Tuesday, January 23, 2007

Buy Another Car or Fix the Old one AGAIN

Since my daughter is turning 14 this weekend, she is eager to put in applications around town. In our area, grocery stores begin hiring at age 14 and she has been counting down the months until she was old enough to apply.

The problem? My car is not running properly. I parked the car while I worked on paying off our credit card debt. Since my kid takes the bus to school and I work from home, the 2nd car wasn't a
necessity.

But, she wants to work and I don't want to do anything that interferes with her desire to start making her own way in the world. Additionally, I want her to have a clear understanding of how much work is required to make the money needed to purchase
wants like cell phones, high-end clothing, and cars and insurance.

But the delimma of whether to sink more money into a car that I've had in the shop
3 times for the same problem is not an easy one to resolve. If it was a simple issue of so-and-so needs replaced, and it costs $xxx to replace it, I would happily put it in the shop and have it fixed.

With this car the issue isn't that simple. It's what I get for buying a Pontiac Grand Prix, I guess. I've had 3 different mechanics try to fix the car, and although they've all replaced something, that something was not the problem. So, I continue to have the same problem after shelling out hundreds of dollars.

After reading several articles online, I'm thinking I'm going to put old Duchess in the shop again. It still works out far cheaper to keep trying to fix this car than to go in debt to buy another one. Here are the best of the articles I read, tell me what you think.

Keep Your Old Clunker or Buy a New One MSN Money
Fix Old Car or Buy New One - Dave Ramsey's Advice

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QUALITY STOCKS UNDER 5 DOLLARS said...

A car can last if taken well care of.