Originally Posted by mr29
the cost of keeping it outweights the repairs and maintenance it needs and it would be smarter to buy a new one
Those costs will pale into insignificance when set against the depreciation you'll suffer on a newer car.
Don't get me wrong, like anyone I like buying new cars, but it certainly isn't the financially sensible route. Keeping your car longer or buying an older car, aside from very rare cases, will almost always work out cheaper in the long run.