Fluffster sitting next to car

Why Did We Just Spend $1150 Repairing Our $500 Car?

[Make sure to check out Part 2: “Wow, Yeah, Unfortunately We Need to Go Car Shopping — What Now?“]

So we just spent $1150 on car repairs… oh, and the trade-in value for our car is roughly $500 (from a dealer; we could surely get quite a lot more selling it ourselves, but probably still less than $1150). When does spending more money on repairs than the value of the car make sense financially? Let’s explore [cue evil laugh].

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