I bought my mom the Toyota Corolla I'm driving in 2006. It's now 17 years old. I love not having car payments so much that I decided to drive it until it died, and figured I could at least push it to 20 years. I just had the brakes completely re-done last year with this in mind.
Now the clear-coat is peeling off, it needs more work because the muffler is just starting to sound bad, and the engine is getting a little rough. But I figure the cost of having all that done is worth it if I don't have to buy a new car.
And THEN somebody ran into the car in the parking lot of my hotel last night. At least I'm assuming that's what happened because I never noticed the damage before today. I was able to get it popped out, but it's scraped up and a bit cracked. Which means even more money needed to sink into the car.
And so... guess I am ready to cut my losses and buy a new car.
Because I don't really want a new-new car. If I had a new-new car, I'd be paranoid about getting hit in a hotel parking lot way too much. And I'd freak out if anything happened to it. So I want a new-to-me used car. I thought... maybe I can get something relatively recent and decent and certified pre-owned for $15-$16,000. WELP! Even used cars are tragically expensive, yo. IN MANY CASES MORE EXPENSIVE THAN A NEW CAR! And if I can't get certified pre-owned, then there's the idea that something could go wrong with it almost immediately and I'd have to sink even MORE money into it.
Blergh. This blows. Why can't I be a billionaire who doesn't have to worry about things like this?
The Corolla only has 85,000 miles on it. Probably worth just having the work doen and coasting for seven years. At least I know the car was taken care of. I'm tight with the owner.