MoneyWork's Dad Tip - Don’t Overthink, Choose the ride of your joy

Dear MoneyWork,

I’ve been driving the same car since 2011 — a trusty sedan I bought new and have kept in great shape. It only has about 68,000 miles, and I’ve never had any serious issues with it. But last week, during a routine check, the mechanic told me I’ve got a major suspension issue and the front axle needs to be replaced. Price tag? Around $3,000.

The car’s resale value is maybe $6,000 to $8,000, so now I’m wondering: is it even worth fixing? I’m not exactly looking to throw money into a car that’s over a decade old, but I also don’t feel ready to buy something new unless I really have to. I’ve looked online, and prices for newer models are a little shocking right now.

Should I repair and ride it out? Or is this the universe's way of telling me it’s time for an upgrade?

Thanks,
— Jason L.

Hey Jason,

First off, hats off to you — 13+ years with a single car and under 70k miles? That’s commitment most people can’t promise in relationships, let alone vehicles.

Let’s get right into it: a $3,000 repair on a car that’s worth around double that is enough to make anyone raise an eyebrow. But value isn’t just about dollars — it’s also about how the car fits into your life.

Here’s how we at MoneyWork break it down.

The Math Is Murky — But Not Hopeless

You're essentially being asked to invest around 40–50% of your car’s value in one go. If this is the only major issue and everything else — engine, transmission, brakes, electronics — is in solid shape, the repair could buy you another 3–5 years of smooth, reliable driving.

Divide $3,000 over 36 months, and it's $83/month — a lot cheaper than any new car payment. If that works for your budget and the car still fits your needs, it’s a reasonable move.

BUT... if this is just one in a growing list of repairs — or if you’ve started noticing strange noises, flickering lights, or your mechanic sighing when you pull into the lot — it could be a sign that the vehicle is entering its golden-but-expensive years.

Do You Even Like the Car Anymore?

Sometimes the question isn't about the money. It's about how you feel behind the wheel.

Do you still feel safe and comfortable in your sedan? Or do you flinch every time you turn the key, praying that today isn’t the day something else goes?

Also — has the car kept up with you? Meaning, does it still suit your current lifestyle? Maybe you’ve got a longer commute now, or a growing family, or you just want something more modern that connects to your phone without a tangle of cables and adapters.

If the answer is no — then this $3,000 is really a ticket to keep holding onto something that may no longer serve you.

Here’s the Move If You Want to Upgrade Smartly

Let’s say you lean toward replacing the car. Here's what we recommend:

• Look for Certified Pre-Owned (CPO) models from the last 3–4 years. These often come with warranties and significant savings over new prices.
• Make a list of your non-negotiables. Safety features? Fuel efficiency? Space? Don’t compromise just to save a few hundred bucks upfront.
• Time it right. If your current car is still drivable for another couple months, don’t rush. Wait for year-end sales or inventory rotations. The market can shift quickly.

And if you’re not in love with the idea of financing something newer, just remember: fixing the current car buys you time — time to save, time to research, and time to find a car that truly fits your next chapter.

Final Thought

There’s a fine line between making a smart decision and forcing a practical one. If the only thing keeping you attached to your car is the fear of change or sticker shock, ask yourself this:

Would a newer car make your daily routine easier, safer, or just plain more enjoyable?

If the answer is yes, then maybe it's time to part ways with the old ride. Let someone else handle the axle replacement while you move on to something that gets your pulse going again.

Sometimes the smartest financial move is the one that actually makes you feel good in the long run.