[bluGill]

I see 30 year old cars on the road - daily drivers - reasonably often. They are probably maintained by the owner who now knows it inside and out.

The average millionaire drives a 15 year old car that they bought new (According to "The millionaire next door"). If you actually maintain your car you will discover that they last a lot longer than most people give them credit for. Some years you put more than the car is worth into it, but other years just an oil change.

[JoeAltmaier]

Right, its not about if the repair is more expensive than the car. Its whether the repair is cheaper than the payments on an equivalent but newer car.

Of course we all like a new car. But is it worth the extra money. Folks have a different threshold where they'll give up on ol Barney.