Thread: When to let go?
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Old 01-25-2008, 05:26 AM   #5
Dr. Kill
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Join Date: Oct 2005
Location: New Jersey
Posts: 983
One more thing to throw into the mix – do you owe anything on it?

For me, I am always willing to overlook a problem here or there if I don’t have to be making payments on my car, but throw in repair bills (especially Porsche repair bills) on top of a car payment, and I would seriously consider unloading it.

You will probably be fine driving it for a while longer, but just be prepared if something else blows up on you. I drive a lot for work and am reimbursed based on mileage. My car is still pretty new at this point, but I take all of that mileage reimbursement and dump it into a separate investment account. That way, when something catastrophic finally does happen to my car, I will already have the funds reserved to fix it – and if nothing happens in the next 7 years or so, there is my new 911 paid for – cash. Maybe if you did something similar to this, it would give you the peace of mind to keep driving your car for a few more years.

Regardless, welcome to the forum.
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