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Date: Sat, 5 Jul 2008 20:56:07 -0500
From: Ron Peterson <r...@s...core.com>
Newsgroups: misc.invest.financial-plan
Subject: Re: Economics of retaining an older car, versus a buying a new car
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On Jul 5, 4:15 pm, Bhoot Nath <d...@y...com> wrote:

> The car is probbaly worth 3500 due to mileage + usual wear and tear
> after 14 years (& some dings), but no mechanical problem. We would
> like to keep this car (we are not itching for a new car smell), but
> does it make sense to put $3000 into a $3500 car? How critical is to
> replace timing belt and water pump stuff every 90K?

Mark Bole has some good advice.

Newer cars are safer with better brakes, air bags, and stability
control.

If you are in an accident, you won't get more than the blue book
value. But, don't drop collision or uninsured motorist or you may
never be able to collect.

--
Ron

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