My next project

[Rambozo]

Look at it this way...

$500 is a very high but one month car payment on something new (3+ year contract and tax and interest no less; dealer prep, tax tag title). She drive it a year, way ahead of a new car and no contract and $400 scrap value.

It all depends on the specific car and what condition it is in. As old as it is, it could conceivably have a few hundred a month in repair bills just to keep it going. Sometimes you just need to draw a line in the sand and think about cutting your losses. Doesn't mean you need to buy new, but get something that still has life in it, rather than completely worn out. It all comes down to numbers. It's a little different if you do your own repairs, as you might not put as much value in your time. However, if you have to pay shop rates, it adds up fast.

[everlastsupport]

It all depends on the specific car and what condition it is in. As old as it is, it could conceivably have a few hundred a month in repair bills just to keep it going. Sometimes you just need to draw a line in the sand and think about cutting your losses. Doesn't mean you need to buy new, but get something that still has life in it, rather than completely worn out. It all comes down to numbers. It's a little different if you do your own repairs, as you might not put as much value in your time. However, if you have to pay shop rates, it adds up fast.

Even at $1500, to not have car payments for years is not a bad thing. We do our own work so that saves a lot and I get to work with my son, major plus to me. But I agree, maybe another car unless this one has some special attachment to it.