Ironically I just sold a 2001 Chevy Impala after the transmission went and bought a 2018 holdover Volt to replace it. But those calculations are close to mine.

Ironically I just sold a 2001 Chevy Impala after the transmission went and bought a 2018 holdover Volt to replace it. But those calculations are close to mine. In the case of the Impala, the car with a working trans was worth $3500 and the trans fix was $2300, plus it needed new tires which runs about $400 and little things like sensors etc. were starting to go....my rule of thumb is that when yearly repairs start to get over the 50% of the car's value it's time to let it go.