Originally Posted By: MaximaGuy
Good discussion and good comments. FYI, I have had 2 rounds of tires, they themselves cost $1000. $1000 for Nissan's poor engg.
I love Nissans and my wife is bent on buying the M35. I would assume the overall cost of maintenance on a luxury will be atleast 1/2 over 150K.
IMO, any vehicle above 150K is a headache and a casino where money gets milked like no tomorrow.
I sorta disagree.
The odds of that being the case increase as the vehicle ages.
However, I think some car makers have this part figured out better than others.
Toyotas are called boring. Yet my $0.03/mile for maintenance and repairs from 106K to 227K are LOWER than your 0-150K car.
Of course, I have power nothing, a manual transmission, and 14" wheels and tires
Of course, I paid $2500 for it, so it owes me nada.
Yet I don't think a nickel a mile for maintenance and repairs is bad.
Heck if that doubles to $0.10/mile over the next 150K miles those will still be cheaper miles than if you bailed out today. Remember, you spent close to $0.18/mile just buying the car.
So maybe when your maintenance and repair costs over a 50K period reach $0.18/mile does it make sense to just buy a new car fiscally.
I do agree that putting money into an older car is more of a risk. I think I'd look at it as if I put that money into my car, would it raise my maintenance and repair costs for the last 50K miles to over $0.18/mile give or take.
If it does, then perhaps it's time to stop putting money into the car and get a new one. If it doesn't, then keep driving it, it's the cost of the past 50K miles and the next miles are "free" with respect to maintenance and repair.