After having spent over 1200 dollars on a new clutch, brakes, etc. and noting that my six-year-old Ford Escort wagon has nearly 116,000 miles on it, I started wondering…
If the average person buys a new car (brand new, or new to them, whichever) every couple of years or so, they are continually paying between 150-400 dollars per month in car payments. This is not including how much they pay to fix or just simply maintain their car. Would it make any more sense at all, economically and/or ecologically to:
Start off with purchasing a used newer car, 10 years or less, drive it as you normally would, maintain it as you normally should and then, when it gets up to between 100,000 and 200,000 miles, instead of buying a new car, buy a new engine? I understand that a new engine is costly, but it isn’t as costly as an entire new car, is it? I mean, wouldn’t it just make more sense to pay the purchase price of a car ONCE and spend a good chunk every hundred thousand or so miles rather than spending 10,000 to 30,000 every three or four years? In addition, wouldn’t doing so contribute heavily to minimizing the trash and scrap in the world?
I’m obviously not a mechanic or other sort of automobile aficionado, or an enviromental professional, etc. I’m just curious if this is a ridiculous thought or if it actually has some validity? Any ideas?