Question:

I have 1998 Jeep Grand Cherokee that I love but it has 204,000 miles on it. Even though I haven’t spent much on it over the years, it does feel like it’s coming to the end of it’s life. I don’t want to put any real money into it but there’s a constant stream of $200-$300 repairs. When do I stop spending money on it and just retire her?   Connie
 

Answer:

Connie I feel the love, I also am a dedicated Jeep lover (as are
many of you out there), I’m on #5 right now. I also struggle with
when to sell my Jeep and buy a newer one . The obvious answer
to that question is, WHEN YOU CAN AFFORD ONE.

If you haven’t guessed by now, I am a very practical person and
not a very sentimental one. I’m not one of those people who names
my cars or holds onto them because they have some meaning to me.
They are tools to be used to get me from one place to another, period.
To me a newer Jeep is better than an older one. My advice is to do the
math. If the amount of money you are spending on your car is starting to
equal what you could spend on a newer one (don’t forget to factor
in the amount you will gain by selling the old one), my advice would
be to get a newer one. If you are so in love with your car that you
can’t give it up (believe me there are plenty of you out there) then
by all means, dump all your life savings into it, but don’t come crying
to me when you’re broken down on the side of the road without a dime
to your name.

Oh and if you have a classic car then ignore all of the above. Go ahead and
dump some money into that, up to a point, we need to preserve as many of those
as possible.

Questions:dontgetwrenched@gmail.com

Advertisements

About dontgetwrenched

Elayne Kling, was the owner of a downtown Manhattan auto repair shop for 25 years and recently in Williamsburg, Brooklyn, www.ZPAUTO.com. Elayne knows the particular ins and outs of the auto repair world and keeps up her blog because people will always need help navigating the potential pitfalls of that world. Due to the crazy NYC real estate market she has since closed down her shop and started a new business called Projects Unlimited Inc., helping other small businesses. www.projectsunlimitedinc.com
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s