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Episode 3326:
Philip Taylor breaks down the financial and emotional dilemma of whether to repair or replace an aging car, guiding you through five practical questions to assess safety, cost, and long-term value. His thoughtful analysis, paired with an inspiring story of a car-free lifestyle, offers a fresh perspective on what smart, frugal vehicle ownership can really look like.
Read along with the original article(s) here: https://ptmoney.com/repair-or-replace-car/
Quotes to ponder:
"Is your vehicle spending more time in the shop than in your driveway?"
"Even if the safety standards are up to par, reliability can be a big issue with older cars."
"Before you agree to any work done on your car, get an estimate in writing."
Episode references:
Consumer Reports: https://www.consumerreports.org/cars
Enterprise Plus Rewards Program: https://www.enterprise.com/en/loyalty.html
Edmunds Car Value Tool: https://www.edmunds.com/appraisal
Kelley Blue Book: https://www.kbb.com
ZipCar: https://www.zipcar.com
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Optimal Finance Daily - Financial Independence and Money Advice