Quote:
Originally Posted by glatt
Classic, for me, a shit car is a car that is so old, it costs about a grand a year in repairs to keep running reliably. Even at a grand a year, it's still much cheaper than buying a new car. Once the body rusts out, then it's over, but until then, you can keep a car going for much cheaper than buying new.
|
A grand a year? I wish. I've put over $2000 into my (college student) daughter's "shit car" just in the last few months. It cost about $4000 when she bought it a couple years ago. (without my consult)
If I look at the numbers now, I think I would have been better off spending more and getting a loan for a better car. There would have been far less worry about her safety. The "shit car" is now breaking down more frequently and needs more repair than she can afford. The money saved for the newer car has already been spent on repairing the "shit car."
Conversely, I could have had and planned in advance for a fixed payment instead of having the "shit car" breakdown and/or need repairs at inopportune times where it requires large sums of money on hand to fix it.