Fixing vs. Buying

One of the reasons – probably the main reason – people buy a new car is because their old car has gotten to the point that it is costing them too much to keep. Repair bills vs. monthly car payment bills. You reach that tipping point in a vehicle’s life when it makes more sense to spend money on a new car than to keep on spending money on the old car.

But what happens when that dynamic reverses?

The average monthly new car payment is currently an almost unbelievable $525, according to Experian...