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Originally Posted by dcarrb
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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I agree. What is the car worth? As far as economical or to the owner. To me, they are worth much more than the $$$ that you can sell them for. Don't get me wrong, I am not going to pay an inflated amount to get one, but as far as upkeep and parting one out, I will look at it in a little different light than some of the members here.
