I've always bought my cars with cash. This car I currently have is starting to have minor oil leaks. Car mechanic says it would be around $600 to replace the gasket seal (it's very labor intensive because they have to take the engine out to do this, it's a 2006 Chevy Impala). My father is trying to convince me to not get the repair done, drive it until the engine starts smoking, then replace it with a nicer car and get a car with car payments (yuck, I've sworn myself off of debt ever since paying off my student loans.) While I agree maybe I don't have to fix this problem right away, I want to fix it eventually and keep driving this car. It only has 130,000 miles on it and I only put about 8,000 miles on it per year. I think if I could keep this car for at least 5 more years, I'd get my money's worth what I put into it. Should I go ahead and do this $600 repair now, or wait until it becomes a real emergency? I can't stomach buying a car with a car payment (my dad is a car guy and is ok with car payments and goes through multiple cars frequently, he was contemplating buying a $30,000 car a couple months ago but I and his wife talked some sense into him).
September 09, 2018 at 07:23PM
