Rav4 that saved $7k-$8k on a new car. The best part was that the 2014 model was essentially the same as the 2017 model. But now, I’m always buying used for the savings! I don’t know what to tell you between the GMC or the Ford. I think it will just come down to whatever is best for your family and it sounds like you are going to make the right call. Best of luck deciding

    Bert
    Dividend Diplomats recently posted…The Diplomats’ January Side Hustle ReportMy Profile

    • Rob says:

      Hey Bert great points.

      My parents got a rav 4 nice car.

      I would buy the car outright so no monthly payments. Although that money would be invested so the loss of dividends i guess would be factored in. I never buy new cars rather new to me cars =)
      My wife would like a newer vehicle while im on the side of repairing if the price is right.
      Find out Tuesday!
      Cheers rob.

  7. May says:

    We bought two old cars and then two new cars. We are driving a 2001 civic and a 2009 rav4 now. We are driving the car to death type too. LOL. I asked my dh many times already if he wants to buy a new car and he thinks the civic is still good to drive. Next car we want to buy a electronic one as both of us cummuting long way. I think it might be a good idea to wait for better electronic cars to come out. I like rav4. It’s very reliable and good size for camping.

    • Rob says:

      Hey May

      My parents have a rav4 they seem pretty good. Dont know if its as big as a escape though. As for electric I think it will be better to wait a couple years the cost of batteries is insane at the moment. I was looking at a lithium riding mower (for business) guy said the machine costs as much as the battery currently…. if you can afford it why not? Going green is always good!

      Nice work on that civic. How many km is on it?
      Cheers

  8. Leo T. Ly says:

    I bought my 2015 Honda Odyssey with a friend of mine. We got a pretty great deal. I was not sure if it was the end of the month or paying cash or multiple vehicle. The sales guy was pretty accommodating and we were able to dictate the negotiations. At the end of the day, doing your homework before going to shop will help a lot.
    Leo T. Ly recently posted…5 Home Inspection Tips That Every Future Home-Buyer Should KnowMy Profile

    • Rob says:

      Hey Leo

      Odysseys are good vans. Interesting that you bring up the end of the month never even thought of that. The multiple vehicle buy was most likely a factor if he gets 2 sales vs 1.

      Ill take any tips i can get! Lol
      Cheers
      Leo

  9. Steve says:

    Good article – I finally threw in the towel on my 2007 car – after the latest repair was going to be about 30-40% of the value of the car (power steering). Also it started to feel unreliable, less safe and the potential friction costs to other areas of life convinced me to buy a newer (but still used) car.

    I did fall for the extended warranty (guilty) since I may drive this for many years – should have read this first!

    • Rob says:

      Hey Steve

      Welcome, love seeing a new face!

      I got lucky it was just my fuel pump. I thought it would of been something serious. I got that and 2 minor things fixed for 500 bucks. It was worth fixing. The car is getting to that point though, but ill hold off as long as i can.

      Extended warranties are big money makers for the companies. I think last time i bought a dvd i even got offered a extended warranty incase it gets scratched.

      Congrats on the newer car, glad to hear you didnt buy brand new. Saved yourself thousands!

      Cheers

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