Is $1,000/year to maintenance good or should I buy new?
I've spent about $1,000 so far to service the car (YoY). 2000 Toyota Corolla.
Assuming this goes perpetually...wouldn't it be better to buy a new car (e.g. $14,000 Hyundai Elantra for monthly payments of $160 per month)?
Currently maintenance cost:
About $100 per month.
2015 Hyundai Elantra
About $160 per month
So for an additional $60/month, I am getting a brand new car with better music system, safety features, etc
Assuming this goes perpetually...wouldn't it be better to buy a new car (e.g. $14,000 Hyundai Elantra for monthly payments of $160 per month)?
Currently maintenance cost:
About $100 per month.
2015 Hyundai Elantra
About $160 per month
So for an additional $60/month, I am getting a brand new car with better music system, safety features, etc