Submitted by [deleted] t3_z8x7tp in personalfinance
Concerned-23 t1_iydt0i1 wrote
Reply to comment by BoxingRaptor in Am I/we crazy? In need of a reality check by [deleted]
I mean with 40k collectively in emergency fund/home repair savings can’t that cover most major home repairs?
My current car is 11 years old and needs 3k in repairs. It’s on its second engine and it’s very unreliable
BoxingRaptor t1_iydt6t9 wrote
What car? Make/model? What is the mileage? And what are the $3k in repairs that it needs?
Concerned-23 t1_iydtjpf wrote
Hyundai Elantra. It was the worst decision ever I will never buy a Hyundai again. Needs new struts and something else that I can’t remember. Also has an electrical problem that needs fixed. Not to mention the engine could fail again as the engines are faulty but no official recall
positev t1_iydvn2l wrote
Struts are easy and cheap. Regular maintenance
BoxingRaptor t1_iydvp6q wrote
Struts are something you'll have to replace periodically on every car you'll ever own. That's called a "wear" item. The electrical problem is probably worth just fixing. And I wouldn't rush into a new car for tens of thousands of dollars just because the engine MIGHT fail again.
Concerned-23 t1_iydw5xz wrote
When it does die again I’ll be stuck with no transportation. My car has left me stranded on multiple accounts. I’ve put nearly 10k of work into it and I’ve had it less than 5 years. Every time I take it in (6 months or less) I’m given another 2-3k in repairs. I’ve had mechanics and tow truck drivers tell me it’s a money pit
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