Hello -
Ha ha, yeah I did this calculation with my mechanic the other day. If I had a new car, I would probably have a payment in the $300 range. That's $3600 a year. If I pay $1800 in
unscheduled repairs, I would still have $1800 in my pocket, in addition to lower insurance.
In the last few years, I think I have transmogrified into a used-car-only person. Most of the cars I end up "wanting" go out of production before I am tempted to pull the trigger anyway,
.
The 25% loss driving off the lot is a real version of my computer joke to people. It's a play on the 3-Step Poisonous Snakes in Vietnam :
When you buy a PC at Fry's, the PC loses 10% of it's value on your first step out the door. On your second step, it loses 25%. On the third step, it's lost 50% of it's value ... Time to get a new PC!
(my notebook PC is 5+ years old)
CarloSW2