I bought a used car for $3k a year and a half ago and have put about $2k into repairs over the past 6ish months. Having trouble again and the mechanic (whom I trust) says it needs another $2k of repairs...do I do it? Do I buy a new car? Help!

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Is it a one-time type of repair or are you fixing the same issue? If it's a repair that's common at a certain mileage and you won't have to worry about it again, then it might be worth doing the repair if you likely wouldn't have to worry about it again.

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What kinda car was it? A 3k Honda or Toyota is worth it but otherwise, it’s a toss up.

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In car production, every vehicle that comes off the conveyor is built slightly different. So even within the Nissan Sentra line you can get a well-built long-lasting car or a PoS destined for infinite repairs.

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The first $2,000 repair was too much on a $3,000 car.

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Realized that about 4mo too late 😔

You’re a consulting manager. Why don’t you just spend money on a reliable/ safe car?

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Well, it'll be a lesson for the future. Don't just think about cost, but what residual value or selling value it'll have. If you get a decent corolla (popular model almost everywhere) it'll retain some value, it's reliable, and easy to sell. Trust me, as someone who's bought a cheap, off brand motorcycle once.

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Google tells me you can buy a less than 10 year old Honda Accord or Toyota Camry for under 6K. That 2K repair is 1/3 of the way there, and I’m sure you could get 1K for your current car. Seems like buying a more reliable car is a better option IMO

Or reflect on whether you need it at all and just cut bait.

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That car sounds like a money pit. Take the 2k and put it down on a lease or buy a car with a warranty.

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Not to be mean, but you get what you pay for. Seems like you need 1-877-kars-4-kids and a new ride.

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Quite possibly the worst thing ever created.

Found myself in the same situation a few years ago. Gifted a car that was probably worth 4k, put about 3k intro repairs over three years. When I finally sold it, it was the best decision. Huge weight off my shoulders.

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If you’re putting that much into it, it might make more sense to learn how to do the work on your own.

It also depends on what work need to be done. If the first thing was head gaskets, and the next thing is suspension, those are completely unrelated and last a long ass time. If it’s back to back engine rebuilds, you should probably consider scrapping it.

Fwiw, my COVID project is rebuilding a car, so my vote is for you to do the repairs on your own.

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Respect! I unfortunately do not have the interest/commitment required to doing so. The work has mostly all been related to the engine

FIRE bowl approves.

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Don’t put the money into repairs. I did the same thing and a few months later a new thing needed to be fixed. Get the new car while you have the money

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Have you considered leasing a car

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Just say no.

There are cars you can buy that hold their value really well. My stepdad just sold his Toyota truck for $17k 10 years after spending $30k on it. Not saying you have to spend that much but anything has to be better than what you’re doing.

What is the problem with the car?

New car

Buy a new car. Sounds like you bought a lemon (a car that no matter what you fix still has problems and continuously breaks). I would buy a used Honda but no older than like 2013. Look for something with relatively low mileage too. They’re incredibly reliable and relatively cheap to fix.

Cars get to a point where expensive parts or time consuming repairs arise.

A $3 oil seal on a BMW 3 series is $500 in labor. That's a 7 -12 year old BMW problem.

So this needs a full assessment of the make, model, reliability to give a decent answer.

New suspension components on a Toyota truck. Fix it. New head on a Ford Taurus engine. Buh bye felicia.

Just upgrade to a used early-2010s model, you could get one under $10k and would have less issues than the 17 year old model you’re trying to save.

Time to Google “Sunk Cost fallacy”

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