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To most it's a simple economic equation: When the cost of a needed repair exceeds the value of the car, break the car.
But how does one determine the "value?" You have to figure-in what you know about the car, how long you plan to keep it, and what else it's likely to need within that time frame. For example, if my car's transmission goes, the conventional wisdom would be that it's not worth repairing. But I've put 30,000 miles on the car, I know what's been done to it and what it's likely to need, and I anticipate keeping it for several more years. It's a known commodity that's worth more to me than to the used car market.
dcb
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