• FauxLiving@lemmy.world
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    6 hours ago

    There are not many things that can require a $5,000 repair, unless you’re crashing your car into things in which case a new car is going to hurt your even more.

    A $5,000 repair is still cheaper than an $1000/mo car+insurance payment. Unless you’re replacing your engine or transmission every 4 months then you’re still going to be paying less by covering the repairs.

    The cost of ownership of a used car 5-10 years old is cheaper than a new vehicle. This has been the case for decades. Buying a new car has always been the most expensive option in both the short and long term.

    • TubularTittyFrog@lemmy.world
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      6 hours ago

      lol what. i have a 1yr old car. my insurance and car payment is like 450 a month, and the new payment goes away after 3 years. you are vastly over exaggeration.

      i got a new car because my 10 year old car needed $5000 worth of work and it made no sense to keep it anymore. new tires, fluid flushes, new brakes, etc. not sure if you have had a car worked recently, but like a brake job for all four brakes alone is $1500. the tires and wheel balance was $600, etc. a nicer car would have cost a lot more. one reason i don’t own a suv is the maintenance costs are double that of than a fwd sedan. had it been a crv the maintence would have run me probably 8000.

      your prices seem 10-20 years out of date for car repairs. yeha, in 2002 I was paying like $2000 to overhaul an old camry, but that was 25 years ago.