When should I buy a new car? My old car is starting to fail on

>>1508151

Drive it until it blows up. I doubt you'd get anything for it at this point anyway, so the value is just whatever scrap is. If it's in rush shape you wouldn't be able to part it out. (Not sure, you didn't state that).

Take 4k and buy the best valued vehicle you can get that doesn't require a payment. That's where your own personal homework will have to come in.

>>1508151
Ive always heard this. If you have to make a major repair on a car, in order to see if its a better deal to fix the car or get a new one, take the cost of the proposed repair and divide it by 12. If the figure you get is half or more of what a new car payment would be, then buy a new car.

For example

Engine craps out. Its 3600 to repair or rebuild it. That's 300-ish dollars a month. Money better put to a new car.

Or

Some random ass thing craps out and its 1000 to replace. Thats under a hundred bucks a month so just suck it up and make the repair.

>>1508158
Heh. Nice comparison. I'm planning on doing all this at home (besides the mounts i dont wanna fuck that up) so it should be cheap. I just hate the idea of piled up problems and waiting on parts to be delivered.

>>1508154
Good to know. My brother really wants rhis car but he doesnt know that deep inside I want to drive it til it dies.

>>1508158

I like this, but I don't think there is any value left in the vehicle. The brake job (all around) is probably more than the vehicle.

If OP bought a new vehicle he would be buying a depreciating asset. I can't think of many new cars where the value increases when driven off of the lot.

Just going off of what OP says.

>>1508162

I'm impressed that your brother wants a a vehicle that is almost 20 years old. Sounds harsh, but you're not exactly cruising for pussy in that thing, you have it because it is practical. If you didn't care about practicality, you would have dumped this a long time ago for a jacked-up pick up truck for the sole purpose of grocery shopping.

>>1508151
>When should I buy a new car?

When it costs more to fix the old one than it's worth or it becomes unacceptably unreliable.

Everything on your list is likely a pretty easy google fix except the motor mounts and dry rot. I can't imagine a 4k car would put you much better off than you are now so you may as well fix what you can on this one and run it into the ground.

>>1508172
Well his car is in worse condition. He always likes to try and take advantage of people and the things they own. Sounds harsh but that's him.