Well I googled that question. Here is a link of interest.http://articles.moneycentral.msn.com/SavingandDebt/SaveonaCar/KeepYourOldClunkerOrBuyANewCar.aspx
After reading it, it may pay to keep the old car. That article however did NOT touch on
the fact that prices do not seem to be going down on new stuff. And every day that passes
the old one depreciates that much more.
My situation is not all that bad, I have a 7 yr. old Subaru Forester that I put a lift kit on and lite truck tires under it....
That along with a reciever hitch that lets me carry my ATV and 1000# axle trailer fits my lifestyle very very well.
Subi has 120K on it and I have kept it up all along doing proper maintenance recently it got new CV joints. She does
however make odd noises every once and a while.
I figure I have 3-4 years left to work before I would like to retire and when I retire it may change my ability to purchase
a vehicle. (I am trying to be able and spend my winters in Euge land)
Our state has no inspection requirement at this time and license taxes are 5%
just to put tags on a new one.
Euge, I am not cast in stone about the Carte Blanch thing because where I live
it would be a crime to try to drive one of those babies up and down my crappy
dirt road. I am looking at a Hyundai Veracruz mainly because of the 60K
bumper to bumper warranty and the amount of options that others charge you for,
they consider standard equipment. I mean the things are Loaded!
Yadda yadda yadda…..