Originally Posted By: IndyIan
On some complex cars this is probably true if you want to keep all the frivolous stuff in perfect working order. But on a simple fwd manual trans car with manual everything except brakes and steering, it would be hard to match even a $300/month payment with repairs for a very long time before almost everything of importance would be replaced... Also if you are a bit handy it gets cheaper again for some simple parts swapping.
My Neon does require the odd repair but its still pretty cheap to keep it in good shape for my commute and autocrossing on the weekend.
Well, we didn't bring up the point of owner expectations. I expect everything to work reliably. As the years roll by I lower my spending on "restoration" as it becomes "silly" at some point but my goal is that nothing is "frivilous". I still expect my car to perform, not be a rattling death trap, be safe for the kids, look good, handle being pushed in the twisties from time to time and still be fun.
If one doesn't find driving "fun", that's a different category of driver where the vehicle is merely an appliance of transport. I guess it boils down to "car guys" having different expectations of condition and what "no problems" means compared to "non car guys".
I also regularly apply frivilous things like polish and sealant to keep it looking like new.
eljefino is also bang on about DIY - do whatever you can DIY as long as you're able to do it properly (back to my SAFETY comment) and you'll save a bundle.
I also sympathize with the comments about "spare" cars. There are a number of jobs over the years I couldn't DIY because I couldn't have the car off the road long enough to do it right/figure it out DIY.
I have no plans to sell my 1998 BMW daily/only driver, but I would never say "forever". I don't think I could ever take it from a polished, tight, well-treated, emotionally invested hobby to just one day deciding to let it go as a "gravel road beater". I'd rather read the writing on the wall at some point and sell it to the next enthusiast owner.