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      05-07-2008, 03:55 AM   #20
Biz
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Drives: '99.5 Pathfinder
Join Date: Sep 2007
Location: Bay Area

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Quote:
Originally Posted by jetblk328i View Post
Heres the story:

My 1999 lexus rx300 has a seal problem connecting the transmission and engine so that in the winter little bits of oil may leak out because of the seal contracting a bit due to the cold. this will cost me 1300 to fix.

obviously its a terrible idea to spend that much to fix a car thats worth about 12K
I think you should run the numbers again - it would be a terrible idea to buy a $40,000 car instead of getting the tranny fixed for $1,300. Even with your trade-in, you're going to be paying $500+/month (assuming a 60 month loan), so you essentially recoup your repair bill in 2-3 months. Don't compare the repair cost to the value of the car, compare the repair cost to the price of replacing your old car's functionality ...
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