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It's my wife's car, she's attached to it, and I paid it off rather quickly. The car did not hold its value and therefore the equity wasn't worth selling it and
by ryanmarsh 8y ago
It's my wife's car, she's attached to it, and I paid it off rather quickly. The car did not hold its value and therefore the equity wasn't worth selling it and going into debt on a new car. I've kept a running total of how much the car cost to fix and over time it's still been cheaper than buying a nice new luxury auto, albeit not much cheaper.
- JoeAltmaier 8y agoIts hard to add up the entire cost of the car. There's the cost of time spent; time without a car; lost opportunity due to car issues. And in the end, you're driving an old, worn car which isn't as 'valuable' as driving a new, unworn one. Depending on how all this is weighted and added up, it can be the right thing to replace a car sooner than later.