so $200-$300 a month for something new and reliable that will never leave you stranded is worse than forking oer $2K at once for trivial problems on a 12 year old car?
I subscribed to that mentality, until I added up all the repair reciepts for the used cars I was buying ... did not make much sense.
Worst thing with a used car, ... you pay lets say $3-$4K for it ... runs fine, then a repair comes. Let's say $300 ... ok. I can handle that. Than in a few months another one. Maybe $600 this time ... again do it.
And slowly because you begin to pump so much into it, you feel bad getting rid of it. Now that big problem comes, maybe a tranny worth $1.5K ... fix it or not fix it? You dumped so much into the car already ...
But a year or 2 passed and your car is not worth anyhting now ... so dumping $1.5K into it is not worth it ... but if you don't, you have to junk it. Dilemmas.
Not to mention all these things always happen when you least expect it financially.
So ... put a small d/p on a new car. Pay $200-$300 /month and live headache free. Trust me .. if you keep either one for 2-3 years ... you will come out even. Except on the new one you make painless small monthly payments not big chunks for repair ... plus you drive something new and shiny.