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more great thoughts to consider. Hopes- the $100. doesnt break us, for now. from all your thoughts it makes more sense to keep both and then we are covered. I was thinking if we put the sale money in the bank and then the $1200. month into savings also we would have a nice "next car fund" We eat beans and rice because I am a squeezer, but like I also said I have squeezed so tight I have cost us money! Hence the post! A part time job that fits with the rest of my life would be perfect...just haven't found it yet. Sometimes making more money is the answer, sometimes cutting out useless expenses is, I am trying to figure out where we stand in that. Finding balance is my "demon".
Selling the car now might look good but fast forward 10 years. You've owned it for a long time and have taken care of it so there is a great chance that it will last you a very long time. Conceivably 20 years if not longer the way you are using it.
Buying an $1100 clunker might look good on paper now but where will you be in 2-5 years? Buying another clunker and putting way more money than you paid for it into it.
Yes, we have concluded keeping it would be the best even though at the onset I felt it might be more then we "need". my last car I had for 18 years, the one before that was a 3 cylinder sprint that I actually got 10 years out of and 150K miles later..sold it to a mechanic.( Since he was spending more time with it then I was!)This carhas been the least trouble of anything I have owned before so yes, maybe beyond 20!
Ironically the 1 used car we have ever bought lasted the least (8yrs) and cost the most in repairs and was always trouble ( why we went back to buying new!)
Thank you all for helping me sort that out...I just couldn't think it through on my own!
Good to have a spare car or two, since I only own older cars, paid off, it is handy when I need to work on one that I can just drive another one, not having to work fast on the car I have in my shop, instead I can take my time, if I find something else that needs doing while working on one system I have a different ride so I can go get the additional parts.
If you have only one car, you have to keep it going or you are left car-less, which in many parts of America is not very practical.
Forgot to add...I dont drive my husband to work now, I would have had to if we went down to one car.
Which is exactly why you shouldn't go down to one car. With him working 65 miles away, driving him to work would be double the commuting expenses; thereby, making it almost equal in cost to having two cars!
Sorry if I missed this but is there any reason why you couldn't just go without a car if you work from home? You could bike or walk, and if the weather is that bad you stay home.
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