So Im not quite sure what is the best thing to do and trying to give this a lot of thought...so maybe having a few opinions will help me out.
I have a 2003 Ford Mustang owned free and clear. It's got almost 100,000 miles on it. It runs well but needs paint work done (from just wearing out) and some scratches repaired that would total around $1500. Plus needs general maintenance stuff like new tires. So probably about $2,000 or so total in repair costs. Blue Blook value is $5,000 retail and about $2,000 trade-in.
Would it be worth it to put $2,000+ into it? Or should I just save the money for a down payment on a new car? It's getting up there in miles and years and nothing major has gone wrong with it yet. So Im not sure if I should press my luck for very much longer.
I have a 2003 Ford Mustang owned free and clear. It's got almost 100,000 miles on it. It runs well but needs paint work done (from just wearing out) and some scratches repaired that would total around $1500. Plus needs general maintenance stuff like new tires. So probably about $2,000 or so total in repair costs. Blue Blook value is $5,000 retail and about $2,000 trade-in.
Would it be worth it to put $2,000+ into it? Or should I just save the money for a down payment on a new car? It's getting up there in miles and years and nothing major has gone wrong with it yet. So Im not sure if I should press my luck for very much longer.